International Assets Investment Management LLC Grows Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

International Assets Investment Management LLC increased its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 3,860.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 114,816 shares of the real estate investment trust’s stock after buying an additional 111,917 shares during the period. International Assets Investment Management LLC owned 0.06% of STAG Industrial worth $4,508,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in STAG. Eagle Bay Advisors LLC purchased a new stake in STAG Industrial during the second quarter worth $27,000. Fifth Third Bancorp boosted its holdings 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 buying an additional 496 shares in the last quarter. Rational Advisors LLC purchased a new stake in STAG Industrial during the third quarter worth $42,000. IFP Advisors Inc lifted its holdings 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 valued at $50,000 after purchasing an additional 483 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings 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 valued at $53,000 after purchasing an additional 1,223 shares in the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

STAG Industrial Price Performance

Shares of NYSE STAG opened at $35.62 on Wednesday. The firm has a 50-day simple moving average of $37.69 and a 200-day simple moving average of $36.80. The stock has a market capitalization of $6.48 billion, a price-to-earnings ratio of 32.98, a price-to-earnings-growth ratio of 5.23 and a beta of 1.02. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.76. STAG Industrial, Inc. has a 52 week low of $31.69 and a 52 week high of $39.61.

STAG Industrial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.1233 per share. This represents a $1.48 annualized dividend and a yield of 4.15%. The ex-dividend date is Friday, June 28th. STAG Industrial’s payout ratio is currently 137.04%.

About STAG Industrial

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.