FORA Capital LLC Purchases 11,707 Shares of STAG Industrial, Inc. (NYSE:STAG)

FORA Capital LLC grew its position in STAG Industrial, Inc. (NYSE:STAG) by 130.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,705 shares of the real estate investment trust’s stock after acquiring an additional 11,707 shares during the quarter. FORA Capital LLC’s holdings in STAG Industrial were worth $809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of STAG. Price T Rowe Associates Inc. MD raised its position in shares of STAG Industrial by 4.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 107,323 shares of the real estate investment trust’s stock valued at $4,126,000 after buying an additional 4,577 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in shares of STAG Industrial by 4.6% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 10,666 shares of the real estate investment trust’s stock valued at $410,000 after purchasing an additional 470 shares during the last quarter. Atria Investments Inc purchased a new position in shares of STAG Industrial in the 1st quarter worth approximately $1,024,000. Cetera Investment Advisers boosted its holdings in shares of STAG Industrial by 763.9% in the 1st quarter. Cetera Investment Advisers now owns 70,788 shares of the real estate investment trust’s stock worth $2,721,000 after purchasing an additional 62,594 shares during the period. Finally, Cetera Advisors LLC increased its position in shares of STAG Industrial by 1.0% during the 1st quarter. Cetera Advisors LLC now owns 40,380 shares of the real estate investment trust’s stock valued at $1,552,000 after purchasing an additional 409 shares during the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

STAG Industrial Stock Up 0.9 %

STAG Industrial stock opened at $37.34 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87. The firm has a market cap of $6.80 billion, a P/E ratio of 37.72 and a beta of 1.09. The business has a fifty day moving average of $37.65 and a two-hundred day moving average of $37.69. STAG Industrial, Inc. has a twelve month low of $34.09 and a twelve month high of $41.63.

STAG Industrial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.1233 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial’s dividend payout ratio is currently 149.49%.

Analysts Set New Price Targets

Several research firms have commented on STAG. Barclays dropped their price objective on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Wedbush upped their price target on shares of STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Wells Fargo & Company decreased their price objective on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Finally, Evercore ISI upped their target price on STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $41.13.

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.