Ninepoint Partners LP Has $115,000 Stake in STAG Industrial, Inc. (NYSE:STAG)

Ninepoint Partners LP reduced its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 17.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,929 shares of the real estate investment trust’s stock after selling 621 shares during the quarter. Ninepoint Partners LP’s holdings in STAG Industrial were worth $115,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cetera Advisor Networks LLC raised its holdings in STAG Industrial by 15.0% during the 1st quarter. Cetera Advisor Networks LLC now owns 9,087 shares of the real estate investment trust’s stock worth $376,000 after purchasing an additional 1,188 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in shares of STAG Industrial by 5.3% during the first quarter. Great West Life Assurance Co. Can now owns 152,981 shares of the real estate investment trust’s stock worth $6,569,000 after buying an additional 7,714 shares during the last quarter. Sei Investments Co. lifted its holdings in STAG Industrial by 4.4% in the first quarter. Sei Investments Co. now owns 171,667 shares of the real estate investment trust’s stock valued at $7,142,000 after buying an additional 7,227 shares during the period. Allianz Asset Management GmbH boosted its stake in STAG Industrial by 10.2% in the first quarter. Allianz Asset Management GmbH now owns 111,680 shares of the real estate investment trust’s stock valued at $4,618,000 after acquiring an additional 10,365 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in STAG Industrial by 23.0% in the first quarter. Cetera Investment Advisers now owns 6,204 shares of the real estate investment trust’s stock valued at $257,000 after acquiring an additional 1,161 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Analyst Upgrades and Downgrades

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

STAG Industrial Stock Performance

NYSE STAG traded up $0.50 on Friday, hitting $34.88. 622,127 shares of the stock were exchanged, compared to its average volume of 1,126,005. The company has a market capitalization of $6.34 billion, a PE ratio of 31.82, a P/E/G ratio of 4.92 and a beta of 1.02. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.79 and a quick ratio of 1.79. The business’s fifty day moving average is $37.58 and its 200 day moving average is $36.77. STAG Industrial, Inc. has a 52 week low of $31.69 and a 52 week high of $39.61.

STAG Industrial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.1233 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.48 dividend on an annualized basis and a yield of 4.24%. STAG Industrial’s dividend payout ratio is currently 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.