Quest Partners LLC Takes $566,000 Position in STAG Industrial, Inc. (NYSE:STAG)

Quest Partners LLC acquired a new stake in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 14,471 shares of the real estate investment trust's stock, valued at approximately $566,000.

Other large investors have also bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp lifted its position in STAG Industrial by 40.1% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 9,649 shares of the real estate investment trust's stock valued at $363,000 after acquiring an additional 2,760 shares in the last quarter. Covestor Ltd increased its holdings in STAG Industrial by 237.6% in the 1st quarter. Covestor Ltd now owns 1,148 shares of the real estate investment trust's stock worth $44,000 after buying an additional 808 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in STAG Industrial by 42.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 13,756 shares of the real estate investment trust's stock valued at $529,000 after acquiring an additional 4,088 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of STAG Industrial by 4.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 107,323 shares of the real estate investment trust's stock valued at $4,126,000 after acquiring an additional 4,577 shares during the last quarter. Finally, BROOKFIELD Corp ON raised its holdings in shares of STAG Industrial by 5.9% during the first quarter. BROOKFIELD Corp ON now owns 14,423 shares of the real estate investment trust's stock valued at $554,000 after purchasing an additional 798 shares during the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

STAG has been the subject of a number of research reports. Wedbush boosted their target price on shares of STAG Industrial from $44.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, August 5th. Evercore ISI boosted their price target on STAG Industrial from $43.00 to $44.00 and gave the company an "outperform" rating in a research note on Wednesday, August 28th. Barclays lowered 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, Wells Fargo & Company reduced their target price on shares of STAG Industrial from $41.00 to $38.00 and set an "equal weight" rating for the company in a report on Monday, November 4th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $41.13.

STAG Industrial Price Performance

Shares of STAG Industrial stock traded up $0.36 during trading hours on Friday, hitting $36.48. The company's stock had a trading volume of 1,365,669 shares, compared to its average volume of 1,115,454. The company has a market cap of $6.65 billion, a PE ratio of 36.85 and a beta of 1.09. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. The business has a 50 day moving average price of $37.81 and a two-hundred day moving average price of $37.64. STAG Industrial, Inc. has a 12-month low of $34.09 and a 12-month high of $41.63.

STAG Industrial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.1233 per share. This represents a $1.48 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend is Tuesday, December 31st. 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.