Fore Capital LLC Purchases New Holdings in STAG Industrial, Inc. (NYSE:STAG)

Fore Capital LLC acquired a new position in STAG Industrial, Inc. (NYSE:STAG) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,000 shares of the real estate investment trust’s stock, valued at approximately $361,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Spire Wealth Management increased its holdings in shares of STAG Industrial by 124.1% during the fourth quarter. Spire Wealth Management now owns 688 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 381 shares in the last quarter. Private Advisor Group LLC purchased a new position in STAG Industrial in the fourth quarter worth about $235,000. Principal Securities Inc. bought a new position in shares of STAG Industrial in the fourth quarter worth approximately $55,000. BNP Paribas Financial Markets grew its holdings in shares of STAG Industrial by 219.5% during the fourth quarter. BNP Paribas Financial Markets now owns 105,582 shares of the real estate investment trust’s stock valued at $4,145,000 after buying an additional 72,535 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of STAG Industrial by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,660,590 shares of the real estate investment trust’s stock valued at $104,456,000 after acquiring an additional 39,739 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

Insider Buying and Selling at STAG Industrial

In other news, Director Benjamin S. Butcher sold 34,000 shares of the business’s stock in a transaction on 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 transaction, the director now owns 8,758 shares of the company’s stock, valued at $357,151.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on STAG. BNP Paribas began coverage on STAG Industrial in a research note on Tuesday, June 4th. They set a “neutral” rating and a $39.00 target price on the stock. Barclays lifted their price objective on STAG Industrial from $38.00 to $42.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 14th. Evercore ISI upped their target price on shares of STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Wells Fargo & Company boosted their price objective on shares of STAG Industrial from $37.00 to $41.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. Finally, Wedbush increased their price objective on shares of STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $41.22.

STAG Industrial Trading Up 0.4 %

Shares of STAG stock opened at $39.69 on Wednesday. The stock has a fifty day simple moving average of $39.21 and a two-hundred day simple moving average of $37.23. STAG Industrial, Inc. has a 52-week low of $31.69 and a 52-week high of $41.63. The firm has a market capitalization of $7.23 billion, a PE ratio of 39.69, a PEG ratio of 4.05 and a beta of 1.09. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.60 and a current ratio of 1.60.

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 paid a $0.1233 dividend. This represents a yield of 3.63%. This is an increase from STAG Industrial’s previous dividend of $0.12. The ex-dividend date was Wednesday, July 31st. STAG Industrial’s dividend payout ratio is presently 148.00%.

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.