Beck Capital Management LLC Has $2.21 Million Stake in STAG Industrial, Inc. (NYSE:STAG)

Beck Capital Management LLC grew its stake in STAG Industrial, Inc. (NYSE:STAG) by 9.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 56,607 shares of the real estate investment trust’s stock after buying an additional 4,686 shares during the quarter. Beck Capital Management LLC’s holdings in STAG Industrial were worth $2,213,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Centerpoint Advisors LLC acquired a new stake in STAG Industrial in the 2nd quarter worth approximately $25,000. GAMMA Investing LLC raised its position in shares of STAG Industrial by 56.1% in the second quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 326 shares during the period. UMB Bank n.a. lifted its stake in shares of STAG Industrial by 54.1% in 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 last quarter. Wetzel Investment Advisors Inc. bought a new stake in shares of STAG Industrial during the 2nd quarter worth $38,000. Finally, Blue Trust Inc. grew its stake in STAG Industrial by 1,728.4% in the 2nd quarter. Blue Trust Inc. now owns 1,353 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 1,279 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

Analyst Upgrades and Downgrades

STAG has been the subject of a number of recent 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. Wells Fargo & Company decreased their target price on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Evercore ISI lifted 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. Finally, Wedbush upped their price target on STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, STAG Industrial presently has an average rating of “Hold” and a consensus target price of $41.13.

STAG Industrial Price Performance

Shares of STAG stock opened at $36.79 on Monday. The stock has a 50 day moving average of $37.55 and a two-hundred day moving average of $37.71. 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 12 month low of $34.09 and a 12 month high of $41.63. The company has a market capitalization of $6.70 billion, a P/E ratio of 37.16 and a beta of 1.09.

STAG Industrial Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.1233 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 4.02%. STAG Industrial’s dividend payout ratio (DPR) 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.