Lecap Asset Management Ltd. Takes $843,000 Position in STAG Industrial, Inc. (NYSE:STAG)

Lecap Asset Management Ltd. purchased a new position in STAG Industrial, Inc. (NYSE:STAG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,934 shares of the real estate investment trust's stock, valued at approximately $843,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in STAG. Squarepoint Ops LLC acquired a new position in shares of STAG Industrial in the 2nd quarter worth approximately $422,000. Creative Planning raised its stake in STAG Industrial by 5.3% during the second quarter. Creative Planning now owns 18,365 shares of the real estate investment trust's stock worth $662,000 after acquiring an additional 918 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of STAG Industrial during the second quarter valued at $335,000. GAMMA Investing LLC boosted its stake in shares of STAG Industrial by 72.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust's stock valued at $61,000 after purchasing an additional 659 shares in the last quarter. Finally, Atomi Financial Group Inc. bought a new stake in shares of STAG Industrial in the 3rd quarter worth about $217,000. Institutional investors own 88.67% of the company's stock.

STAG Industrial Trading Up 1.4 %

STAG traded up $0.50 during mid-day trading on Tuesday, reaching $35.19. The stock had a trading volume of 881,169 shares, compared to its average volume of 1,263,714. The firm's fifty day simple moving average is $34.36 and its two-hundred day simple moving average is $37.06. The stock has a market capitalization of $6.41 billion, a P/E ratio of 35.54 and a beta of 1.09. STAG Industrial, Inc. has a 52 week low of $32.27 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.

STAG Industrial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.1242 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.49 dividend on an annualized basis and a yield of 4.23%. STAG Industrial's payout ratio is 150.51%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on STAG. 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 report on Wednesday, December 11th. Royal Bank of Canada cut their target price on shares of STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating for the company in a research note on Monday, January 27th. Wells Fargo & Company decreased their price target on 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. Finally, Barclays cut their price objective on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $40.38.

About STAG Industrial

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.