B. Riley Wealth Advisors Inc. Has $369,000 Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

B. Riley Wealth Advisors Inc. raised its holdings in STAG Industrial, Inc. (NYSE:STAGFree Report) by 8.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,666 shares of the real estate investment trust’s stock after acquiring an additional 811 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in STAG Industrial were worth $369,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in STAG. Eagle Bay Advisors LLC acquired a new stake in shares of STAG Industrial in the second quarter worth $27,000. Fifth Third Bancorp increased its position in STAG Industrial by 121.3% during the third quarter. Fifth Third Bancorp now owns 905 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 496 shares during the period. Rational Advisors LLC bought a new position in STAG Industrial during the third quarter worth $42,000. IFP Advisors Inc increased its position in STAG Industrial by 52.6% during the second quarter. IFP Advisors Inc now owns 1,401 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 483 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in STAG Industrial by 304.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,625 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 1,223 shares during the period. 88.68% of the stock is currently owned by institutional investors and hedge funds.

STAG Industrial Trading Up 1.3 %

Shares of STAG Industrial stock opened at $38.28 on Friday. The firm has a market capitalization of $6.96 billion, a PE ratio of 35.44, a price-to-earnings-growth ratio of 5.22 and a beta of 1.02. 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 company’s fifty day moving average price is $37.79 and its two-hundred day moving average price is $36.57. STAG Industrial, Inc. has a 52-week low of $31.64 and a 52-week high of $39.61.

STAG Industrial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be issued a $0.1233 dividend. This represents a $1.48 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Wednesday, March 27th. STAG Industrial’s dividend payout ratio (DPR) is presently 137.04%.

Wall Street Analyst Weigh In

STAG has been the topic of a number of research reports. Royal Bank of Canada boosted their target price 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. Robert W. Baird reaffirmed a “neutral” rating and set a $41.00 target price (up previously from $38.00) on shares of STAG Industrial in a research report on Friday, January 5th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, STAG Industrial currently has a consensus rating of “Hold” and a consensus target price of $38.50.

View Our Latest Report on STAG Industrial

About STAG Industrial

(Free Report)

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.

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Institutional Ownership by Quarter for STAG Industrial (NYSE:STAG)

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