2 weeks Ago By Defense World Staff
Liberty Mutual Group Asset Management Inc. grew its position in STAG Industrial, Inc. ( NYSE:STAG – Free Report ) by 10.
3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,194 shares of the real estate investment trust’s stock after purchasing an additional 6,739 shares during the period. Liberty Mutual Group Asset Management Inc.
’s holdings in STAG Industrial were worth $2,603,000 as of its most recent SEC filing. A number of other institutional investors have also modified their holdings of STAG. J.
Safra Asset Management Corp raised its position in STAG Industrial by 708.5% in the first quarter. J.
Safra Asset Management Corp now owns 663 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 581 shares during the period. Centerpoint Advisors LLC acquired a new position in STAG Industrial during the 2nd quarter worth approximately $25,000. Fidelis Capital Partners LLC purchased a new position in STAG Industrial in the 1st quarter worth approximately $29,000.
GAMMA Investing LLC boosted its holdings in STAG Industrial by 56.1% in the 2nd quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 326 shares during the period.
Finally, ICA Group Wealth Management LLC acquired a new stake in STAG Industrial in the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 88.67% of the company’s stock.
Analyst Upgrades and Downgrades Several brokerages have recently weighed in on STAG. Wedbush upped 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. Evercore ISI lifted 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. BNP Paribas initiated coverage on STAG Industrial in a report on Tuesday, June 4th. They issued a “neutral” rating and a $39.
00 price target for the company. Wells Fargo & Company raised their price objective on STAG Industrial from $37.00 to $41.
00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Finally, Barclays upped their target price on STAG Industrial from $38.00 to $42.
00 and gave the company an “equal weight” rating in a research report on Wednesday, August 14th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.
com, the stock has an average rating of “Hold” and a consensus price target of $41.22. Insiders Place Their Bets In related news, Director Benjamin S.
Butcher sold 34,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $40.78, for a total transaction of $1,386,520.
00. Following the completion of the transaction, the director now owns 8,758 shares in the company, valued at approximately $357,151.24.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . 1.10% of the stock is currently owned by corporate insiders.
STAG Industrial Price Performance Shares of STAG opened at $39.05 on Friday. The company has a current ratio of 1.
60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.82.
The firm has a market cap of $7.11 billion, a price-to-earnings ratio of 39.05, a PEG ratio of 4.
09 and a beta of 1.09. STAG Industrial, Inc.
has a 52 week low of $31.69 and a 52 week high of $41.63.
The stock has a 50 day moving average of $39.81 and a 200-day moving average of $37.41.
STAG Industrial Increases Dividend The firm also recently disclosed a dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were given a dividend of $0.1233 per share.
This represents a dividend yield of 3.63%. The ex-dividend date of this dividend was Wednesday, July 31st.
This is an increase from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s dividend payout ratio is currently 148.
00%. About STAG Industrial ( Free Report ) 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.
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