Bessemer Group Inc. Acquires 20,478 Shares of STAG Industrial, Inc. (NYSE:STAG)

Bessemer Group Inc. grew its holdings in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 623,085 shares of the real estate investment trust's stock after buying an additional 20,478 shares during the quarter. Bessemer Group Inc. owned approximately 0.34% of STAG Industrial worth $21,072,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its stake in shares of STAG Industrial by 16.1% in the fourth quarter. Renaissance Technologies LLC now owns 187,100 shares of the real estate investment trust's stock worth $6,328,000 after acquiring an additional 25,900 shares during the last quarter. FIL Ltd raised its position in STAG Industrial by 1.7% in the 4th quarter. FIL Ltd now owns 57,728 shares of the real estate investment trust's stock worth $1,952,000 after purchasing an additional 953 shares during the last quarter. Invesco Ltd. lifted its holdings in STAG Industrial by 1.4% during the 4th quarter. Invesco Ltd. now owns 1,239,654 shares of the real estate investment trust's stock worth $41,925,000 after buying an additional 16,516 shares in the last quarter. Employees Retirement System of Texas lifted its holdings in STAG Industrial by 426.8% during the 4th quarter. Employees Retirement System of Texas now owns 216,000 shares of the real estate investment trust's stock worth $7,305,000 after buying an additional 175,000 shares in the last quarter. Finally, Polymer Capital Management US LLC bought a new position in STAG Industrial in the 4th quarter valued at $1,056,000. Institutional investors and hedge funds own 88.67% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts have recently issued reports on STAG shares. Royal Bank of Canada cut their price target on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a research note on Monday, January 27th. Raymond James cut their target price on shares of STAG Industrial from $40.00 to $36.00 and set an "outperform" rating on the stock in a research report on Monday. Finally, Barclays lowered their price target on shares of STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $39.57.

Insiders Place Their Bets

In other news, Director Benjamin S. Butcher sold 50,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total value of $1,755,000.00. Following the completion of the transaction, the director now owns 9,632 shares in the company, valued at $338,083.20. This represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.10% of the company's stock.

STAG Industrial Trading Up 0.8 %

Shares of STAG stock traded up $0.26 on Tuesday, reaching $32.36. The company had a trading volume of 1,367,868 shares, compared to its average volume of 1,541,406. The company has a 50-day moving average of $34.78 and a 200-day moving average of $35.47. STAG Industrial, Inc. has a 12 month low of $28.61 and a 12 month high of $41.63. The stock has a market cap of $6.04 billion, a PE ratio of 31.11 and a beta of 0.96. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86.

STAG Industrial (NYSE:STAG - Get Free Report) last posted its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. On average, equities analysts forecast that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.1242 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.49 dividend on an annualized basis and a yield of 4.61%. STAG Industrial's payout ratio is 143.27%.

STAG Industrial Company 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.