Heitman Real Estate Securities LLC Raises Position in STAG Industrial, Inc. (NYSE:STAG)

Heitman Real Estate Securities LLC increased its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 19.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,063,909 shares of the real estate investment trust’s stock after acquiring an additional 175,993 shares during the period. STAG Industrial makes up about 2.3% of Heitman Real Estate Securities LLC’s portfolio, making the stock its 19th largest holding. Heitman Real Estate Securities LLC’s holdings in STAG Industrial were worth $41,588,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Centerpoint Advisors LLC purchased a new position in shares of STAG Industrial during the second quarter worth about $25,000. GAMMA Investing LLC grew its position in shares of STAG Industrial by 56.1% during the 2nd quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 326 shares during the last quarter. UMB Bank n.a. lifted 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 worth $34,000 after acquiring an additional 306 shares during the period. Wetzel Investment Advisors Inc. purchased a new stake in shares of STAG Industrial in the 2nd quarter valued at approximately $38,000. Finally, Blue Trust Inc. increased its stake in shares of STAG Industrial by 1,728.4% during the 2nd quarter. Blue Trust Inc. now owns 1,353 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 1,279 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

STAG Industrial Trading Down 1.0 %

STAG Industrial stock opened at $36.41 on Tuesday. STAG Industrial, Inc. has a 12-month low of $34.09 and a 12-month high of $41.63. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market capitalization of $6.63 billion, a PE ratio of 36.78 and a beta of 1.08. The firm has a 50 day simple moving average of $37.55 and a 200-day simple moving average of $37.72.

STAG Industrial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.1233 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 4.06%. STAG Industrial’s dividend payout ratio is currently 149.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on STAG shares. Wells Fargo & Company lowered their price target on shares of 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. Evercore ISI upped their price target on shares of STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Wedbush increased their price objective 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. Finally, Barclays lowered their price objective on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $41.13.

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.