Mount Yale Investment Advisors LLC Has $313,000 Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Mount Yale Investment Advisors LLC grew its stake in STAG Industrial, Inc. (NYSE:STAG) by 17.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 9,262 shares of the real estate investment trust’s stock after buying an additional 1,369 shares during the period. Mount Yale Investment Advisors LLC’s holdings in STAG Industrial were worth $313,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 DIFC Ltd acquired a new stake in STAG Industrial in the third quarter worth $717,000. Geode Capital Management LLC raised its stake in STAG Industrial by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust’s stock worth $133,077,000 after buying an additional 21,925 shares during the period. BNP Paribas Financial Markets raised its stake in STAG Industrial by 169.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 132,412 shares of the real estate investment trust’s stock worth $5,176,000 after buying an additional 83,296 shares during the period. Los Angeles Capital Management LLC lifted its holdings in STAG Industrial by 314.5% during the third quarter. Los Angeles Capital Management LLC now owns 145,520 shares of the real estate investment trust’s stock worth $5,688,000 after acquiring an additional 110,410 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in STAG Industrial by 187.3% in the third quarter. Harbor Capital Advisors Inc. now owns 97,875 shares of the real estate investment trust’s stock valued at $3,826,000 after acquiring an additional 63,808 shares during the period. 88.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on STAG shares. Barclays dropped their price target on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Wells Fargo & Company cut 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 note on Monday, November 4th. Royal Bank of Canada lowered their price objective on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research report on Monday. Finally, Raymond James boosted their price objective 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. According to MarketBeat, STAG Industrial presently has a consensus rating of “Moderate Buy” and an average target price of $40.38.

STAG Industrial Trading Down 1.4 %

STAG Industrial stock opened at $33.91 on Thursday. The company has a market cap of $6.18 billion, a price-to-earnings ratio of 34.26 and a beta of 1.09. The firm has a 50-day moving average of $34.77 and a 200-day moving average of $37.38. 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, Inc. has a one year low of $32.27 and a one year high of $41.63.

STAG Industrial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.1242 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.49 dividend on an annualized basis and a yield of 4.39%. STAG Industrial’s dividend payout ratio is 149.49%.

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.