Atria Investments Inc Acquires 414 Shares of STAG Industrial, Inc. (NYSE:STAG)

Atria Investments Inc increased its holdings in STAG Industrial, Inc. (NYSE:STAG) by 1.6% in the third quarter, Holdings Channel.com reports. The firm owned 26,428 shares of the real estate investment trust’s stock after acquiring an additional 414 shares during the period. Atria Investments Inc’s holdings in STAG Industrial were worth $1,033,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Cetera Investment Advisers grew its stake in shares of STAG Industrial by 763.9% during the first quarter. Cetera Investment Advisers now owns 70,788 shares of the real estate investment trust’s stock valued at $2,721,000 after buying an additional 62,594 shares during the last quarter. Earnest Partners LLC increased 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 worth $131,727,000 after purchasing an additional 78,189 shares during the period. Harbor Capital Advisors Inc. lifted its position in STAG Industrial by 317.6% in the second quarter. Harbor Capital Advisors Inc. now owns 34,067 shares of the real estate investment trust’s stock valued at $1,228,000 after purchasing an additional 25,909 shares during the last quarter. Coppell Advisory Solutions Corp. bought a new stake in STAG Industrial in the first quarter valued at approximately $710,000. Finally, Foresight Group Ltd Liability Partnership grew its holdings in shares of STAG Industrial by 17.2% in 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 purchasing an additional 18,894 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Evercore ISI upped their price target 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. Barclays lowered their price objective on shares of 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 cut 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. Finally, Wedbush upped their price target on STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $41.13.

STAG Industrial Price Performance

STAG stock opened at $36.21 on Monday. 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 1 year low of $34.09 and a 1 year high of $41.63. The firm has a 50-day moving average of $38.14 and a 200 day moving average of $37.63. The company has a market cap of $6.60 billion, a P/E ratio of 36.58 and a beta of 1.09.

STAG Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.1233 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.09%. The ex-dividend date is Tuesday, December 31st. STAG Industrial’s dividend payout ratio is currently 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.