STAG Industrial, Inc. (NYSE:STAG) Shares Bought by Cwm LLC

Cwm LLC grew its position in STAG Industrial, Inc. (NYSE:STAG) by 17.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,438 shares of the real estate investment trust’s stock after acquiring an additional 365 shares during the period. Cwm LLC’s holdings in STAG Industrial were worth $96,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Fifth Third Bancorp raised its position in STAG Industrial by 121.3% during the third quarter. Fifth Third Bancorp now owns 905 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 496 shares during the period. Rational Advisors LLC purchased a new position in STAG Industrial in the 3rd quarter valued at about $42,000. Sound Income Strategies LLC boosted its holdings in STAG Industrial by 35.5% in the 4th quarter. Sound Income Strategies LLC now owns 1,363 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 357 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in STAG Industrial by 328.9% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,642 shares of the real estate investment trust’s stock worth $91,000 after buying an additional 2,026 shares in the last quarter. Finally, Private Trust Co. NA raised its holdings in shares of STAG Industrial by 15.5% during the fourth quarter. Private Trust Co. NA now owns 2,605 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 349 shares during the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on STAG shares. Royal Bank of Canada boosted 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. Barclays assumed coverage on shares of STAG Industrial in a report on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 target price for the company. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $42.00 price target (up from $41.00) on shares of STAG Industrial in a research note on Monday, April 8th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $39.13.

STAG Industrial Price Performance

STAG Industrial stock opened at $35.47 on Wednesday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average price of $36.72 and a 200 day moving average price of $36.88. STAG Industrial, Inc. has a 12-month low of $31.69 and a 12-month high of $39.61. The stock has a market cap of $6.46 billion, a P/E ratio of 35.47, a PEG ratio of 4.97 and a beta of 1.05.

STAG Industrial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.1233 per share. The ex-dividend date is Friday, June 28th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.17%. STAG Industrial’s dividend payout ratio is currently 148.00%.

STAG Industrial Company 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.