Lecap Asset Management Ltd. Makes New Investment in STAG Industrial, Inc. (NYSE:STAG)

Lecap Asset Management Ltd. acquired a new stake in shares of STAG Industrial, Inc. (NYSE:STAG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 24,934 shares of the real estate investment trust’s stock, valued at approximately $843,000.

A number of other institutional investors also recently modified their holdings of STAG. UMB Bank n.a. boosted 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 valued at $34,000 after purchasing an additional 306 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of STAG Industrial by 3.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 12,025 shares of the real estate investment trust’s stock valued at $407,000 after purchasing an additional 347 shares in the last quarter. Peak Financial Advisors LLC grew its holdings in STAG Industrial by 3.0% during the fourth quarter. Peak Financial Advisors LLC now owns 12,415 shares of the real estate investment trust’s stock worth $420,000 after buying an additional 356 shares in the last quarter. Hilltop National Bank raised its position in STAG Industrial by 19.2% in the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock valued at $76,000 after buying an additional 362 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in STAG Industrial by 0.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 107,571 shares of the real estate investment trust’s stock valued at $4,204,000 after acquiring an additional 390 shares in the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

STAG Industrial Stock Performance

NYSE:STAG opened at $34.67 on Friday. STAG Industrial, Inc. has a 52-week low of $32.27 and a 52-week high of $41.63. The business’s fifty day moving average is $34.42 and its 200 day moving average is $37.17. 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 firm has a market cap of $6.32 billion, a price-to-earnings ratio of 35.02 and a beta of 1.09.

STAG Industrial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.1242 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date is Monday, March 31st. STAG Industrial’s payout ratio is 150.51%.

Analyst Ratings Changes

Several analysts have recently commented on STAG shares. Barclays lowered their target price on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday, January 28th. Raymond James increased their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Wells Fargo & Company cut their target price on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Finally, Royal Bank of Canada dropped their price target on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a report on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $40.38.

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.