Lecap Asset Management Ltd. Acquires New Stake in STAG Industrial, Inc. (NYSE:STAG)

Lecap Asset Management Ltd. bought a new position in STAG Industrial, Inc. (NYSE:STAG) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 24,934 shares of the real estate investment trust’s stock, valued at approximately $843,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UMB Bank n.a. grew its holdings in shares of STAG Industrial by 54.1% during the third quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 306 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new position in STAG Industrial in the 4th quarter worth approximately $43,000. Coastline Trust Co bought a new position in shares of STAG Industrial in the 3rd quarter worth $55,000. GAMMA Investing LLC raised its position in shares of STAG Industrial by 72.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 659 shares in the last quarter. Finally, Hilltop National Bank lifted its holdings in shares of STAG Industrial by 19.2% during the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock worth $76,000 after acquiring an additional 362 shares during the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Analyst Upgrades and Downgrades

STAG has been the topic of a number of research analyst reports. Barclays reduced their target price on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. Wells Fargo & Company decreased their price objective on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Royal Bank of Canada cut their target price on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research note on Monday, January 27th. Finally, Raymond James increased their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.38.

STAG Industrial Stock Performance

Shares of STAG stock opened at $34.67 on Friday. The company has a market capitalization of $6.32 billion, a P/E ratio of 35.02 and a beta of 1.09. STAG Industrial, Inc. has a fifty-two week low of $32.27 and a fifty-two week high of $41.63. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a 50 day moving average price of $34.42 and a two-hundred day moving average price of $37.17.

STAG Industrial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.1242 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.49 annualized dividend and a yield of 4.30%. STAG Industrial’s payout ratio is currently 150.51%.

STAG Industrial Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.