Raymond James Financial Services Advisors Inc. Buys 3,711 Shares of STAG Industrial, Inc. (NYSE:STAG)

Raymond James Financial Services Advisors Inc. increased its stake in STAG Industrial, Inc. (NYSE:STAGGet Rating) by 4.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,226 shares of the real estate investment trust’s stock after buying an additional 3,711 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.05% of STAG Industrial worth $2,679,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Eagle Bay Advisors LLC bought a new stake in STAG Industrial in the second quarter worth $27,000. Wolff Wiese Magana LLC lifted its position in STAG Industrial by 133.8% in the second quarter. Wolff Wiese Magana LLC now owns 982 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 562 shares during the last quarter. SRS Capital Advisors Inc. lifted its position in STAG Industrial by 2,252.3% in the second quarter. SRS Capital Advisors Inc. now owns 1,035 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 991 shares during the last quarter. EverSource Wealth Advisors LLC bought a new stake in STAG Industrial in the second quarter worth $55,000. Finally, Northern Oak Wealth Management Inc. lifted its position in STAG Industrial by 165.3% in the second quarter. Northern Oak Wealth Management Inc. now owns 2,043 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 1,273 shares during the last quarter. 85.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on STAG shares. TheStreet upgraded STAG Industrial from a “c+” rating to a “b” rating in a research report on Wednesday, November 23rd. Raymond James decreased their target price on STAG Industrial from $39.00 to $36.00 and set an “outperform” rating for the company in a research report on Tuesday, October 11th. Wells Fargo & Company downgraded STAG Industrial from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $36.00 to $34.00 in a research report on Tuesday, November 22nd. StockNews.com started coverage on STAG Industrial in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Evercore ISI decreased their target price on STAG Industrial from $39.00 to $37.00 and set an “outperform” rating for the company in a research report on Tuesday, September 27th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $37.50.

STAG Industrial Stock Performance

Shares of STAG Industrial stock opened at $34.99 on Monday. The firm has a market cap of $6.27 billion, a P/E ratio of 26.31, a P/E/G ratio of 4.85 and a beta of 0.97. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.70. STAG Industrial, Inc. has a 12 month low of $26.56 and a 12 month high of $43.92. The stock’s fifty day moving average price is $32.85 and its 200-day moving average price is $31.58.

STAG Industrial Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th will be paid a dividend of $0.1225 per share. The ex-dividend date is Monday, February 27th. This represents a $1.47 annualized dividend and a dividend yield of 4.20%. STAG Industrial’s dividend payout ratio is currently 109.78%.

STAG Industrial Company Profile

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STAG Industrial, Inc (NYSE: STAG) is a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. By targeting this type of property, STAG has developed an investment strategy that helps investors find a powerful balance of income plus growth.

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Institutional Ownership by Quarter for STAG Industrial (NYSE:STAG)

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