International Assets Investment Management LLC Acquires 113,986 Shares of STAG Industrial, Inc. (NYSE:STAG)

International Assets Investment Management LLC grew its holdings in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 3,828.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,963 shares of the real estate investment trust's stock after purchasing an additional 113,986 shares during the period. International Assets Investment Management LLC owned about 0.06% of STAG Industrial worth $4,572,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. State of Michigan Retirement System increased its position in STAG Industrial by 2.3% in the 1st quarter. State of Michigan Retirement System now owns 44,600 shares of the real estate investment trust's stock worth $1,714,000 after purchasing an additional 1,000 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of STAG Industrial by 0.6% in the 1st quarter. State of Alaska Department of Revenue now owns 106,387 shares of the real estate investment trust's stock valued at $4,089,000 after purchasing an additional 637 shares during the last quarter. Van ECK Associates Corp increased its position in STAG Industrial by 3.7% during the first quarter. Van ECK Associates Corp now owns 75,726 shares of the real estate investment trust's stock worth $2,911,000 after buying an additional 2,724 shares during the last quarter. Retirement Systems of Alabama raised its holdings in STAG Industrial by 0.3% during the first quarter. Retirement Systems of Alabama now owns 228,008 shares of the real estate investment trust's stock valued at $8,765,000 after buying an additional 600 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of STAG Industrial in the first quarter worth about $256,000. 88.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on STAG shares. Barclays lowered their price objective 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 boosted their price objective on shares of STAG Industrial from $44.00 to $45.00 and gave the stock an "outperform" rating in a research note on Monday, August 5th. Evercore ISI raised their target price 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. Finally, Wells Fargo & Company upped their price target on shares of STAG Industrial from $37.00 to $41.00 and gave the company an "equal weight" rating in a report on Wednesday, August 28th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, STAG Industrial presently has an average rating of "Hold" and a consensus target price of $41.50.

STAG Industrial Stock Performance

Shares of STAG traded down $0.41 during trading hours on Friday, reaching $36.87. 870,217 shares of the company traded hands, compared to its average volume of 1,003,646. STAG Industrial, Inc. has a 1-year low of $33.99 and a 1-year high of $41.63. The stock has a market cap of $6.72 billion, a P/E ratio of 37.24 and a beta of 1.09. The stock's fifty day moving average is $38.77 and its 200 day moving average is $37.44. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.60 and a current ratio of 1.42.

STAG Industrial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.1233 per share. This represents a $1.48 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial's payout ratio is presently 149.49%.

STAG Industrial 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.