Verdence Capital Advisors LLC Increases Position in STAG Industrial, Inc. (NYSE:STAG)

Verdence Capital Advisors LLC lifted its holdings in STAG Industrial, Inc. (NYSE:STAG) by 3.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,670 shares of the real estate investment trust’s stock after buying an additional 301 shares during the period. Verdence Capital Advisors LLC’s holdings in STAG Industrial were worth $340,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fifth Third Bancorp raised its holdings in shares of STAG Industrial by 121.3% in the 3rd quarter. Fifth Third Bancorp now owns 905 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 496 shares during the period. Rational Advisors LLC bought a new stake in shares of STAG Industrial in the 3rd quarter worth approximately $42,000. Sound Income Strategies LLC raised its holdings in shares of STAG Industrial by 35.5% in the 4th quarter. Sound Income Strategies LLC now owns 1,363 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 357 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of STAG Industrial by 328.9% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,642 shares of the real estate investment trust’s stock worth $91,000 after purchasing an additional 2,026 shares during the period. Finally, Private Trust Co. NA raised its holdings in shares of STAG Industrial by 15.5% in the 4th quarter. Private Trust Co. NA now owns 2,605 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 349 shares during the period. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Royal Bank of Canada lifted their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, February 16th. BMO Capital Markets reissued an “outperform” rating and set a $42.00 target price (up previously from $41.00) on shares of STAG Industrial in a report on Monday, April 8th. Barclays began coverage on shares of STAG Industrial in a report on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 target price on the stock. Finally, Robert W. Baird reissued a “neutral” rating and set a $41.00 target price (up previously from $38.00) on shares of STAG Industrial in a report on Friday, January 5th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $39.13.

STAG Industrial Trading Up 0.2 %

STAG Industrial stock opened at $35.41 on Wednesday. The stock has a market cap of $6.44 billion, a P/E ratio of 32.79, a PEG ratio of 4.99 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 firm’s fifty day moving average price is $37.45 and its 200-day moving average price is $36.84. 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 Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.1233 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.48 annualized dividend and a dividend yield of 4.18%. STAG Industrial’s payout ratio is currently 137.04%.

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.