Y Intercept Hong Kong Ltd Purchases 14,427 Shares of STAG Industrial, Inc. (NYSE:STAG)

Y Intercept Hong Kong Ltd lifted its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 111.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,363 shares of the real estate investment trust’s stock after acquiring an additional 14,427 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in STAG Industrial were worth $1,070,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in STAG. Centerpoint Advisors LLC acquired a new stake in shares of STAG Industrial during the second quarter worth $25,000. UMB Bank n.a. increased its stake in shares of STAG Industrial by 54.1% in the 3rd quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 306 shares during the last quarter. Wetzel Investment Advisors Inc. acquired a new stake in shares of STAG Industrial in the 2nd quarter valued at approximately $38,000. Blue Trust Inc. increased its stake in STAG Industrial by 1,728.4% in the second quarter. Blue Trust Inc. now owns 1,353 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 1,279 shares in the last quarter. Finally, Coastline Trust Co acquired a new stake in STAG Industrial in the third quarter worth $55,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

STAG Industrial Price Performance

STAG Industrial stock opened at $35.66 on Friday. The stock has a fifty day moving average of $37.04 and a 200-day moving average of $37.71. The stock has a market capitalization of $6.50 billion, a P/E ratio of 36.02 and a beta of 1.07. 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, Inc. has a 52 week low of $34.09 and a 52 week high of $41.63.

STAG Industrial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.1233 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.15%. STAG Industrial’s payout ratio is currently 149.49%.

Analysts Set New Price Targets

STAG has been the subject of several research analyst reports. Barclays decreased their price target on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. Evercore ISI raised their price target on STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Wells Fargo & Company decreased their price objective 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. Finally, Raymond James lifted their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday. Five 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 company has an average rating of “Hold” and an average target price of $41.00.

STAG Industrial Company 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.