Polymer Capital Management US LLC Makes New $1.06 Million Investment in STAG Industrial, Inc. (NYSE:STAG)

Polymer Capital Management US LLC acquired a new stake in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 31,230 shares of the real estate investment trust's stock, valued at approximately $1,056,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew 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 buying an additional 21,925 shares during the last quarter. Swiss National Bank lifted its holdings in shares of STAG Industrial by 0.8% in the fourth quarter. Swiss National Bank now owns 358,200 shares of the real estate investment trust's stock valued at $12,114,000 after purchasing an additional 2,800 shares in the last quarter. Stifel Financial Corp boosted its position in shares of STAG Industrial by 5.6% in the third quarter. Stifel Financial Corp now owns 52,278 shares of the real estate investment trust's stock worth $2,044,000 after buying an additional 2,795 shares during the period. Congress Asset Management Co. grew its holdings in shares of STAG Industrial by 10.1% during the fourth quarter. Congress Asset Management Co. now owns 220,929 shares of the real estate investment trust's stock valued at $7,472,000 after buying an additional 20,327 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in STAG Industrial during the fourth quarter valued at $1,276,000. Institutional investors own 88.67% of the company's stock.

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Analyst Ratings Changes

Several equities analysts have weighed in on STAG shares. Royal Bank of Canada lowered their target price on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a research note on Monday, January 27th. Barclays dropped their price objective on shares of STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $40.14.

Insider Activity

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the company's stock in a transaction dated 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 transaction, the director now directly owns 9,632 shares in the company, valued at approximately $338,083.20. This represents a 83.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is owned by company insiders.

STAG Industrial Stock Up 1.6 %

Shares of STAG traded up $0.49 during mid-day trading on Friday, hitting $31.39. 1,612,296 shares of the company's stock were exchanged, compared to its average volume of 1,192,725. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 30.18 and a beta of 0.96. The firm has a fifty day moving average of $34.83 and a two-hundred day moving average of $35.54. 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, Inc. has a twelve month low of $28.61 and a twelve month high of $41.63.

STAG Industrial (NYSE:STAG - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating 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, sell-side analysts forecast that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Stockholders 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 dividend yield of 4.75%. The ex-dividend date of this dividend is Monday, June 30th. STAG Industrial's payout ratio is 143.27%.

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.