Van ECK Associates Corp Raises Holdings in STAG Industrial, Inc. (NYSE:STAG)

Van ECK Associates Corp grew its position in STAG Industrial, Inc. (NYSE:STAG) by 14.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 73,002 shares of the real estate investment trust’s stock after buying an additional 9,367 shares during the quarter. Van ECK Associates Corp’s holdings in STAG Industrial were worth $2,866,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in STAG. Russell Investments Group Ltd. lifted its holdings in shares of STAG Industrial by 274.5% in the 4th quarter. Russell Investments Group Ltd. now owns 1,078,879 shares of the real estate investment trust’s stock worth $42,392,000 after buying an additional 790,794 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of STAG Industrial by 788.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 669,393 shares of the real estate investment trust’s stock worth $26,281,000 after purchasing an additional 594,076 shares during the last quarter. Invesco Ltd. lifted its stake in shares of STAG Industrial by 35.3% during the 3rd quarter. Invesco Ltd. now owns 1,613,265 shares of the real estate investment trust’s stock worth $55,674,000 after purchasing an additional 420,768 shares during the last quarter. Crestwood Advisors Group LLC purchased a new stake in shares of STAG Industrial during the 3rd quarter worth $10,124,000. Finally, Envestnet Asset Management Inc. lifted its stake in shares of STAG Industrial by 105.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 449,517 shares of the real estate investment trust’s stock worth $15,513,000 after purchasing an additional 230,480 shares during the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

STAG Industrial Trading Down 1.2 %

Shares of NYSE:STAG opened at $34.80 on Tuesday. The business’s 50-day moving average is $36.75 and its 200 day moving average is $36.86. STAG Industrial, Inc. has a 1 year low of $31.69 and a 1 year high of $39.61. The firm has a market capitalization of $6.34 billion, a P/E ratio of 34.80, a P/E/G ratio of 4.97 and a beta of 1.05. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.75 and a quick ratio of 1.75.

STAG Industrial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.1233 per share. This represents a $1.48 annualized dividend and a yield of 4.25%. The ex-dividend date is Friday, June 28th. STAG Industrial’s dividend payout ratio is currently 148.00%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on STAG shares. BMO Capital Markets restated an “outperform” rating and set a $42.00 price objective (up from $41.00) on shares of STAG Industrial in a research note on Monday, April 8th. Barclays started coverage on STAG Industrial in a research note on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 price objective for the company. Finally, Royal Bank of Canada upped their price objective on STAG Industrial from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Friday, February 16th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, STAG Industrial presently has an average rating of “Hold” and an average price target of $39.13.

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.