STAG Industrial, Inc. (NYSE:STAG) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. grew its stake in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 187.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 97,875 shares of the real estate investment trust's stock after purchasing an additional 63,808 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.05% of STAG Industrial worth $3,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in STAG Industrial in the first quarter worth approximately $3,222,000. Centersquare Investment Management LLC lifted its position in STAG Industrial by 24.9% in the first quarter. Centersquare Investment Management LLC now owns 129,800 shares of the real estate investment trust's stock valued at $4,990,000 after buying an additional 25,844 shares during the last quarter. Westfield Capital Management Co. LP increased its holdings in STAG Industrial by 12.3% in the 1st quarter. Westfield Capital Management Co. LP now owns 967,485 shares of the real estate investment trust's stock valued at $37,190,000 after purchasing an additional 106,217 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of STAG Industrial by 763.9% during the first quarter. Cetera Investment Advisers now owns 70,788 shares of the real estate investment trust's stock worth $2,721,000 after buying an additional 62,594 shares during the period. Finally, Earnest Partners LLC grew its stake in shares of STAG Industrial by 2.2% in the second quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust's stock valued at $131,727,000 after buying an additional 78,189 shares in the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on STAG shares. Barclays decreased their target price on 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. Evercore ISI increased their price target on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 28th. Wedbush lifted their price objective on shares of STAG Industrial from $44.00 to $45.00 and gave the company an "outperform" rating in a report on Monday, August 5th. Finally, Wells Fargo & Company reduced their target price on shares of STAG Industrial from $41.00 to $38.00 and set an "equal weight" rating on the stock in a report on Monday. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $41.13.

STAG Industrial Stock Down 0.2 %

STAG Industrial stock traded down $0.06 during trading on Monday, reaching $36.81. The stock had a trading volume of 804,177 shares, compared to its average volume of 1,067,249. The company has a quick ratio of 1.60, a current ratio of 1.42 and a debt-to-equity ratio of 0.87. STAG Industrial, Inc. has a 52-week low of $33.99 and a 52-week high of $41.63. The stock has a market cap of $6.71 billion, a PE ratio of 37.18 and a beta of 1.09. The business has a 50 day moving average price of $38.77 and a 200 day moving average price of $37.47.

STAG Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid 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 4.02%. STAG Industrial's payout ratio 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.