17,253 Shares in STAG Industrial, Inc. (NYSE:STAG) Purchased by Merit Financial Group LLC

Merit Financial Group LLC bought a new stake in shares of STAG Industrial, Inc. (NYSE:STAG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,253 shares of the real estate investment trust’s stock, valued at approximately $584,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Point72 DIFC Ltd bought a new position in STAG Industrial during the third quarter valued at approximately $717,000. Geode Capital Management LLC lifted its holdings in shares of STAG Industrial by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust’s stock valued at $133,077,000 after buying an additional 21,925 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of STAG Industrial by 169.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 132,412 shares of the real estate investment trust’s stock worth $5,176,000 after buying an additional 83,296 shares during the last quarter. Earnest Partners LLC grew its holdings in shares of STAG Industrial by 2.2% in the second quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust’s stock worth $131,727,000 after acquiring an additional 78,189 shares during the period. Finally, Los Angeles Capital Management LLC increased its position in STAG Industrial by 314.5% during the third quarter. Los Angeles Capital Management LLC now owns 145,520 shares of the real estate investment trust’s stock valued at $5,688,000 after acquiring an additional 110,410 shares during the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

STAG Industrial Trading Down 2.6 %

STAG Industrial stock opened at $34.02 on Thursday. STAG Industrial, Inc. has a 12-month low of $32.27 and a 12-month high of $41.63. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 34.37 and a beta of 1.09. The firm has a 50 day moving average of $34.96 and a 200 day moving average of $37.45. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87.

STAG Industrial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.1242 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.38%. STAG Industrial’s dividend payout ratio (DPR) is presently 149.49%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wells Fargo & Company dropped their target price on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Raymond James boosted their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, Barclays decreased their price target on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, STAG Industrial has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

STAG Industrial Company Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.