STAG Industrial, Inc. (NYSE:STAG) Stock Position Increased by Peak Financial Advisors LLC

Peak Financial Advisors LLC raised its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,415 shares of the real estate investment trust’s stock after purchasing an additional 356 shares during the period. Peak Financial Advisors LLC’s holdings in STAG Industrial were worth $420,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Park Avenue Securities LLC grew its stake in shares of STAG Industrial by 40.3% in the fourth quarter. Park Avenue Securities LLC now owns 7,284 shares of the real estate investment trust’s stock worth $246,000 after purchasing an additional 2,091 shares in the last quarter. Bridge Creek Capital Management LLC grew its position in STAG Industrial by 0.4% in the 4th quarter. Bridge Creek Capital Management LLC now owns 142,417 shares of the real estate investment trust’s stock valued at $4,817,000 after buying an additional 600 shares in the last quarter. Hilltop National Bank raised its position in shares of STAG Industrial by 19.2% during the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock worth $76,000 after buying an additional 362 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in shares of STAG Industrial by 122.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 21,583 shares of the real estate investment trust’s stock worth $787,000 after acquiring an additional 11,859 shares during the period. Finally, Coldstream Capital Management Inc. boosted its holdings in shares of STAG Industrial by 4.4% in the third quarter. Coldstream Capital Management Inc. now owns 54,517 shares of the real estate investment trust’s stock valued at $2,131,000 after acquiring an additional 2,306 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on STAG shares. Barclays cut their target price on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Raymond James upped their price objective on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, Wells Fargo & Company lowered their target price on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $41.00.

STAG Industrial Stock Up 1.9 %

Shares of STAG Industrial stock opened at $33.59 on Wednesday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87. 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 $6.12 billion, a PE ratio of 33.93 and a beta of 1.09. The stock’s fifty day moving average is $35.40 and its 200-day moving average is $37.56.

STAG Industrial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.1242 per share. This represents a $1.49 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date of this dividend is Monday, March 31st. STAG Industrial’s dividend payout ratio is presently 149.49%.

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.