Resources Management Corp CT ADV lifted its position in STAG Industrial, Inc. (NYSE:STAG – Get Rating) by 1.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,806 shares of the real estate investment trust's stock after purchasing an additional 350 shares during the quarter. Resources Management Corp CT ADV's holdings in STAG Industrial were worth $1,398,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Confluence Wealth Services Inc. acquired a new position in shares of STAG Industrial in the fourth quarter valued at $26,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in STAG Industrial during the first quarter worth $35,000. Prospera Financial Services Inc acquired a new position in STAG Industrial during the first quarter worth $40,000. Lazard Asset Management LLC raised its stake in STAG Industrial by 95.1% during the fourth quarter. Lazard Asset Management LLC now owns 1,403 shares of the real estate investment trust's stock worth $67,000 after acquiring an additional 684 shares in the last quarter. Finally, Godsey & Gibb Associates acquired a new position in STAG Industrial during the first quarter worth $60,000. 84.13% of the stock is currently owned by institutional investors and hedge funds.
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STAG Industrial Price Performance
Shares of STAG stock opened at $30.75 on Thursday. The stock's fifty day moving average is $31.94 and its 200-day moving average is $34.92. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market capitalization of $5.51 billion, a PE ratio of 24.02, a PEG ratio of 2.88 and a beta of 0.98. STAG Industrial, Inc. has a 52 week low of $29.43 and a 52 week high of $48.27.
STAG Industrial Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.1217 per share. This represents a $1.46 annualized dividend and a dividend yield of 4.75%. The ex-dividend date is Thursday, September 29th. STAG Industrial's payout ratio is presently 114.06%.
Wall Street Analyst Weigh In
Several research firms have issued reports on STAG. Wells Fargo & Company dropped their price objective on STAG Industrial from $43.00 to $41.00 and set an "overweight" rating for the company in a research note on Thursday, August 11th. Jefferies Financial Group dropped their price objective on STAG Industrial from $47.00 to $43.00 and set a "buy" rating for the company in a research note on Thursday, June 30th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $45.25.
STAG Industrial Profile
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STAG Industrial, Inc (NYSE: STAG) is a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. By targeting this type of property, STAG has developed an investment strategy that helps investors find a powerful balance of income plus growth.
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