Geode Capital Management LLC Has $115.75 Million Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Geode Capital Management LLC raised its holdings in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 0.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,421,549 shares of the real estate investment trust's stock after purchasing an additional 18,009 shares during the period. Geode Capital Management LLC owned about 1.88% of STAG Industrial worth $115,748,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Franklin Resources Inc. increased its stake in STAG Industrial by 114.3% during the fourth quarter. Franklin Resources Inc. now owns 797,457 shares of the real estate investment trust's stock valued at $26,970,000 after purchasing an additional 425,362 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of STAG Industrial by 24.5% in the 4th quarter. Wellington Management Group LLP now owns 128,794 shares of the real estate investment trust's stock worth $4,356,000 after purchasing an additional 25,354 shares during the last quarter. Intrust Bank NA boosted its position in STAG Industrial by 6.7% during the 4th quarter. Intrust Bank NA now owns 10,687 shares of the real estate investment trust's stock valued at $361,000 after purchasing an additional 673 shares during the period. Orion Portfolio Solutions LLC increased its position in STAG Industrial by 3.7% in the fourth quarter. Orion Portfolio Solutions LLC now owns 66,445 shares of the real estate investment trust's stock worth $2,247,000 after buying an additional 2,372 shares during the period. Finally, Pictet Asset Management Holding SA lifted its stake in STAG Industrial by 1.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 58,691 shares of the real estate investment trust's stock valued at $1,985,000 after buying an additional 710 shares during the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

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STAG Industrial Price Performance

STAG Industrial stock traded up $0.52 during mid-day trading on Monday, hitting $31.96. The company's stock had a trading volume of 79,940 shares, compared to its average volume of 1,190,995. The stock has a market capitalization of $5.96 billion, a P/E ratio of 30.73 and a beta of 0.96. STAG Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $41.63. The stock's fifty day moving average price is $34.83 and its two-hundred day moving average price is $35.52. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86.

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 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%. Research analysts forecast that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.1242 per share. This represents a $1.49 annualized dividend and a yield of 4.66%. The ex-dividend date is Monday, June 30th. STAG Industrial's payout ratio is 143.27%.

Insider Activity

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction on 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 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on STAG. Royal Bank of Canada reduced their target price 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 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. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, STAG Industrial presently has a consensus rating of "Hold" and a consensus target price of $40.14.

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.