Peak Financial Advisors LLC Has $420,000 Position in STAG Industrial, Inc. (NYSE:STAG)

Peak Financial Advisors LLC lifted its holdings in STAG Industrial, Inc. (NYSE:STAG) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,415 shares of the real estate investment trust’s stock after buying an additional 356 shares during the period. Peak Financial Advisors LLC’s holdings in STAG Industrial were worth $420,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC grew its holdings in shares of STAG Industrial by 145.5% during the 3rd quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust’s stock valued at $271,132,000 after acquiring an additional 4,111,268 shares in the last quarter. Bank of Montreal Can grew its stake in STAG Industrial by 330.5% in the third quarter. Bank of Montreal Can now owns 1,346,149 shares of the real estate investment trust’s stock valued at $52,823,000 after purchasing an additional 1,033,485 shares in the last quarter. Westfield Capital Management Co. LP grew its stake in STAG Industrial by 36.0% in the third quarter. Westfield Capital Management Co. LP now owns 1,670,586 shares of the real estate investment trust’s stock valued at $65,303,000 after purchasing an additional 442,618 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of STAG Industrial by 7.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust’s stock worth $123,883,000 after purchasing an additional 227,629 shares in the last quarter. Finally, Heitman Real Estate Securities LLC raised its stake in shares of STAG Industrial by 19.8% during the 3rd quarter. Heitman Real Estate Securities LLC now owns 1,063,909 shares of the real estate investment trust’s stock worth $41,588,000 after purchasing an additional 175,993 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

STAG Industrial Price Performance

NYSE STAG opened at $33.59 on Wednesday. The company has a market cap of $6.12 billion, a P/E ratio of 33.93 and a beta of 1.09. STAG Industrial, Inc. has a 1 year low of $32.27 and a 1 year high of $41.63. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87. The company has a fifty day simple moving average of $35.40 and a 200 day simple moving average of $37.56.

STAG Industrial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.1242 dividend. This represents a $1.49 annualized dividend and a dividend yield of 4.44%. The ex-dividend date of this dividend is Monday, March 31st. STAG Industrial’s dividend payout ratio is currently 149.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on STAG shares. Barclays dropped their price objective on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. Wells Fargo & Company dropped their price target on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Finally, Raymond James lifted their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $41.00.

STAG Industrial Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.