AGF Management Ltd. Takes $514,000 Position in Stag Industrial, Inc. $STAG

AGF Management Ltd. purchased a new position in shares of Stag Industrial, Inc. (NYSE:STAG) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,579 shares of the real estate investment trust’s stock, valued at approximately $514,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Private Trust Co. NA raised its stake in Stag Industrial by 2,183.9% in the 2nd quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 677 shares during the last quarter. Root Financial Partners LLC acquired a new stake in shares of Stag Industrial in the third quarter valued at about $43,000. EverSource Wealth Advisors LLC lifted its stake in shares of Stag Industrial by 270.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 1,048 shares in the last quarter. Covestor Ltd lifted its stake in shares of Stag Industrial by 98.5% in the third quarter. Covestor Ltd now owns 1,769 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 878 shares in the last quarter. Finally, Huntington National Bank boosted its position in Stag Industrial by 23.2% during the second quarter. Huntington National Bank now owns 3,495 shares of the real estate investment trust’s stock worth $127,000 after acquiring an additional 659 shares during the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

Stag Industrial Price Performance

STAG stock opened at $39.42 on Friday. Stag Industrial, Inc. has a 52-week low of $28.61 and a 52-week high of $39.73. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.89. The stock has a market cap of $7.36 billion, a price-to-earnings ratio of 30.32 and a beta of 1.06. The business has a fifty day moving average of $37.69 and a two-hundred day moving average of $37.02.

Stag Industrial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, March 31st. Stag Industrial’s dividend payout ratio (DPR) is 114.62%.

Wall Street Analyst Weigh In

A number of research firms have commented on STAG. Industrial Alliance Securities set a $39.00 price objective on shares of Stag Industrial in a report on Tuesday, January 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stag Industrial in a report on Monday, December 22nd. Robert W. Baird boosted their price objective on Stag Industrial from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Wall Street Zen cut Stag Industrial from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. Finally, Evercore ISI lifted their price target on Stag Industrial from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $39.33.

About Stag Industrial

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.