Wolverine Asset Management LLC Makes New Investment in STAG Industrial, Inc. (NYSE:STAG)

Wolverine Asset Management LLC purchased a new stake in STAG Industrial, Inc. (NYSE:STAG) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 27,262 shares of the real estate investment trust’s stock, valued at approximately $1,066,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of STAG Industrial by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 26,237,263 shares of the real estate investment trust’s stock valued at $1,008,560,000 after purchasing an additional 176,332 shares during the period. Earnest Partners LLC boosted its stake in STAG Industrial by 2.2% during the second quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust’s stock valued at $131,727,000 after buying an additional 78,189 shares during the period. Dimensional Fund Advisors LP lifted its stake in STAG Industrial by 6.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,865,673 shares of the real estate investment trust’s stock worth $103,333,000 after purchasing an additional 167,532 shares during the last quarter. Boston Trust Walden Corp increased its holdings in shares of STAG Industrial by 1.0% in the second quarter. Boston Trust Walden Corp now owns 2,552,752 shares of the real estate investment trust’s stock worth $92,052,000 after buying an additional 25,779 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in STAG Industrial by 7.0% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,776,042 shares of the real estate investment trust’s stock valued at $64,045,000 after purchasing an additional 115,480 shares during the period. Institutional investors own 88.67% of the company’s stock.

Analysts Set New Price Targets

STAG has been the topic of a number of analyst reports. Wedbush boosted their price target on STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Barclays dropped their price target on shares of 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. Evercore ISI increased 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. Finally, Wells Fargo & Company cut 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. Five equities 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, STAG Industrial presently has a consensus rating of “Hold” and a consensus price target of $41.13.

STAG Industrial Trading Down 1.4 %

Shares of STAG Industrial stock opened at $36.79 on Wednesday. The firm has a market capitalization of $6.70 billion, a PE ratio of 37.16 and a beta of 1.09. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87. STAG Industrial, Inc. has a twelve month low of $33.99 and a twelve month high of $41.63. The firm’s 50-day moving average price is $38.33 and its 200 day moving average price is $37.59.

STAG Industrial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued 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 yield of 4.02%. STAG Industrial’s payout ratio is 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.