Anchor Capital Advisors LLC Boosts Stake in STAG Industrial, Inc. (NYSE:STAG)

Anchor Capital Advisors LLC boosted its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 17.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,799 shares of the real estate investment trust’s stock after buying an additional 4,787 shares during the period. Anchor Capital Advisors LLC’s holdings in STAG Industrial were worth $1,288,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in STAG. Fifth Third Bancorp grew its position in STAG Industrial by 31.4% in the fourth quarter. Fifth Third Bancorp now owns 1,189 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 284 shares in the last quarter. Ipswich Investment Management Co. Inc. boosted its holdings in shares of STAG Industrial by 1.5% in the 3rd quarter. Ipswich Investment Management Co. Inc. now owns 20,886 shares of the real estate investment trust’s stock worth $721,000 after purchasing an additional 300 shares during the period. Verdence Capital Advisors LLC increased its position in shares of STAG Industrial by 3.6% during the 4th quarter. Verdence Capital Advisors LLC now owns 8,670 shares of the real estate investment trust’s stock valued at $340,000 after purchasing an additional 301 shares during the last quarter. Metis Global Partners LLC raised its holdings in STAG Industrial by 3.0% during the 3rd quarter. Metis Global Partners LLC now owns 10,534 shares of the real estate investment trust’s stock valued at $364,000 after buying an additional 311 shares during the period. Finally, Cornercap Investment Counsel Inc. lifted its position in STAG Industrial by 1.2% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 27,263 shares of the real estate investment trust’s stock worth $1,070,000 after buying an additional 324 shares during the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Analyst Ratings Changes

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

STAG Industrial Stock Performance

Shares of NYSE STAG traded down $0.13 during mid-day trading on Tuesday, hitting $34.52. The stock had a trading volume of 185,089 shares, compared to its average volume of 1,131,509. The firm has a market cap of $6.28 billion, a PE ratio of 31.76, a PEG ratio of 4.87 and a beta of 1.02. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.79 and a current ratio of 1.79. The company has a 50 day moving average of $37.11 and a two-hundred day moving average of $36.83. STAG Industrial, Inc. has a twelve month low of $31.69 and a twelve month high of $39.61.

STAG Industrial Announces Dividend

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

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.