Point72 DIFC Ltd Takes $717,000 Position in STAG Industrial, Inc. (NYSE:STAG)

Point72 DIFC Ltd bought a new position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 18,330 shares of the real estate investment trust's stock, valued at approximately $717,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in STAG. Centerpoint Advisors LLC acquired a new stake in shares of STAG Industrial during the 2nd quarter worth $25,000. UMB Bank n.a. grew its stake in STAG Industrial by 54.1% during the third quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust's stock worth $34,000 after buying an additional 306 shares in the last quarter. GAMMA Investing LLC increased its holdings in STAG Industrial by 56.1% in the 2nd quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 326 shares during the period. Wetzel Investment Advisors Inc. acquired a new position in shares of STAG Industrial in the 2nd quarter valued at approximately $38,000. Finally, Blue Trust Inc. lifted its holdings in shares of STAG Industrial by 1,728.4% during the 2nd quarter. Blue Trust Inc. now owns 1,353 shares of the real estate investment trust's stock worth $52,000 after acquiring an additional 1,279 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

STAG Industrial Price Performance

STAG traded down $0.14 on Friday, reaching $35.79. The stock had a trading volume of 879,360 shares, compared to its average volume of 1,073,371. The firm has a 50-day moving average of $37.30 and a 200-day moving average of $37.70. STAG Industrial, Inc. has a fifty-two week low of $34.09 and a fifty-two week high of $41.63. The company has a market capitalization of $6.52 billion, a price-to-earnings ratio of 36.29 and a beta of 1.07. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87.

STAG Industrial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.1233 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 4.14%. STAG Industrial's dividend payout ratio is presently 149.49%.

Wall Street Analysts Forecast Growth

STAG has been the subject of several recent analyst reports. Evercore ISI upped their target price on 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 objective on STAG Industrial from $42.00 to $40.00 and set an "equal weight" rating for the company in a research report on Monday, October 28th. 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 research report on Monday, November 4th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, STAG Industrial currently has an average rating of "Hold" and a consensus target price of $41.13.

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.