1,572 Shares in STAG Industrial, Inc. (NYSE:STAG) Acquired by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of STAG Industrial, Inc. (NYSE:STAG) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,572 shares of the real estate investment trust’s stock, valued at approximately $57,000.

Other institutional investors have also added to or reduced their stakes in the company. J.Safra Asset Management Corp increased its stake in shares of STAG Industrial by 708.5% in the 1st quarter. J.Safra Asset Management Corp now owns 663 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 581 shares in the last quarter. Centerpoint Advisors LLC purchased a new stake in STAG Industrial in the second quarter worth about $25,000. Fidelis Capital Partners LLC purchased a new stake in STAG Industrial in the first quarter worth about $29,000. GAMMA Investing LLC lifted its position in shares of STAG Industrial by 56.1% during the 2nd quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 326 shares in the last quarter. Finally, ICA Group Wealth Management LLC bought a new position in shares of STAG Industrial during the 4th quarter valued at approximately $38,000. 88.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

STAG has been the topic of several analyst reports. Barclays lifted their price target on shares of STAG Industrial from $38.00 to $42.00 and gave the company an “equal weight” rating in a report on Wednesday, August 14th. Wedbush lifted their target price on shares of STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. BNP Paribas initiated coverage on STAG Industrial in a research note on Tuesday, June 4th. They issued a “neutral” rating and a $39.00 price target for the company. Wells Fargo & Company boosted their price objective on STAG Industrial from $37.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Finally, Evercore ISI increased their target price on STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $41.22.

Insider Activity

In related news, Director Benjamin S. Butcher sold 34,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $40.78, for a total value of $1,386,520.00. Following the sale, the director now owns 8,758 shares in the company, valued at $357,151.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

STAG Industrial Trading Up 0.5 %

Shares of STAG stock opened at $39.24 on Monday. The stock’s 50-day moving average price is $39.81 and its 200-day moving average price is $37.41. STAG Industrial, Inc. has a 12-month low of $31.69 and a 12-month high of $41.63. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 39.24, a price-to-earnings-growth ratio of 4.09 and a beta of 1.09. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.82.

STAG Industrial Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were issued a dividend of $0.1233 per share. This represents a dividend yield of 3.63%. This is a boost from STAG Industrial’s previous dividend of $0.12. The ex-dividend date was Wednesday, July 31st. STAG Industrial’s dividend payout ratio is 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.