Metis Global Partners LLC Acquires 4,294 Shares of STAG Industrial, Inc. (NYSE:STAG)

Metis Global Partners LLC raised its holdings in STAG Industrial, Inc. (NYSE:STAG) by 29.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,748 shares of the real estate investment trust’s stock after purchasing an additional 4,294 shares during the quarter. Metis Global Partners LLC’s holdings in STAG Industrial were worth $733,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. UMB Bank n.a. raised its holdings 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 valued at $34,000 after buying an additional 306 shares during the last quarter. GAMMA Investing LLC raised its stake 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 worth $33,000 after acquiring an additional 326 shares during the last quarter. Resources Management Corp CT ADV lifted its position in shares of STAG Industrial by 1.3% during the second quarter. Resources Management Corp CT ADV now owns 29,475 shares of the real estate investment trust’s stock worth $1,063,000 after purchasing an additional 370 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of STAG Industrial by 0.4% during the third 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 purchasing an additional 390 shares during the last quarter. Finally, Cetera Advisors LLC increased its holdings in shares of STAG Industrial by 1.0% in the first quarter. Cetera Advisors LLC now owns 40,380 shares of the real estate investment trust’s stock valued at $1,552,000 after purchasing an additional 409 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

STAG Industrial Stock Up 0.2 %

Shares of NYSE STAG opened at $36.21 on Monday. The firm has a 50 day moving average price of $38.14 and a 200 day moving average price of $37.63. 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 market cap of $6.60 billion, a P/E ratio of 36.58 and a beta of 1.09. STAG Industrial, Inc. has a 52-week low of $34.09 and a 52-week high of $41.63.

STAG Industrial Dividend Announcement

The company also recently disclosed 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. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial’s dividend payout ratio is currently 149.49%.

Analyst Ratings Changes

A number of research firms have recently weighed in on STAG. Wedbush boosted their target price 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 reduced their target price 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. Wells Fargo & Company dropped 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 note on Monday, November 4th. Finally, Evercore ISI raised their price objective on shares of STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $41.13.

STAG Industrial Company 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.