Ibex Wealth Advisors Acquires New Position in STAG Industrial, Inc. (NYSE:STAG)

Ibex Wealth Advisors bought a new position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 134,884 shares of the real estate investment trust's stock, valued at approximately $4,562,000. Ibex Wealth Advisors owned about 0.07% of STAG Industrial at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. boosted its holdings in shares of STAG Industrial by 54.1% during the 3rd quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 306 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new stake in shares of STAG Industrial during the 4th quarter valued at approximately $43,000. Coastline Trust Co purchased a new stake in shares of STAG Industrial during the 3rd quarter valued at approximately $55,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of STAG Industrial during the 2nd quarter valued at approximately $57,000. Finally, GAMMA Investing LLC raised its position in shares of STAG Industrial by 72.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust's stock valued at $61,000 after buying an additional 659 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on STAG shares. Raymond James lifted their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. Wells Fargo & Company reduced their price target on shares of 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. Barclays reduced their price target on shares of STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Finally, Royal Bank of Canada reduced their price target on shares of STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a research report on Monday. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.38.

STAG Industrial Trading Up 1.8 %

NYSE STAG traded up $0.63 on Thursday, reaching $34.49. The stock had a trading volume of 709,549 shares, compared to its average volume of 1,301,602. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of 34.83 and a beta of 1.09. 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 stock has a fifty day moving average price of $34.77 and a two-hundred day moving average price of $37.38.

STAG Industrial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.1242 dividend. This represents a $1.49 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Monday, March 31st. STAG Industrial's payout ratio is currently 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.