STAG Industrial, Inc. (NYSE:STAG) Shares Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC boosted its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 1.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,093,154 shares of the real estate investment trust’s stock after acquiring an additional 11,730 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in STAG Industrial were worth $42,731,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Centerpoint Advisors LLC acquired a new position in shares of STAG Industrial in the 2nd quarter worth approximately $25,000. GAMMA Investing LLC lifted its stake in STAG Industrial by 56.1% during the second quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 326 shares in the last quarter. UMB Bank n.a. boosted its position in shares of STAG Industrial by 54.1% during the third quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 306 shares during the period. Wetzel Investment Advisors Inc. acquired a new stake in shares of STAG Industrial in the second quarter valued at $38,000. Finally, Covestor Ltd lifted its stake in STAG Industrial by 237.6% during the 1st quarter. Covestor Ltd now owns 1,148 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 808 shares in the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

STAG has been the topic of several analyst reports. Evercore ISI increased their price objective on STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Wells Fargo & Company cut their target price on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Wedbush upped their price target on shares of STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Finally, Barclays lowered their target price on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, STAG Industrial presently has a consensus rating of “Hold” and a consensus target price of $41.13.

STAG Industrial Stock Performance

NYSE:STAG opened at $36.32 on Wednesday. STAG Industrial, Inc. has a 1-year low of $34.09 and a 1-year high of $41.63. The firm has a 50 day simple moving average of $38.01 and a 200-day simple moving average of $37.65. The firm has a market cap of $6.62 billion, a PE ratio of 36.69 and a beta of 1.09. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42.

STAG Industrial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.1233 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date is Tuesday, December 31st. STAG Industrial’s dividend payout ratio is currently 149.49%.

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.