Bailard Inc. Makes New $850,000 Investment in STAG Industrial, Inc. (NYSE:STAG)

Bailard Inc. bought a new stake in STAG Industrial, Inc. (NYSE:STAG) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 21,654 shares of the real estate investment trust’s stock, valued at approximately $850,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System purchased a new position in STAG Industrial in the fourth quarter valued at about $2,002,000. International Assets Investment Management LLC lifted its stake in shares of STAG Industrial by 3,860.5% during the 4th quarter. International Assets Investment Management LLC now owns 114,816 shares of the real estate investment trust’s stock valued at $4,508,000 after buying an additional 111,917 shares in the last quarter. Sei Investments Co. lifted its stake in shares of STAG Industrial by 11.8% during the 3rd quarter. Sei Investments Co. now owns 501,596 shares of the real estate investment trust’s stock valued at $17,310,000 after buying an additional 53,109 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its stake in shares of STAG Industrial by 132.7% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 313,626 shares of the real estate investment trust’s stock valued at $10,823,000 after buying an additional 178,846 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its stake in shares of STAG Industrial by 5.3% during the 4th quarter. New York State Teachers Retirement System now owns 38,605 shares of the real estate investment trust’s stock valued at $1,516,000 after buying an additional 1,936 shares in the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

STAG has been the topic of a number of recent research reports. Barclays initiated coverage on shares of STAG Industrial in a research note on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 price target on the stock. Robert W. Baird restated a “neutral” rating and set a $41.00 price target (up from $38.00) on shares of STAG Industrial in a research note on Friday, January 5th. Royal Bank of Canada upped their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, February 16th. Finally, BMO Capital Markets restated an “outperform” rating and set a $42.00 price target (up from $41.00) on shares of STAG Industrial in a research note on Monday, April 8th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $39.13.

STAG Industrial Stock Performance

NYSE STAG opened at $34.48 on Friday. STAG Industrial, Inc. has a 1 year low of $31.69 and a 1 year high of $39.61. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a market capitalization of $6.27 billion, a PE ratio of 31.93, a P/E/G ratio of 4.88 and a beta of 1.02. The company’s 50 day simple moving average is $37.20 and its two-hundred day simple moving average is $36.81.

STAG Industrial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.1233 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date is Friday, June 28th. STAG Industrial’s payout ratio is 137.04%.

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.