STAG Industrial, Inc. (NYSE:STAG) Shares Purchased by Fmr LLC

FMR LLC boosted its stake in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 30.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,024,946 shares of the real estate investment trust's stock after buying an additional 2,088,839 shares during the period. FMR LLC owned 4.95% of STAG Industrial worth $305,224,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in STAG Industrial by 0.5% in the fourth 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 acquiring an additional 18,009 shares during the last quarter. Channing Capital Management LLC lifted its stake in shares of STAG Industrial by 7.8% in the 4th quarter. Channing Capital Management LLC now owns 2,259,638 shares of the real estate investment trust's stock valued at $76,421,000 after purchasing an additional 164,284 shares during the last quarter. Norges Bank purchased a new position in shares of STAG Industrial during the 4th quarter worth $75,471,000. Vaughan Nelson Investment Management L.P. increased its position 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 purchasing an additional 79,762 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of STAG Industrial by 19.3% in the 4th quarter. Prudential Financial Inc. now owns 1,809,679 shares of the real estate investment trust's stock valued at $61,203,000 after acquiring an additional 292,252 shares during the period. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the 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 transaction, the director now directly 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by company insiders.

STAG Industrial Stock Up 1.0 %

STAG stock traded up $0.32 during mid-day trading on Wednesday, reaching $32.69. The company had a trading volume of 292,802 shares, compared to its average volume of 1,527,010. The firm has a fifty day simple moving average of $34.73 and a 200 day simple moving average of $35.44. 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, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $41.63. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 31.44 and a beta of 0.96.

STAG Industrial (NYSE:STAG - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 EPS 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%. Analysts forecast that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Dividend Announcement

The firm also recently declared 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. This represents a $1.49 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date of this dividend is Monday, June 30th. STAG Industrial's dividend payout ratio is presently 143.27%.

Wall Street Analysts Forecast Growth

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

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.