XTX Topco Ltd Buys New Position in STAG Industrial, Inc. (NYSE:STAG)

XTX Topco Ltd purchased a new stake in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 28,297 shares of the real estate investment trust's stock, valued at approximately $1,106,000.

Other institutional investors have also recently made changes to their positions in the company. Centerpoint Advisors LLC bought a new stake in shares of STAG Industrial in the 2nd quarter worth $25,000. UMB Bank n.a. grew its position 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 valued at $34,000 after buying an additional 306 shares during the period. GAMMA Investing LLC grew its position in STAG Industrial by 56.1% during the second 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. bought a new position in STAG Industrial during the second quarter valued at about $38,000. Finally, Blue Trust Inc. grew its position in STAG Industrial by 1,728.4% during the second quarter. Blue Trust Inc. now owns 1,353 shares of the real estate investment trust's stock valued at $52,000 after buying an additional 1,279 shares during the period. Institutional investors own 88.67% of the company's stock.

Wall Street Analysts Forecast Growth

STAG has been the subject of several research reports. Barclays reduced their price target on shares of 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. Wells Fargo & Company dropped their price objective 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, Evercore ISI upped their price objective on shares of STAG Industrial from $43.00 to $44.00 and gave the company an "outperform" rating in a report on Wednesday, August 28th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $41.13.

STAG Industrial Price Performance

Shares of STAG Industrial stock traded down $0.55 on Tuesday, reaching $36.08. The stock had a trading volume of 608,761 shares, compared to its average volume of 1,071,606. STAG Industrial, Inc. has a 1 year low of $34.09 and a 1 year high of $41.63. The company has a market cap of $6.57 billion, a P/E ratio of 36.98 and a beta of 1.08. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87. The business's 50 day moving average is $37.19 and its two-hundred day moving average is $37.73.

STAG Industrial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.1233 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial's payout ratio is 149.49%.

About STAG Industrial

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.