STAG Industrial, Inc. (NYSE:STAG) Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 314.5% in the third quarter, Holdings Channel reports. The firm owned 145,520 shares of the real estate investment trust’s stock after acquiring an additional 110,410 shares during the period. Los Angeles Capital Management LLC’s holdings in STAG Industrial were worth $5,688,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. UMB Bank n.a. grew its position in STAG Industrial by 54.1% in the third quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 306 shares in the last quarter. GAMMA Investing LLC grew its position in shares of STAG Industrial by 56.1% during the second quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 326 shares in the last quarter. Resources Management Corp CT ADV increased its stake in shares of STAG Industrial by 1.3% in the second quarter. Resources Management Corp CT ADV now owns 29,475 shares of the real estate investment trust’s stock worth $1,063,000 after buying an additional 370 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of STAG Industrial by 0.4% in the third quarter. State of Alaska Department of Revenue now owns 107,571 shares of the real estate investment trust’s stock worth $4,204,000 after buying an additional 390 shares during the last quarter. Finally, Cetera Advisors LLC increased its stake in shares of STAG Industrial by 1.0% in the first quarter. Cetera Advisors LLC now owns 40,380 shares of the real estate investment trust’s stock worth $1,552,000 after buying an additional 409 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

STAG Industrial Price Performance

Shares of STAG Industrial stock opened at $37.32 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87. The company’s 50-day moving average price is $38.40 and its two-hundred day moving average price is $37.57. STAG Industrial, Inc. has a 52 week low of $33.99 and a 52 week high of $41.63. The stock has a market cap of $6.80 billion, a PE ratio of 37.70 and a beta of 1.09.

STAG Industrial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.1233 dividend. This represents a $1.48 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial’s dividend payout ratio (DPR) is presently 149.49%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Wells Fargo & Company dropped their price target 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. Evercore ISI boosted their price target on shares of STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Wedbush boosted 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. Finally, Barclays reduced 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 report on Monday, October 28th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, STAG Industrial currently 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.