STAG Industrial, Inc. (NYSE:STAG) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lessened its holdings in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 1.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,632,307 shares of the real estate investment trust's stock after selling 75,537 shares during the period. Massachusetts Financial Services Co. MA owned 2.54% of STAG Industrial worth $156,665,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC purchased a new position in STAG Industrial during the 4th quarter worth $43,000. Hilltop National Bank lifted its position in STAG Industrial by 19.2% in the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust's stock valued at $76,000 after purchasing an additional 362 shares during the period. Principal Securities Inc. lifted its holdings in shares of STAG Industrial by 20.7% in the 4th quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust's stock valued at $101,000 after buying an additional 510 shares during the period. Aew Capital Management L P boosted its stake in shares of STAG Industrial by 52.4% in the fourth quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust's stock valued at $108,000 after buying an additional 1,100 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in STAG Industrial during the fourth quarter worth $109,000. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

STAG Industrial Trading Down 5.3 %

Shares of NYSE STAG traded down $1.72 during midday trading on Thursday, reaching $30.44. 854,032 shares of the stock were exchanged, compared to its average volume of 1,182,440. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $5.68 billion, a P/E ratio of 29.19 and a beta of 0.96. The stock has a 50 day moving average price of $34.94 and a 200-day moving average price of $35.65. STAG Industrial, Inc. has a 52-week low of $28.61 and a 52-week high of $41.63.

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 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%. Equities research analysts expect that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Increases Dividend

The company also recently announced a dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.1242 per share. This is a boost from STAG Industrial's previous dividend of $0.12. This represents a dividend yield of 4.25%. The ex-dividend date of this dividend was Friday, February 28th. STAG Industrial's payout ratio is presently 143.27%.

Insider Activity

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the company'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 transaction, the director now directly owns 9,632 shares of the company's stock, valued at $338,083.20. This represents a 83.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Raymond James boosted their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Barclays dropped their price objective on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada dropped their price target 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. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $40.14.

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.