Sugar Maple Asset Management LLC Makes New $43,000 Investment in STAG Industrial, Inc. (NYSE:STAG)

Sugar Maple Asset Management LLC acquired a new position in shares of STAG Industrial, Inc. (NYSE:STAG) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 1,280 shares of the real estate investment trust’s stock, valued at approximately $43,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Point72 DIFC Ltd bought a new position in STAG Industrial during the 3rd quarter worth $717,000. Geode Capital Management LLC boosted its holdings in shares of STAG Industrial by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust’s stock valued at $133,077,000 after purchasing an additional 21,925 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of STAG Industrial by 169.6% in the 3rd 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 in the last quarter. Earnest Partners LLC boosted its holdings in shares of STAG Industrial by 2.2% in the 2nd quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust’s stock valued at $131,727,000 after purchasing an additional 78,189 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of STAG Industrial by 314.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 145,520 shares of the real estate investment trust’s stock valued at $5,688,000 after purchasing an additional 110,410 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Barclays reduced their target price on 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 reduced 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. Finally, Raymond James raised 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. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, STAG Industrial currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

STAG Industrial Stock Down 2.0 %

Shares of STAG opened at $33.94 on Tuesday. The company has a market capitalization of $6.18 billion, a PE ratio of 34.28 and a beta of 1.09. STAG Industrial, Inc. has a 12 month low of $32.27 and a 12 month high of $41.63. The stock’s 50-day moving average price is $35.06 and its two-hundred day moving average price is $37.49. 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 Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.1242 per share. This represents a $1.49 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend is Monday, March 31st. STAG Industrial’s payout ratio is presently 149.49%.

STAG Industrial 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.