Fmr LLC Boosts Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

FMR LLC increased its stake in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 145.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,936,107 shares of the real estate investment trust's stock after acquiring an additional 4,111,268 shares during the quarter. FMR LLC owned about 3.81% of STAG Industrial worth $271,132,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can increased its holdings in STAG Industrial by 330.5% in the third quarter. Bank of Montreal Can now owns 1,346,149 shares of the real estate investment trust's stock worth $52,823,000 after purchasing an additional 1,033,485 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of STAG Industrial during the 3rd quarter valued at $244,000. Daiwa Securities Group Inc. boosted its stake in STAG Industrial by 16.0% during the third quarter. Daiwa Securities Group Inc. now owns 242,533 shares of the real estate investment trust's stock worth $9,481,000 after acquiring an additional 33,531 shares in the last quarter. Westfield Capital Management Co. LP grew its holdings in 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 purchasing an additional 442,618 shares during the period. Finally, Cerity Partners LLC increased its stake in STAG Industrial by 32.7% in the third quarter. Cerity Partners LLC now owns 18,774 shares of the real estate investment trust's stock valued at $734,000 after purchasing an additional 4,629 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on STAG. Wells Fargo & Company reduced their target price on STAG Industrial from $41.00 to $38.00 and set an "equal weight" rating for the company in a research note on Monday, November 4th. Evercore ISI boosted their price target on shares of STAG Industrial from $43.00 to $44.00 and gave the company an "outperform" rating in a research note on Wednesday, August 28th. Barclays dropped their price objective on shares of STAG Industrial from $42.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Monday, October 28th. Finally, Wedbush raised their price target on shares of STAG Industrial from $44.00 to $45.00 and gave the company an "outperform" rating in a research report on Monday, August 5th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, STAG Industrial presently has a consensus rating of "Hold" and an average target price of $41.13.

STAG Industrial Stock Down 1.0 %

STAG Industrial stock traded down $0.36 during midday trading on Monday, hitting $36.43. 392,036 shares of the stock were exchanged, compared to its average volume of 1,069,093. 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 capitalization of $6.64 billion, a price-to-earnings ratio of 37.01 and a beta of 1.09. STAG Industrial, Inc. has a 52-week low of $34.09 and a 52-week high of $41.63. The business's 50-day moving average price is $37.55 and its 200-day moving average price is $37.72.

STAG Industrial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.1233 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 4.06%. STAG Industrial's dividend payout ratio (DPR) is currently 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.