VCI Wealth Management LLC Purchases New Stake in STAG Industrial, Inc. (NYSE:STAG)

VCI Wealth Management LLC bought a new position in STAG Industrial, Inc. (NYSE:STAG) in the fourth quarter, Holdings Channel reports. The institutional investor bought 21,130 shares of the real estate investment trust’s stock, valued at approximately $830,000.

Other institutional investors have also modified their holdings of the company. Fifth Third Bancorp lifted its holdings in STAG Industrial by 31.4% in the fourth quarter. Fifth Third Bancorp now owns 1,189 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 284 shares during the last quarter. Ipswich Investment Management Co. Inc. lifted its stake in shares of STAG Industrial by 1.5% in 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 during the last quarter. Verdence Capital Advisors LLC grew 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 worth $340,000 after purchasing an additional 301 shares during the period. Metis Global Partners LLC increased its position 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 worth $364,000 after purchasing an additional 311 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. raised its holdings in STAG Industrial by 1.2% in 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 buying an additional 324 shares during the period. Hedge funds and other institutional investors own 88.67% of the company’s stock.

STAG Industrial Stock Down 0.6 %

Shares of NYSE STAG traded down $0.21 during mid-day trading on Thursday, hitting $34.54. The company had a trading volume of 1,728,822 shares, compared to its average volume of 1,142,952. The company has a market capitalization of $6.28 billion, a PE ratio of 31.98, a price-to-earnings-growth ratio of 5.00 and a beta of 1.02. The business’s 50-day simple moving average is $37.38 and its 200 day simple moving average is $36.82. STAG Industrial, Inc. has a 1-year low of $31.69 and a 1-year high of $39.61. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.79 and a quick ratio of 1.79.

STAG Industrial Announces Dividend

The business also recently declared 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. This represents a $1.48 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend is Friday, June 28th. STAG Industrial’s dividend payout ratio is currently 137.04%.

Wall Street Analysts Forecast Growth

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

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.