Cerity Partners LLC Makes New Investment in STAG Industrial, Inc. (NYSE:STAG)

Cerity Partners LLC acquired a new stake in STAG Industrial, Inc. (NYSE:STAG) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,410 shares of the real estate investment trust’s stock, valued at approximately $330,000.

Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC grew its position in STAG Industrial by 3,860.5% during the 4th quarter. International Assets Investment Management LLC now owns 114,816 shares of the real estate investment trust’s stock worth $4,508,000 after purchasing an additional 111,917 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of STAG Industrial by 4.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,450,892 shares of the real estate investment trust’s stock valued at $56,962,000 after purchasing an additional 58,090 shares during the last quarter. Arlington Trust Co LLC acquired a new position in shares of STAG Industrial in the fourth quarter valued at approximately $349,000. Cubic Asset Management LLC increased its holdings in shares of STAG Industrial by 7.3% in the fourth quarter. Cubic Asset Management LLC now owns 15,275 shares of the real estate investment trust’s stock valued at $600,000 after purchasing an additional 1,045 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of STAG Industrial by 63.4% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 143,671 shares of the real estate investment trust’s stock worth $5,777,000 after purchasing an additional 55,749 shares during the period. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

STAG Industrial Stock Performance

Shares of STAG opened at $34.48 on Friday. STAG Industrial, Inc. has a 12-month low of $31.69 and a 12-month high of $39.61. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.76. The company has a 50-day moving average of $37.20 and a two-hundred day moving average of $36.81. The stock has a market cap of $6.27 billion, a P/E ratio of 31.93, a PEG ratio of 4.90 and a beta of 1.02.

STAG Industrial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.1233 per share. The ex-dividend date is Friday, June 28th. This represents a $1.48 annualized dividend and a dividend yield of 4.29%. STAG Industrial’s dividend payout ratio is currently 137.04%.

Wall Street Analyst Weigh In

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