56,610 Shares in STAG Industrial, Inc. (NYSE:STAG) Acquired by Pinebridge Investments L.P.

Pinebridge Investments L.P. bought a new position in STAG Industrial, Inc. (NYSE:STAGFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 56,610 shares of the real estate investment trust’s stock, valued at approximately $2,223,000.

Other institutional investors have also recently made changes to their positions in the company. Cibc World Markets Corp purchased a new stake in STAG Industrial in the 4th quarter worth approximately $2,362,000. Oppenheimer & Co. Inc. lifted its position in shares of STAG Industrial by 0.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 155,422 shares of the real estate investment trust’s stock valued at $6,102,000 after acquiring an additional 956 shares in the last quarter. Centersquare Investment Management LLC boosted its stake in shares of STAG Industrial by 8.6% in the fourth quarter. Centersquare Investment Management LLC now owns 103,956 shares of the real estate investment trust’s stock worth $4,081,000 after acquiring an additional 8,226 shares during the period. Campbell & CO Investment Adviser LLC grew its position in shares of STAG Industrial by 131.2% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 46,673 shares of the real estate investment trust’s stock worth $1,832,000 after purchasing an additional 26,489 shares in the last quarter. Finally, Shepherd Financial Partners LLC raised its stake in STAG Industrial by 1.9% during the 4th quarter. Shepherd Financial Partners LLC now owns 18,786 shares of the real estate investment trust’s stock valued at $738,000 after purchasing an additional 356 shares during the period. Institutional investors own 88.67% of the company’s stock.

STAG Industrial Stock Up 0.8 %

Shares of STAG opened at $35.16 on Friday. The firm has a market capitalization of $6.40 billion, a P/E ratio of 35.16, a P/E/G ratio of 4.93 and a beta of 1.08. STAG Industrial, Inc. has a 12-month low of $31.69 and a 12-month high of $39.61. The firm has a fifty day moving average price of $35.72 and a 200-day moving average price of $37.04. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.78.

STAG Industrial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $0.1233 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.48 dividend on an annualized basis and a yield of 4.21%. STAG Industrial’s dividend payout ratio is currently 148.00%.

Analyst Upgrades and Downgrades

STAG has been the subject of a number of research analyst reports. BNP Paribas assumed coverage on shares of STAG Industrial in a report on Tuesday. They set a “neutral” rating and a $39.00 price objective for the company. Barclays reduced their price target on shares of STAG Industrial from $40.00 to $39.00 and set an “equal weight” rating on the stock in a report on Friday, May 24th. 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, BMO Capital Markets reiterated an “outperform” rating and issued a $42.00 target price (up from $41.00) on shares of STAG Industrial in a research report on Monday, April 8th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $39.00.

Read Our Latest Report on STAG

STAG Industrial Profile

(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.

Further Reading

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

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