178,753 Shares in STAG Industrial, Inc. (NYSE:STAG) Bought by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can bought a new stake in shares of STAG Industrial, Inc. (NYSE:STAGGet Rating) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 178,753 shares of the real estate investment trust’s stock, valued at approximately $5,078,000. Great West Life Assurance Co. Can owned about 0.10% of STAG Industrial at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Cetera Advisor Networks LLC grew its holdings in STAG Industrial by 15.0% during the 1st quarter. Cetera Advisor Networks LLC now owns 9,087 shares of the real estate investment trust’s stock worth $376,000 after acquiring an additional 1,188 shares during the last quarter. Sei Investments Co. boosted its stake in shares of STAG Industrial by 4.4% in the 1st quarter. Sei Investments Co. now owns 171,667 shares of the real estate investment trust’s stock valued at $7,142,000 after purchasing an additional 7,227 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in shares of STAG Industrial by 10.2% in the 1st quarter. Allianz Asset Management GmbH now owns 111,680 shares of the real estate investment trust’s stock valued at $4,618,000 after purchasing an additional 10,365 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of STAG Industrial by 23.0% in the 1st quarter. Cetera Investment Advisers now owns 6,204 shares of the real estate investment trust’s stock valued at $257,000 after purchasing an additional 1,161 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of STAG Industrial by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 25,677,207 shares of the real estate investment trust’s stock valued at $1,061,753,000 after purchasing an additional 1,008,932 shares during the last quarter. 85.21% of the stock is currently owned by institutional investors and hedge funds.

STAG Industrial Trading Up 0.3 %

STAG stock opened at $34.50 on Friday. The company has a fifty day moving average price of $33.09 and a two-hundred day moving average price of $31.70. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 4.78 and a beta of 0.97. STAG Industrial, Inc. has a one year low of $26.56 and a one year high of $43.01. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.07.

STAG Industrial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, April 17th. Investors of record on Friday, March 31st will be paid a $0.1225 dividend. This represents a $1.47 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date is Thursday, March 30th. STAG Industrial’s dividend payout ratio (DPR) is presently 109.78%.

Analysts Set New Price Targets

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

About STAG Industrial

(Get Rating)

STAG Industrial, Inc is a real estate investment trust, which focuses on acquisition, ownership and operation of single-tenant, industrial properties throughout the United States. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.

Further Reading

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

Receive News & Ratings for STAG Industrial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STAG Industrial and related companies with MarketBeat.com's FREE daily email newsletter.