Doheny Asset Management CA Has $2.31 Million Position in STAG Industrial, Inc. (NYSE:STAG)

Doheny Asset Management CA reduced its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 7.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,816 shares of the real estate investment trust’s stock after selling 5,000 shares during the quarter. STAG Industrial comprises 2.3% of Doheny Asset Management CA’s portfolio, making the stock its 16th biggest position. Doheny Asset Management CA’s holdings in STAG Industrial were worth $2,309,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of STAG. Fifth Third Bancorp lifted its holdings in shares of STAG Industrial by 31.4% during the 4th quarter. Fifth Third Bancorp now owns 1,189 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 284 shares in the last quarter. Ipswich Investment Management Co. Inc. lifted its holdings in shares of STAG Industrial by 1.5% during the 3rd quarter. Ipswich Investment Management Co. Inc. now owns 20,886 shares of the real estate investment trust’s stock valued at $721,000 after purchasing an additional 300 shares in the last quarter. Verdence Capital Advisors LLC lifted its holdings in shares of STAG Industrial by 3.6% during the 4th quarter. Verdence Capital Advisors LLC now owns 8,670 shares of the real estate investment trust’s stock valued at $340,000 after purchasing an additional 301 shares in the last quarter. Metis Global Partners LLC lifted its holdings in shares of STAG Industrial by 3.0% during the 3rd quarter. Metis Global Partners LLC now owns 10,534 shares of the real estate investment trust’s stock valued at $364,000 after purchasing an additional 311 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. lifted its holdings in shares of STAG Industrial by 1.2% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 27,263 shares of the real estate investment trust’s stock valued at $1,070,000 after purchasing an additional 324 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Barclays assumed coverage on STAG Industrial in a research note on Wednesday, March 27th. They issued an “equal weight” rating and a $40.00 target price on the stock. Royal Bank of Canada boosted their target price 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 restated 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. Finally, BMO Capital Markets restated an “outperform” rating and issued a $42.00 target price (up previously from $41.00) on shares of STAG Industrial in a research note on Monday, April 8th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, STAG Industrial presently has a consensus rating of “Hold” and an average price target of $39.13.

STAG Industrial Stock Up 0.9 %

Shares of STAG Industrial stock traded up $0.33 on Thursday, reaching $35.14. 555,896 shares of the company were exchanged, compared to its average volume of 1,143,828. STAG Industrial, Inc. has a one year low of $31.69 and a one year high of $39.61. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 34.81, a PEG ratio of 4.85 and a beta of 1.05. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.76. The company has a 50-day moving average of $36.95 and a 200 day moving average of $36.82.

STAG Industrial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.1233 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date is Friday, June 28th. STAG Industrial’s dividend payout ratio is currently 148.00%.

STAG Industrial Company 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.