Charles Schwab Investment Management Inc. Buys 227,629 Shares of STAG Industrial, Inc. (NYSE:STAG)

Charles Schwab Investment Management Inc. boosted its position in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 7.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,169,164 shares of the real estate investment trust's stock after purchasing an additional 227,629 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.74% of STAG Industrial worth $123,883,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of STAG. Cetera Investment Advisers lifted its holdings in STAG Industrial by 763.9% in the first quarter. Cetera Investment Advisers now owns 70,788 shares of the real estate investment trust's stock worth $2,721,000 after purchasing an additional 62,594 shares during the period. Earnest Partners LLC lifted its stake 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 worth $131,727,000 after acquiring an additional 78,189 shares during the period. Harbor Capital Advisors Inc. lifted its stake in shares of STAG Industrial by 317.6% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 34,067 shares of the real estate investment trust's stock worth $1,228,000 after acquiring an additional 25,909 shares during the period. Los Angeles Capital Management LLC boosted its holdings in shares of STAG Industrial by 314.5% in the third 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 acquiring an additional 110,410 shares in the last quarter. Finally, Coppell Advisory Solutions Corp. acquired a new position in shares of STAG Industrial during the first quarter valued at approximately $710,000. 88.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Evercore ISI lifted their price objective 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. Barclays dropped their price target 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. Wedbush raised their price objective on STAG Industrial from $44.00 to $45.00 and gave the stock an "outperform" rating in a research note on Monday, August 5th. Finally, Wells Fargo & Company decreased 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. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $41.13.

STAG Industrial Stock Down 0.4 %

Shares of NYSE STAG traded down $0.15 during mid-day trading on Tuesday, reaching $37.01. 1,258,748 shares of the company traded hands, compared to its average volume of 1,075,092. The company's fifty day moving average is $37.75 and its two-hundred day moving average is $37.68. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. STAG Industrial, Inc. has a fifty-two week low of $34.09 and a fifty-two week high of $41.63. The stock has a market cap of $6.74 billion, a PE ratio of 37.38 and a beta of 1.09.

STAG Industrial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.1233 per share. This represents a $1.48 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial's dividend payout ratio (DPR) is 149.49%.

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.