Metis Global Partners LLC Has $733,000 Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Metis Global Partners LLC grew its stake in STAG Industrial, Inc. (NYSE:STAG) by 29.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 18,748 shares of the real estate investment trust’s stock after buying an additional 4,294 shares during the quarter. Metis Global Partners LLC’s holdings in STAG Industrial were worth $733,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Cetera Investment Advisers boosted its position in STAG Industrial by 763.9% during the 1st quarter. Cetera Investment Advisers now owns 70,788 shares of the real estate investment trust’s stock worth $2,721,000 after acquiring an additional 62,594 shares during the last quarter. Earnest Partners LLC boosted its holdings in STAG Industrial by 2.2% during 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 purchasing an additional 78,189 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in STAG Industrial by 317.6% in the second quarter. Harbor Capital Advisors Inc. now owns 34,067 shares of the real estate investment trust’s stock valued at $1,228,000 after purchasing an additional 25,909 shares in the last quarter. Coppell Advisory Solutions Corp. acquired a new stake in STAG Industrial in the 1st quarter valued at $710,000. Finally, Atria Investments Inc bought a new stake in STAG Industrial during the 1st quarter worth about $1,024,000. Institutional investors own 88.67% of the company’s stock.

Wall Street Analysts Forecast Growth

STAG has been the topic of a number of recent research reports. Barclays lowered their target price on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Evercore ISI boosted their price target on STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Wedbush raised their target price on shares of STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, 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 report on Monday, November 4th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, STAG Industrial has an average rating of “Hold” and a consensus price target of $41.13.

STAG Industrial Trading Up 0.2 %

Shares of STAG Industrial stock opened at $36.21 on Monday. STAG Industrial, Inc. has a 1 year low of $34.09 and a 1 year high of $41.63. The company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 36.58 and a beta of 1.09. The business has a fifty day simple moving average of $38.14 and a two-hundred day simple moving average of $37.63. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42.

STAG Industrial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.1233 per share. This represents a $1.48 annualized dividend and a dividend yield of 4.09%. The ex-dividend date is Tuesday, December 31st. STAG Industrial’s payout ratio is 149.49%.

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.