STAG Industrial, Inc. (NYSE:STAG) Shares Bought by Stifel Financial Corp

Stifel Financial Corp increased its holdings in STAG Industrial, Inc. (NYSE:STAG) by 5.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 52,278 shares of the real estate investment trust’s stock after buying an additional 2,795 shares during the period. Stifel Financial Corp’s holdings in STAG Industrial were worth $2,044,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Centerpoint Advisors LLC acquired a new stake in STAG Industrial in the second quarter worth $25,000. UMB Bank n.a. increased its holdings 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 worth $34,000 after acquiring an additional 306 shares during the period. Wetzel Investment Advisors Inc. bought a new stake in STAG Industrial in the 2nd quarter valued at about $38,000. Blue Trust Inc. grew its position in STAG Industrial by 1,728.4% in the 2nd quarter. Blue Trust Inc. now owns 1,353 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 1,279 shares during the last quarter. Finally, Coastline Trust Co bought a new position in STAG Industrial in the 3rd quarter worth about $55,000. Institutional investors own 88.67% of the company’s stock.

STAG Industrial Price Performance

Shares of NYSE STAG opened at $33.22 on Friday. STAG Industrial, Inc. has a twelve month low of $33.18 and a twelve month high of $41.63. 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 firm has a 50-day moving average of $36.80 and a two-hundred day moving average of $37.72. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of 33.56 and a beta of 1.07.

STAG Industrial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.1233 per share. This represents a $1.48 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial’s payout ratio is 149.49%.

Wall Street Analysts Forecast Growth

STAG has been the subject of several analyst reports. Wells Fargo & Company reduced their price objective on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Evercore ISI boosted their price target on STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Raymond James raised their price target on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, Barclays decreased their target price on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, STAG Industrial has a consensus rating of “Hold” and an average price target of $41.00.

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.