STAG Industrial, Inc. (NYSE:STAG) Shares Acquired by FORA Capital LLC

FORA Capital LLC lifted its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 130.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,705 shares of the real estate investment trust’s stock after buying an additional 11,707 shares during the period. FORA Capital LLC’s holdings in STAG Industrial were worth $809,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in STAG. BNP Paribas Financial Markets boosted its holdings in STAG Industrial by 169.6% in the third quarter. BNP Paribas Financial Markets now owns 132,412 shares of the real estate investment trust’s stock valued at $5,176,000 after purchasing an additional 83,296 shares during the last quarter. FMR LLC boosted its stake in shares of STAG Industrial by 145.5% in the third quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust’s stock worth $271,132,000 after buying an additional 4,111,268 shares during the last quarter. Bank of Montreal Can grew its holdings in STAG Industrial by 330.5% during the third quarter. Bank of Montreal Can now owns 1,346,149 shares of the real estate investment trust’s stock worth $52,823,000 after acquiring an additional 1,033,485 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in STAG Industrial during the third quarter valued at approximately $244,000. Finally, Daiwa Securities Group Inc. lifted its holdings in STAG Industrial by 16.0% in the third quarter. Daiwa Securities Group Inc. now owns 242,533 shares of the real estate investment trust’s stock valued at $9,481,000 after acquiring an additional 33,531 shares during the period. 88.67% of the stock is owned by hedge funds and other institutional investors.

STAG Industrial Price Performance

Shares of STAG opened at $37.34 on Friday. The firm has a market capitalization of $6.80 billion, a price-to-earnings ratio of 37.72 and a beta of 1.09. The firm’s fifty day simple moving average is $37.65 and its 200-day simple moving average is $37.69. STAG Industrial, Inc. has a twelve month low of $34.09 and a twelve month high of $41.63. 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 firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.1233 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 3.96%. STAG Industrial’s dividend payout ratio (DPR) is 149.49%.

Analyst Ratings Changes

A number of brokerages recently issued reports on STAG. Barclays lowered 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 report on Monday, October 28th. 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. Evercore ISI upped their price target on STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Finally, Wedbush upped their target price on STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $41.13.

About STAG Industrial

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.