Sargent Investment Group LLC Acquires Shares of 5,707 STAG Industrial, Inc. (NYSE:STAG)

Sargent Investment Group LLC acquired a new stake in STAG Industrial, Inc. (NYSE:STAG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,707 shares of the real estate investment trust’s stock, valued at approximately $224,000.

Several other hedge funds also recently bought and sold shares of STAG. Massachusetts Financial Services Co. MA lifted its holdings in shares of STAG Industrial by 1.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,286,953 shares of the real estate investment trust’s stock worth $147,943,000 after buying an additional 59,463 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of STAG Industrial by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,728,355 shares of the real estate investment trust’s stock worth $94,156,000 after buying an additional 73,224 shares during the period. Boston Trust Walden Corp lifted its holdings in shares of STAG Industrial by 1.1% in the 4th quarter. Boston Trust Walden Corp now owns 2,539,129 shares of the real estate investment trust’s stock worth $99,686,000 after buying an additional 28,304 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of STAG Industrial by 3.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,444,172 shares of the real estate investment trust’s stock worth $84,348,000 after buying an additional 76,407 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of STAG Industrial by 35.3% in the 3rd quarter. Invesco Ltd. now owns 1,613,265 shares of the real estate investment trust’s stock worth $55,674,000 after buying an additional 420,768 shares during the period. Institutional investors own 88.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Robert W. Baird restated a “neutral” rating and set a $41.00 price objective (up from $38.00) on shares of STAG Industrial in a research note on Friday, January 5th. Barclays assumed 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. 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. Finally, 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. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $39.13.

STAG Industrial Stock Down 0.2 %

Shares of STAG stock opened at $34.48 on Monday. The firm has a market capitalization of $6.27 billion, a PE ratio of 31.93, a P/E/G ratio of 4.87 and a beta of 1.02. STAG Industrial, Inc. has a fifty-two week low of $31.69 and a fifty-two week high of $39.61. The stock’s 50-day simple moving average is $37.20 and its 200-day simple moving average is $36.83. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.79 and a current ratio of 1.79.

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 issued a dividend of $0.1233 per share. This represents a $1.48 annualized dividend and a yield of 4.29%. The ex-dividend date is Friday, June 28th. STAG Industrial’s dividend payout ratio (DPR) is 137.04%.

About STAG Industrial

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.