EP Wealth Advisors LLC Takes Position in STAG Industrial, Inc. (NYSE:STAG)

EP Wealth Advisors LLC bought a new position in STAG Industrial, Inc. (NYSE:STAG) in the third quarter, HoldingsChannel reports. The fund bought 7,891 shares of the real estate investment trust’s stock, valued at approximately $308,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. FMR LLC boosted its holdings in STAG Industrial by 145.5% in the third quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust’s stock worth $271,132,000 after purchasing an additional 4,111,268 shares during the last quarter. Earnest Partners LLC grew its holdings in shares of STAG Industrial by 2.2% in the second quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust’s stock worth $131,727,000 after acquiring an additional 78,189 shares during the period. Charles Schwab Investment Management Inc. increased its position in STAG Industrial by 7.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust’s stock valued at $123,883,000 after acquiring an additional 227,629 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in STAG Industrial by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,865,673 shares of the real estate investment trust’s stock worth $103,333,000 after purchasing an additional 167,532 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its stake in shares of STAG Industrial by 7.0% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,776,042 shares of the real estate investment trust’s stock valued at $64,045,000 after purchasing an additional 115,480 shares during the period. Institutional investors own 88.67% of the company’s stock.

Wall Street Analysts Forecast Growth

STAG has been the subject of several recent research reports. Raymond James boosted their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday. Barclays reduced their price objective on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Wells Fargo & Company lowered their target price on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Finally, Evercore ISI lifted their price objective on STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $41.00.

STAG Industrial Stock Up 0.8 %

Shares of STAG opened at $35.93 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of 36.29 and a beta of 1.07. STAG Industrial, Inc. has a 1 year low of $34.09 and a 1 year high of $41.63. The business’s 50 day simple moving average is $37.01 and its 200-day simple moving average is $37.72.

STAG Industrial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.1233 per share. This represents a $1.48 annualized dividend and a dividend yield of 4.12%. The ex-dividend date is Tuesday, December 31st. STAG Industrial’s dividend payout ratio is 149.49%.

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.