7,891 Shares in STAG Industrial, Inc. (NYSE:STAG) Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC purchased a new position in STAG Industrial, Inc. (NYSE:STAG) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,891 shares of the real estate investment trust’s stock, valued at approximately $308,000.

Other hedge funds have also recently made changes to their positions in the company. FMR LLC grew its position in 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 acquiring an additional 4,111,268 shares in the last quarter. Bank of Montreal Can grew its stake in shares of 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 valued at $52,823,000 after buying an additional 1,033,485 shares during the last quarter. Westfield Capital Management Co. LP increased its holdings in shares of STAG Industrial by 36.0% in the third quarter. Westfield Capital Management Co. LP now owns 1,670,586 shares of the real estate investment trust’s stock worth $65,303,000 after buying an additional 442,618 shares during the period. Ceredex Value Advisors LLC purchased a new stake in shares of STAG Industrial during the second quarter valued at approximately $13,188,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in STAG Industrial by 7.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust’s stock worth $123,883,000 after acquiring an additional 227,629 shares during the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

STAG has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their price target on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Raymond James raised their price target on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday. Evercore ISI boosted their price objective on shares of STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Finally, Barclays dropped their target price on shares of 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. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $41.00.

STAG Industrial Stock Performance

Shares of STAG opened at $35.93 on Friday. STAG Industrial, Inc. has a 52 week low of $34.09 and a 52 week high of $41.63. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87. The stock has a market cap of $6.55 billion, a P/E ratio of 36.29 and a beta of 1.07. The business’s 50 day moving average price is $37.01 and its 200-day moving average price is $37.72.

STAG Industrial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.1233 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.12%. STAG Industrial’s dividend payout ratio is currently 149.49%.

STAG Industrial Profile

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.