Congress Asset Management Co. Has $7.47 Million Position in STAG Industrial, Inc. (NYSE:STAG)

Congress Asset Management Co. boosted its holdings in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 10.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 220,929 shares of the real estate investment trust's stock after purchasing an additional 20,327 shares during the quarter. Congress Asset Management Co. owned approximately 0.12% of STAG Industrial worth $7,472,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Creative Planning raised its holdings in shares of STAG Industrial by 6.2% during the third quarter. Creative Planning now owns 19,507 shares of the real estate investment trust's stock worth $763,000 after purchasing an additional 1,142 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in STAG Industrial by 4.0% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 45,606 shares of the real estate investment trust's stock worth $1,783,000 after acquiring an additional 1,767 shares during the period. Blue Trust Inc. lifted its holdings in STAG Industrial by 133.5% in the third quarter. Blue Trust Inc. now owns 3,159 shares of the real estate investment trust's stock worth $114,000 after acquiring an additional 1,806 shares during the last quarter. Foundations Investment Advisors LLC bought a new position in STAG Industrial in the third quarter worth about $385,000. Finally, Signaturefd LLC boosted its stake in STAG Industrial by 27.0% in the third quarter. Signaturefd LLC now owns 2,995 shares of the real estate investment trust's stock valued at $117,000 after acquiring an additional 636 shares during the period. 88.67% of the stock is owned by institutional investors and hedge funds.

STAG Industrial Price Performance

Shares of NYSE STAG traded down $0.08 during mid-day trading on Thursday, reaching $35.14. 725,725 shares of the company traded hands, compared to its average volume of 1,264,207. STAG Industrial, Inc. has a fifty-two week low of $32.27 and a fifty-two week high of $41.63. The firm has a market cap of $6.56 billion, a PE ratio of 33.78 and a beta of 1.09. The stock has a fifty day simple moving average of $34.25 and a 200-day simple moving average of $36.85. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36.

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

STAG Industrial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.1242 per share. This represents a $1.49 annualized dividend and a yield of 4.24%. The ex-dividend date is Monday, March 31st. STAG Industrial's dividend payout ratio is presently 143.27%.

Insider Buying and Selling

In related news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total value of $1,755,000.00. Following the transaction, the director now owns 9,632 shares of the company's stock, valued at approximately $338,083.20. This trade represents a 83.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on STAG. Wells Fargo & Company lowered their price target on shares of STAG Industrial from $41.00 to $38.00 and set an "equal weight" rating for the company in a research report on Monday, November 4th. Barclays decreased their target price 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. Raymond James lifted their price target on STAG Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Finally, Royal Bank of Canada decreased their price objective on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating for the company in a report on Monday, January 27th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $40.38.

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.