Y Intercept Hong Kong Ltd Has $1.07 Million Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Y Intercept Hong Kong Ltd grew its holdings in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 111.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,363 shares of the real estate investment trust's stock after purchasing an additional 14,427 shares during the period. Y Intercept Hong Kong Ltd's holdings in STAG Industrial were worth $1,070,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Point72 DIFC Ltd bought a new stake in STAG Industrial during the third quarter worth $717,000. BNP Paribas Financial Markets raised its holdings in shares of STAG Industrial by 169.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 132,412 shares of the real estate investment trust's stock valued at $5,176,000 after purchasing an additional 83,296 shares during the period. Earnest Partners LLC lifted its stake in STAG Industrial by 2.2% in the 2nd quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust's stock valued at $131,727,000 after purchasing an additional 78,189 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in STAG Industrial by 314.5% during the third quarter. Los Angeles Capital Management LLC now owns 145,520 shares of the real estate investment trust's stock worth $5,688,000 after purchasing an additional 110,410 shares during the period. Finally, Foresight Group Ltd Liability Partnership increased its position in STAG Industrial by 17.2% during the second quarter. Foresight Group Ltd Liability Partnership now owns 128,963 shares of the real estate investment trust's stock worth $4,650,000 after buying an additional 18,894 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Barclays reduced their target price on STAG Industrial from $42.00 to $40.00 and set an "equal weight" rating for the company in a research note on Monday, October 28th. Wells Fargo & Company lowered their target price on STAG Industrial from $41.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Monday, November 4th. Evercore ISI upped their price objective on STAG Industrial from $43.00 to $44.00 and gave the company an "outperform" rating in a report on Wednesday, August 28th. Finally, Raymond James upped their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $41.00.

STAG Industrial Price Performance

NYSE:STAG traded up $0.29 during mid-day trading on Friday, reaching $35.93. The stock had a trading volume of 1,334,907 shares, compared to its average volume of 1,071,250. The stock has a 50-day simple moving average of $37.04 and a two-hundred day simple moving average of $37.71. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. STAG Industrial, Inc. has a 12 month low of $34.09 and a 12 month high of $41.63. The stock has a market capitalization of $6.55 billion, a PE ratio of 36.02 and a beta of 1.07.

STAG Industrial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.1233 per share. This represents a $1.48 annualized dividend and a yield of 4.12%. The ex-dividend date is Tuesday, December 31st. STAG Industrial's payout ratio is 149.49%.

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.