STAG Industrial, Inc. (NYSE:STAG) Shares Purchased by Vert Asset Management LLC

Vert Asset Management LLC grew its position in STAG Industrial, Inc. (NYSE:STAG) by 5.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,516 shares of the real estate investment trust’s stock after purchasing an additional 3,948 shares during the quarter. STAG Industrial makes up 0.9% of Vert Asset Management LLC’s investment portfolio, making the stock its 27th largest position. Vert Asset Management LLC’s holdings in STAG Industrial were worth $2,689,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of STAG. UMB Bank n.a. boosted its position in shares of STAG Industrial by 54.1% in the 3rd quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 306 shares during the period. Sugar Maple Asset Management LLC purchased a new stake in shares of STAG Industrial in the fourth quarter valued at about $43,000. Coastline Trust Co purchased a new position in shares of STAG Industrial during the third quarter worth about $55,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in STAG Industrial during the 2nd quarter worth approximately $57,000. Finally, GAMMA Investing LLC raised its stake in shares of STAG Industrial by 72.7% during the third quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 659 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

STAG Industrial Trading Up 0.7 %

NYSE STAG opened at $34.66 on Tuesday. STAG Industrial, Inc. has a 12 month low of $32.27 and a 12 month high of $41.63. The company has a 50-day moving average of $34.85 and a 200-day moving average of $37.42. The company has a market cap of $6.31 billion, a P/E ratio of 35.01 and a beta of 1.09. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42.

STAG Industrial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.1242 per share. The ex-dividend date is Monday, March 31st. This represents a $1.49 annualized dividend and a yield of 4.30%. STAG Industrial’s dividend payout ratio is presently 149.49%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on STAG shares. Barclays dropped their price target on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Wells Fargo & Company decreased their target price on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Raymond James raised their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada reduced their price target on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research report on Monday. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.75.

STAG Industrial Company Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.