Verdence Capital Advisors LLC Purchases 301 Shares of STAG Industrial, Inc. (NYSE:STAG)

Verdence Capital Advisors LLC lifted its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,670 shares of the real estate investment trust’s stock after purchasing an additional 301 shares during the period. Verdence Capital Advisors LLC’s holdings in STAG Industrial were worth $340,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Ipswich Investment Management Co. Inc. increased its stake in shares of STAG Industrial by 10.3% during the fourth quarter. Ipswich Investment Management Co. Inc. now owns 23,046 shares of the real estate investment trust’s stock worth $905,000 after purchasing an additional 2,160 shares during the period. Xponance Inc. increased its stake in shares of STAG Industrial by 1.6% during the fourth quarter. Xponance Inc. now owns 21,838 shares of the real estate investment trust’s stock worth $857,000 after purchasing an additional 338 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of STAG Industrial by 788.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 669,393 shares of the real estate investment trust’s stock worth $26,281,000 after purchasing an additional 594,076 shares during the period. Sfmg LLC bought a new position in shares of STAG Industrial during the fourth quarter worth approximately $206,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of STAG Industrial by 1.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 105,811 shares of the real estate investment trust’s stock worth $4,154,000 after purchasing an additional 1,915 shares during the period. Institutional investors own 88.67% of the company’s stock.

STAG Industrial Trading Up 0.2 %

Shares of STAG stock opened at $35.41 on Wednesday. The stock’s fifty day moving average price is $37.45 and its two-hundred day moving average price is $36.84. The company has a market cap of $6.44 billion, a PE ratio of 32.79, a P/E/G ratio of 4.99 and a beta of 1.02. STAG Industrial, Inc. has a fifty-two week low of $31.69 and a fifty-two week high of $39.61. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.79 and a current ratio of 1.79.

STAG Industrial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.1233 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Friday, June 28th. STAG Industrial’s dividend payout ratio is presently 137.04%.

Wall Street Analyst Weigh In

STAG has been the topic of a number of analyst reports. Royal Bank of Canada increased their price target on STAG Industrial from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Friday, February 16th. BMO Capital Markets reissued an “outperform” rating and set a $42.00 price target (up previously from $41.00) on shares of STAG Industrial in a research report on Monday, April 8th. Robert W. Baird reissued a “neutral” rating and set a $41.00 price target (up previously from $38.00) on shares of STAG Industrial in a research report on Friday, January 5th. Finally, Barclays initiated coverage on STAG Industrial in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $39.13.

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.