8,528 Shares in STAG Industrial, Inc. (NYSE:STAG) Acquired by Aigen Investment Management LP

Aigen Investment Management LP acquired a new position in shares of STAG Industrial, Inc. (NYSE:STAG) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 8,528 shares of the real estate investment trust’s stock, valued at approximately $333,000.

Other large investors have also recently modified their holdings of the company. Centerpoint Advisors LLC bought a new position in shares of STAG Industrial during the 2nd quarter worth approximately $25,000. GAMMA Investing LLC increased its position in shares of STAG Industrial by 56.1% in the 2nd quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 326 shares during the period. UMB Bank n.a. grew its stake in STAG Industrial by 54.1% during the 3rd quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 306 shares during the last quarter. Wetzel Investment Advisors Inc. purchased a new position in shares of STAG Industrial in the second quarter worth about $38,000. Finally, Covestor Ltd lifted its holdings in shares of STAG Industrial by 237.6% during the first quarter. Covestor Ltd now owns 1,148 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 808 shares during the period. Institutional investors own 88.67% of the company’s stock.

STAG Industrial Trading Up 0.2 %

Shares of STAG Industrial stock opened at $36.22 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87. STAG Industrial, Inc. has a twelve month low of $34.09 and a twelve month high of $41.63. The firm has a market capitalization of $6.60 billion, a PE ratio of 36.58 and a beta of 1.09. The firm’s 50-day moving average price is $38.14 and its 200 day moving average price is $37.59.

STAG Industrial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.1233 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 4.09%. STAG Industrial’s payout ratio is currently 149.49%.

Analyst Upgrades and Downgrades

Several brokerages have commented on STAG. Wells Fargo & Company decreased their price objective on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Barclays cut their price objective on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Wedbush increased their price objective on shares of STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Finally, Evercore ISI increased their price objective on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $41.13.

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.