Franklin Resources Inc. Has $13.91 Million Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Franklin Resources Inc. lessened its stake in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 31.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 372,095 shares of the real estate investment trust's stock after selling 171,482 shares during the period. Franklin Resources Inc. owned about 0.20% of STAG Industrial worth $13,909,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its holdings in STAG Industrial by 145.5% in the 3rd quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust's stock valued at $271,132,000 after acquiring an additional 4,111,268 shares in the last quarter. Earnest Partners LLC raised its stake in shares of STAG Industrial by 2.2% in the second quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust's stock valued at $131,727,000 after purchasing an additional 78,189 shares in the last quarter. Geode Capital Management LLC lifted its position in STAG Industrial by 0.6% in the third quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust's stock worth $133,077,000 after purchasing an additional 21,925 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in STAG Industrial by 7.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust's stock worth $123,883,000 after buying an additional 227,629 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in STAG Industrial by 6.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,865,673 shares of the real estate investment trust's stock worth $103,333,000 after buying an additional 167,532 shares in the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

STAG has been the subject of a number of analyst reports. Raymond James raised their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Wednesday, December 11th. Barclays cut their price target on shares of STAG Industrial from $42.00 to $40.00 and set an "equal weight" rating for the company in a research note on Monday, October 28th. Wells Fargo & Company lowered their price objective on STAG Industrial from $41.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Monday, November 4th. Finally, Evercore ISI increased their target price on STAG Industrial from $43.00 to $44.00 and gave the stock an "outperform" rating in a report on Wednesday, August 28th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $41.00.

STAG Industrial Trading Up 2.2 %

Shares of NYSE:STAG traded up $0.72 during midday trading on Friday, hitting $33.94. The company had a trading volume of 3,790,766 shares, compared to its average volume of 1,084,531. The firm has a fifty day simple moving average of $36.74 and a 200 day simple moving average of $37.71. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of 34.28 and a beta of 1.07. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87. STAG Industrial, Inc. has a 12 month low of $33.18 and a 12 month high of $41.63.

STAG Industrial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.1233 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 4.36%. STAG Industrial's payout ratio is currently 149.49%.

STAG Industrial Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.