International Assets Investment Management LLC Has $4.51 Million Position in STAG Industrial, Inc. (NYSE:STAG)

International Assets Investment Management LLC grew its position in STAG Industrial, Inc. (NYSE:STAG) by 3,860.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 114,816 shares of the real estate investment trust’s stock after purchasing an additional 111,917 shares during the quarter. International Assets Investment Management LLC’s holdings in STAG Industrial were worth $4,508,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in STAG. Fifth Third Bancorp lifted its stake in STAG Industrial by 31.4% during the fourth quarter. Fifth Third Bancorp now owns 1,189 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 284 shares during the last quarter. Ipswich Investment Management Co. Inc. boosted its stake in STAG Industrial by 1.5% in the third quarter. Ipswich Investment Management Co. Inc. now owns 20,886 shares of the real estate investment trust’s stock valued at $721,000 after buying an additional 300 shares in the last quarter. Metis Global Partners LLC grew its position in STAG Industrial by 3.0% in the third quarter. Metis Global Partners LLC now owns 10,534 shares of the real estate investment trust’s stock valued at $364,000 after acquiring an additional 311 shares during the last quarter. Mariner LLC raised its stake in STAG Industrial by 1.0% during the third quarter. Mariner LLC now owns 33,229 shares of the real estate investment trust’s stock worth $1,147,000 after acquiring an additional 339 shares in the last quarter. Finally, Private Trust Co. NA lifted its holdings in shares of STAG Industrial by 15.5% in the fourth quarter. Private Trust Co. NA now owns 2,605 shares of the real estate investment trust’s stock worth $102,000 after acquiring an additional 349 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

STAG Industrial Price Performance

STAG stock opened at $34.98 on Thursday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.78. The firm has a market cap of $6.37 billion, a price-to-earnings ratio of 34.98, a PEG ratio of 4.97 and a beta of 1.05. The company’s fifty day simple moving average is $36.67 and its 200 day simple moving average is $36.87. STAG Industrial, Inc. has a 12-month low of $31.69 and a 12-month high of $39.61.

STAG Industrial Dividend Announcement

The business 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. The ex-dividend date is Friday, June 28th. This represents a $1.48 annualized dividend and a dividend yield of 4.23%. STAG Industrial’s payout ratio is 148.00%.

Wall Street Analysts Forecast Growth

STAG has been the subject of a number of research analyst reports. Royal Bank of Canada upped their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Friday, February 16th. Barclays assumed coverage on shares of STAG Industrial in a report on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 price target for the company. Finally, BMO Capital Markets reissued an “outperform” rating and set a $42.00 price objective (up previously from $41.00) on shares of STAG Industrial in a report on Monday, April 8th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, STAG Industrial has a consensus rating of “Hold” and an average target price 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.