Wolverine Asset Management LLC Takes $1.07 Million Position in STAG Industrial, Inc. (NYSE:STAG)

Wolverine Asset Management LLC bought a new stake in STAG Industrial, Inc. (NYSE:STAG - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 27,262 shares of the real estate investment trust's stock, valued at approximately $1,066,000.

Other institutional investors have also recently made changes to their positions in the company. J.Safra Asset Management Corp increased its stake in STAG Industrial by 708.5% in the first quarter. J.Safra Asset Management Corp now owns 663 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 581 shares during the period. Centerpoint Advisors LLC bought a new stake in STAG Industrial during the 2nd quarter valued at about $25,000. UMB Bank n.a. increased its position in shares of 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 acquiring an additional 306 shares during the period. GAMMA Investing LLC boosted its holdings in shares of STAG Industrial by 56.1% in the second quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 326 shares during the period. Finally, Wetzel Investment Advisors Inc. bought a new position in STAG Industrial in the second quarter worth approximately $38,000. Institutional investors own 88.67% of the company's stock.

STAG Industrial Stock Up 1.0 %

Shares of STAG stock traded up $0.35 during mid-day trading on Wednesday, hitting $37.14. 1,695,502 shares of the stock traded hands, compared to its average volume of 1,072,778. STAG Industrial, Inc. has a 52-week low of $34.09 and a 52-week high of $41.63. The stock has a market cap of $6.77 billion, a P/E ratio of 37.52 and a beta of 1.09. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. The stock's fifty day moving average is $38.27 and its two-hundred day moving average is $37.59.

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 given a dividend of $0.1233 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 3.98%. STAG Industrial's payout ratio is 149.49%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on STAG. Evercore ISI upped their target price on STAG Industrial from $43.00 to $44.00 and gave the stock an "outperform" rating in a report on Wednesday, August 28th. Wedbush upped 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. Wells Fargo & Company dropped 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, November 4th. Finally, Barclays cut their target price on shares of STAG Industrial from $42.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Monday, October 28th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, STAG Industrial has a consensus rating of "Hold" and an average 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.