Ceredex Value Advisors LLC grew its stake in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 21.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 447,900 shares of the real estate investment trust's stock after purchasing an additional 80,400 shares during the period. Ceredex Value Advisors LLC owned about 0.25% of STAG Industrial worth $15,148,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in STAG. Norges Bank acquired a new stake in shares of STAG Industrial in the fourth quarter worth approximately $75,471,000. FMR LLC raised its holdings in STAG Industrial by 30.1% in the 4th quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust's stock valued at $305,224,000 after acquiring an additional 2,088,839 shares during the last quarter. Raymond James Financial Inc. purchased a new position in STAG Industrial during the fourth quarter worth approximately $57,561,000. Franklin Resources Inc. grew its holdings in STAG Industrial by 114.3% in the 4th quarter. Franklin Resources Inc. now owns 797,457 shares of the real estate investment trust's stock valued at $26,970,000 after buying an additional 425,362 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in STAG Industrial by 19.3% during the fourth quarter. Prudential Financial Inc. now owns 1,809,679 shares of the real estate investment trust's stock worth $61,203,000 after purchasing an additional 292,252 shares during the period. 88.67% of the stock is owned by hedge funds and other institutional investors.
STAG Industrial Stock Performance
Shares of NYSE:STAG traded down $1.23 during trading on Monday, reaching $31.92. The company had a trading volume of 221,789 shares, compared to its average volume of 1,190,559. The stock's fifty day moving average price is $34.61 and its 200 day moving average price is $35.31. STAG Industrial, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $41.63. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 30.69 and a beta of 0.96.
STAG Industrial (NYSE:STAG - Get Free Report) last issued its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. As a group, equities research analysts predict that STAG Industrial, Inc. will post 2.47 EPS for the current year.
STAG Industrial Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.1242 per share. This represents a $1.49 annualized dividend and a dividend yield of 4.67%. The ex-dividend date is Monday, June 30th. STAG Industrial's dividend payout ratio (DPR) is 143.27%.
Analyst Ratings Changes
Several equities analysts have commented on the stock. Royal Bank of Canada dropped their price target on shares of 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. Barclays decreased 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 note on Tuesday, January 28th. Finally, Raymond James decreased their price objective on shares of STAG Industrial from $40.00 to $36.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, STAG Industrial presently has a consensus rating of "Hold" and a consensus target price of $39.57.
Get Our Latest Stock Report on STAG
Insider Activity
In other news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the completion of the sale, the director now directly owns 9,632 shares in the company, valued at $338,083.20. The trade was a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.10% of the company's stock.
STAG Industrial Profile
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Free Report)
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.
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