LDR Capital Management LLC Acquires 3,346 Shares of STAG Industrial, Inc. (NYSE:STAG)

LDR Capital Management LLC raised its stake in STAG Industrial, Inc. (NYSE:STAG) by 5.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,564 shares of the real estate investment trust’s stock after acquiring an additional 3,346 shares during the quarter. STAG Industrial makes up approximately 2.3% of LDR Capital Management LLC’s investment portfolio, making the stock its 17th largest position. LDR Capital Management LLC’s holdings in STAG Industrial were worth $2,545,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its stake in shares of STAG Industrial by 18.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 229,251 shares of the real estate investment trust’s stock valued at $8,267,000 after acquiring an additional 36,337 shares during the last quarter. Ceredex Value Advisors LLC bought a new position in STAG Industrial in the second quarter valued at about $13,188,000. Van Lanschot Kempen Investment Management N.V. raised its position in STAG Industrial by 1.5% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 421,287 shares of the real estate investment trust’s stock valued at $15,192,000 after purchasing an additional 6,214 shares during the last quarter. Everhart Financial Group Inc. boosted its stake in shares of STAG Industrial by 35.0% during the second quarter. Everhart Financial Group Inc. now owns 17,604 shares of the real estate investment trust’s stock valued at $635,000 after purchasing an additional 4,568 shares in the last quarter. Finally, &PARTNERS bought a new stake in shares of STAG Industrial during the second quarter worth about $502,000. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on STAG. Barclays raised their price objective on shares of STAG Industrial from $38.00 to $42.00 and gave the company an “equal weight” rating in a report on Wednesday, August 14th. Wedbush lifted their price target on shares of STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, BNP Paribas started coverage on shares of STAG Industrial in a research note on Tuesday, June 4th. They issued a “neutral” rating and a $39.00 price objective on the stock. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $40.63.

STAG Industrial Trading Down 0.1 %

Shares of NYSE:STAG traded down $0.05 during trading on Tuesday, reaching $40.18. The stock had a trading volume of 551,833 shares, compared to its average volume of 1,098,957. STAG Industrial, Inc. has a 52 week low of $31.69 and a 52 week high of $41.63. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.60 and a current ratio of 1.60. The firm’s fifty day moving average is $38.32 and its 200 day moving average is $37.12. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 40.18, a P/E/G ratio of 4.13 and a beta of 1.09.

STAG Industrial Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were issued a dividend of $0.1233 per share. This is an increase from STAG Industrial’s previous dividend of $0.12. This represents a yield of 3.63%. The ex-dividend date of this dividend was Wednesday, July 31st. STAG Industrial’s dividend payout ratio (DPR) is presently 148.00%.

Insiders Place Their Bets

In other STAG Industrial news, Director Benjamin S. Butcher sold 34,000 shares of STAG Industrial stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $40.78, for a total value of $1,386,520.00. Following the completion of the sale, the director now directly owns 8,758 shares in the company, valued at $357,151.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Benjamin S. Butcher sold 30,000 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $34.81, for a total transaction of $1,044,300.00. Following the transaction, the director now owns 8,304 shares in the company, valued at $289,062.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Benjamin S. Butcher sold 34,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $40.78, for a total value of $1,386,520.00. Following the completion of the sale, the director now owns 8,758 shares of the company’s stock, valued at $357,151.24. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

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.