Renaissance Technologies LLC Boosts Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Renaissance Technologies LLC raised its position in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 16.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 187,100 shares of the real estate investment trust's stock after purchasing an additional 25,900 shares during the period. Renaissance Technologies LLC owned 0.10% of STAG Industrial worth $6,328,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. FIL Ltd raised its position in shares of STAG Industrial by 1.7% in the 4th quarter. FIL Ltd now owns 57,728 shares of the real estate investment trust's stock worth $1,952,000 after purchasing an additional 953 shares during the last quarter. Invesco Ltd. lifted its stake in STAG Industrial by 1.4% in the fourth quarter. Invesco Ltd. now owns 1,239,654 shares of the real estate investment trust's stock worth $41,925,000 after purchasing an additional 16,516 shares during the last quarter. Employees Retirement System of Texas boosted its position in STAG Industrial by 426.8% in the 4th quarter. Employees Retirement System of Texas now owns 216,000 shares of the real estate investment trust's stock valued at $7,305,000 after buying an additional 175,000 shares during the period. Polymer Capital Management US LLC purchased a new position in STAG Industrial during the 4th quarter valued at about $1,056,000. Finally, FMR LLC lifted its position in STAG Industrial by 30.1% during the fourth quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust's stock valued at $305,224,000 after acquiring an additional 2,088,839 shares during the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on STAG shares. Barclays dropped their target price on 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. Royal Bank of Canada lowered their price target on shares of STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating for the company in a report on Monday, January 27th. Finally, Raymond James lowered their target price on shares of STAG Industrial from $40.00 to $36.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $39.57.

STAG Industrial Trading Up 0.1 %

STAG Industrial stock traded up $0.04 during trading hours on Wednesday, hitting $32.61. The stock had a trading volume of 1,044,736 shares, compared to its average volume of 1,193,899. The stock has a market cap of $6.09 billion, a price-to-earnings ratio of 31.29 and a beta of 0.96. The business's 50 day simple moving average is $34.50 and its 200-day simple moving average is $35.25. 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 one year low of $28.61 and a one year high of $41.63.

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 EPS 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, equities analysts predict that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.1242 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date is Monday, June 30th. STAG Industrial's dividend payout ratio (DPR) is 143.27%.

Insider Buying and Selling

In related news, Director Benjamin S. Butcher sold 50,000 shares of the business'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 completion of the sale, the director now owns 9,632 shares in the company, valued at approximately $338,083.20. The trade was a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by insiders.

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.