Hilltop National Bank Increases Position in STAG Industrial, Inc. (NYSE:STAG)

Hilltop National Bank lifted its holdings in STAG Industrial, Inc. (NYSE:STAG) by 19.2% in the 4th quarter, Holdings Channel.com reports. The firm 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of STAG. UMB Bank n.a. increased its stake in STAG Industrial by 54.1% during the 3rd 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 in the last quarter. Coastline Trust Co purchased a new stake in STAG Industrial during the 3rd quarter worth approximately $55,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in STAG Industrial during the 2nd quarter worth approximately $57,000. GAMMA Investing LLC increased its stake in STAG Industrial by 72.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 659 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its stake in STAG Industrial by 63.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,229 shares of the real estate investment trust’s stock worth $80,000 after buying an additional 868 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Wells Fargo & Company lowered their target price on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Barclays dropped 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 upped their price target on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

STAG Industrial Trading Down 2.6 %

Shares of STAG Industrial stock opened at $32.45 on Friday. The firm has a market capitalization of $5.91 billion, a price-to-earnings 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. The stock has a 50 day moving average of $35.57 and a 200 day moving average of $37.56.

STAG Industrial Dividend Announcement

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

STAG Industrial Company Profile

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.