Holocene Advisors LP Makes New Investment in STAG Industrial, Inc. (NYSE:STAG)

Holocene Advisors LP acquired a new stake in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 16,667 shares of the real estate investment trust's stock, valued at approximately $652,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in STAG. Centerpoint Advisors LLC bought a new stake in STAG Industrial in the second quarter valued at $25,000. GAMMA Investing LLC lifted its stake in STAG Industrial by 56.1% in the second quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 326 shares during the period. UMB Bank n.a. lifted its stake in STAG Industrial by 54.1% in the third quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 306 shares during the period. Wetzel Investment Advisors Inc. acquired a new position in STAG Industrial in the second quarter valued at about $38,000. Finally, Blue Trust Inc. increased its holdings in shares of STAG Industrial by 1,728.4% in the second quarter. Blue Trust Inc. now owns 1,353 shares of the real estate investment trust's stock worth $52,000 after acquiring an additional 1,279 shares in the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

STAG Industrial Stock Performance

Shares of STAG Industrial stock traded down $0.14 during trading on Friday, hitting $35.79. 882,210 shares of the company's stock were exchanged, compared to its average volume of 1,028,944. STAG Industrial, Inc. has a 52-week low of $34.09 and a 52-week high of $41.63. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. The business has a 50-day simple moving average of $37.24 and a 200-day simple moving average of $37.71. The stock has a market capitalization of $6.52 billion, a price-to-earnings ratio of 36.15 and a beta of 1.07.

STAG Industrial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.1233 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.14%. STAG Industrial's payout ratio is currently 149.49%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Evercore ISI lifted their target price on STAG Industrial from $43.00 to $44.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 28th. Wells Fargo & Company lowered their target price on STAG Industrial from $41.00 to $38.00 and set an "equal weight" rating for the company in a report on Monday, November 4th. Finally, Barclays reduced their price target on STAG Industrial from $42.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Monday, October 28th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $41.13.

STAG Industrial Company 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.