PFG Investments LLC Buys Shares of 12,856 STAG Industrial, Inc. (NYSE:STAG)

PFG Investments LLC purchased a new position in shares of STAG Industrial, Inc. (NYSE:STAG) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,856 shares of the real estate investment trust’s stock, valued at approximately $494,000.

A number of other institutional investors have also modified their holdings of the company. Insight Folios Inc increased its stake in STAG Industrial by 4.1% during the 1st quarter. Insight Folios Inc now owns 8,678 shares of the real estate investment trust’s stock worth $334,000 after buying an additional 341 shares during the period. State of Alaska Department of Revenue increased its position in shares of STAG Industrial by 0.6% during the first quarter. State of Alaska Department of Revenue now owns 106,387 shares of the real estate investment trust’s stock worth $4,089,000 after acquiring an additional 637 shares during the period. State of Michigan Retirement System raised its stake in shares of STAG Industrial by 2.3% in the first quarter. State of Michigan Retirement System now owns 44,600 shares of the real estate investment trust’s stock valued at $1,714,000 after acquiring an additional 1,000 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in STAG Industrial by 14.5% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,660,562 shares of the real estate investment trust’s stock valued at $63,832,000 after purchasing an additional 209,670 shares during the period. Finally, Claro Advisors LLC grew its stake in STAG Industrial by 5.8% during the 1st quarter. Claro Advisors LLC now owns 6,433 shares of the real estate investment trust’s stock worth $247,000 after purchasing an additional 352 shares in the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

STAG Industrial Stock Up 0.5 %

STAG Industrial stock traded up $0.18 during mid-day trading on Monday, hitting $34.66. The company had a trading volume of 1,045,657 shares, compared to its average volume of 1,143,302. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.76. STAG Industrial, Inc. has a 1 year low of $31.69 and a 1 year high of $39.61. The business has a fifty day moving average of $37.11 and a 200 day moving average of $36.83. The stock has a market cap of $6.30 billion, a price-to-earnings ratio of 32.09, a PEG ratio of 4.87 and a beta of 1.02.

STAG Industrial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.1233 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.48 annualized dividend and a yield of 4.27%. STAG Industrial’s dividend payout ratio is currently 137.04%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. BMO Capital Markets reiterated an “outperform” rating and issued a $42.00 price objective (up previously from $41.00) on shares of STAG Industrial in a research note on Monday, April 8th. Royal Bank of Canada raised their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the company a “sector perform” rating in a report on Friday, February 16th. Barclays started coverage on shares of STAG Industrial in a report on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 price target for the company. Finally, Robert W. Baird restated a “neutral” rating and issued a $41.00 price objective (up from $38.00) on shares of STAG Industrial in a report on Friday, January 5th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, STAG Industrial currently has a consensus rating of “Hold” and an average target price 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.