Mount Yale Investment Advisors LLC Acquires 1,369 Shares of STAG Industrial, Inc. (NYSE:STAG)

Mount Yale Investment Advisors LLC lifted its stake in STAG Industrial, Inc. (NYSE:STAG) by 17.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,262 shares of the real estate investment trust’s stock after acquiring an additional 1,369 shares during the period. Mount Yale Investment Advisors LLC’s holdings in STAG Industrial were worth $313,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. UMB Bank n.a. increased its holdings in STAG Industrial by 54.1% in the 3rd 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. Sugar Maple Asset Management LLC bought a new position in shares of STAG Industrial during the 4th quarter worth about $43,000. Coastline Trust Co acquired a new stake in shares of STAG Industrial during the 3rd quarter valued at about $55,000. GAMMA Investing LLC increased its stake in STAG Industrial by 72.7% in the third quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 659 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in STAG Industrial in the second quarter worth about $57,000. Institutional investors own 88.67% of the company’s stock.

Wall Street Analysts Forecast Growth

STAG has been the topic of several analyst reports. Raymond James upped their price objective on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Royal Bank of Canada lowered their price target on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Monday. Barclays dropped their price objective on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, Wells Fargo & Company reduced their target price on shares of 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. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.38.

STAG Industrial Stock Down 1.4 %

Shares of NYSE STAG opened at $33.91 on Thursday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87. The company has a market cap of $6.18 billion, a price-to-earnings ratio of 34.26 and a beta of 1.09. STAG Industrial, Inc. has a 12-month low of $32.27 and a 12-month high of $41.63. The firm’s 50-day simple moving average is $34.77 and its 200 day simple moving average is $37.38.

STAG Industrial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.1242 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date is Monday, March 31st. STAG Industrial’s dividend payout ratio is currently 149.49%.

STAG Industrial Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.