STAG Industrial, Inc. (NYSE:STAG) Shares Purchased by Hilltop National Bank

Hilltop National Bank lifted its holdings in STAG Industrial, Inc. (NYSE:STAG) by 19.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,243 shares of the real estate investment trust’s stock after purchasing an additional 362 shares during the quarter. Hilltop National Bank’s holdings in STAG Industrial were worth $76,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Sanctuary Advisors LLC boosted its position in shares of STAG Industrial by 122.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 21,583 shares of the real estate investment trust’s stock worth $787,000 after purchasing an additional 11,859 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in shares of STAG Industrial by 4.4% in the 3rd quarter. Coldstream Capital Management Inc. now owns 54,517 shares of the real estate investment trust’s stock worth $2,131,000 after purchasing an additional 2,306 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of STAG Industrial by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust’s stock worth $133,077,000 after purchasing an additional 21,925 shares in the last quarter. Guardian Wealth Management Inc. boosted its position in shares of STAG Industrial by 2.1% in the 3rd quarter. Guardian Wealth Management Inc. now owns 46,446 shares of the real estate investment trust’s stock worth $1,816,000 after purchasing an additional 965 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in STAG Industrial by 1.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 331,990 shares of the real estate investment trust’s stock worth $12,977,000 after acquiring an additional 3,944 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

STAG Industrial Stock Performance

NYSE STAG opened at $32.45 on Friday. The stock has a 50-day simple moving average of $35.57 and a two-hundred day simple moving average of $37.56. The firm has a market capitalization of $5.91 billion, a P/E ratio of 32.78 and a beta of 1.09. STAG Industrial, Inc. has a fifty-two week low of $32.27 and a fifty-two week high of $41.63. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42.

STAG Industrial Announces Dividend

The business also recently disclosed a jan 25 dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.1242 per share. STAG Industrial’s payout ratio is currently 149.49%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Wells Fargo & Company lowered their price target 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. Barclays lowered their price target on 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. Finally, Raymond James lifted their price target on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $41.00.

About STAG Industrial

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.