STAG Industrial, Inc. (NYSE:STAG) Shares Bought by Mesirow Institutional Investment Management Inc.

Mesirow Institutional Investment Management Inc. grew its position in STAG Industrial, Inc. (NYSE:STAG) by 22.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 464,358 shares of the real estate investment trust’s stock after buying an additional 84,826 shares during the quarter. STAG Industrial accounts for 1.5% of Mesirow Institutional Investment Management Inc.’s holdings, making the stock its 12th largest holding. Mesirow Institutional Investment Management Inc.’s holdings in STAG Industrial were worth $16,745,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. J.Safra Asset Management Corp grew its position in STAG Industrial by 708.5% in the 1st quarter. J.Safra Asset Management Corp now owns 663 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 581 shares in the last quarter. Spire Wealth Management grew its holdings in shares of STAG Industrial by 124.1% in the fourth quarter. Spire Wealth Management now owns 688 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 381 shares in the last quarter. Centerpoint Advisors LLC purchased a new stake in STAG Industrial during the 2nd quarter worth approximately $25,000. Fidelis Capital Partners LLC acquired a new stake in STAG Industrial during the 1st quarter worth approximately $29,000. Finally, GAMMA Investing LLC lifted its holdings in STAG Industrial by 56.1% during the 2nd quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 326 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. BNP Paribas initiated coverage on STAG Industrial in a research report on Tuesday, June 4th. They set a “neutral” rating and a $39.00 price objective on the stock. Barclays lifted their price objective on STAG Industrial from $38.00 to $42.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 14th. Wells Fargo & Company upped their target price on shares of STAG Industrial from $37.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Evercore ISI lifted their price target on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Finally, Wedbush increased their price objective on shares of STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $41.22.

STAG Industrial Stock Down 0.7 %

STAG stock opened at $40.31 on Wednesday. The company’s 50 day moving average is $38.80 and its two-hundred day moving average is $37.19. STAG Industrial, Inc. has a twelve month low of $31.69 and a twelve month high of $41.63. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.82. The stock has a market cap of $7.34 billion, a P/E ratio of 40.31, a PEG ratio of 4.20 and a beta of 1.09.

STAG Industrial Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were paid a $0.1233 dividend. The ex-dividend date was Wednesday, July 31st. This represents a yield of 3.63%. This is a boost from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s payout ratio is currently 148.00%.

Insider Activity

In other news, Director Benjamin S. Butcher sold 34,000 shares of STAG Industrial stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $40.78, for a total value of $1,386,520.00. Following the transaction, the director now directly owns 8,758 shares of the company’s stock, valued at approximately $357,151.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Benjamin S. Butcher sold 34,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $40.78, for a total value of $1,386,520.00. Following the transaction, the director now owns 8,758 shares in the company, valued at approximately $357,151.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Benjamin S. Butcher sold 30,000 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $34.81, for a total value of $1,044,300.00. Following the sale, the director now directly owns 8,304 shares of the company’s stock, valued at $289,062.24. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

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.