F M Investments LLC decreased its holdings in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 67.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 59,090 shares of the real estate investment trust's stock after selling 121,094 shares during the period. F M Investments LLC's holdings in STAG Industrial were worth $1,998,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the business. FMR LLC grew its holdings in STAG Industrial by 30.1% during the fourth quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust's stock worth $305,224,000 after acquiring an additional 2,088,839 shares during the period. Geode Capital Management LLC lifted its stake in STAG Industrial by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 3,421,549 shares of the real estate investment trust's stock valued at $115,748,000 after buying an additional 18,009 shares in the last quarter. Channing Capital Management LLC boosted its stake in STAG Industrial by 7.8% during the 4th quarter. Channing Capital Management LLC now owns 2,259,638 shares of the real estate investment trust's stock worth $76,421,000 after purchasing an additional 164,284 shares during the last quarter. Norges Bank purchased a new stake in shares of STAG Industrial in the fourth quarter valued at approximately $75,471,000. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of STAG Industrial by 4.6% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,830,394 shares of the real estate investment trust's stock worth $61,905,000 after acquiring an additional 79,762 shares during the period. Hedge funds and other institutional investors own 88.67% of the company's stock.
Analysts Set New Price Targets
STAG has been the subject of several research reports. Barclays dropped their target price on 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 lowered their price objective 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, Royal Bank of Canada lowered their price target on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a report on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, STAG Industrial presently has an average rating of "Hold" and an average price target of $39.57.
View Our Latest Stock Report on STAG Industrial
Insider Buying and Selling at STAG Industrial
In related news, Director Benjamin S. Butcher sold 50,000 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 9,632 shares of the company's stock, valued at $338,083.20. This trade represents a 83.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate insiders.
STAG Industrial Stock Performance
STAG traded up $0.57 during trading on Thursday, reaching $33.08. The company's stock had a trading volume of 335,983 shares, compared to its average volume of 1,195,369. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 31.86 and a beta of 0.96. The company's fifty day moving average price is $34.68 and its 200-day moving average price is $35.42. STAG Industrial, Inc. has a 52-week low of $28.61 and a 52-week high of $41.63. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36.
STAG Industrial (NYSE:STAG - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share 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%. On average, equities analysts forecast that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.
STAG Industrial Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.1242 per share. This represents a $1.49 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend is Monday, June 30th. STAG Industrial's dividend payout ratio is currently 143.27%.
About STAG Industrial
(
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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