Los Angeles Capital Management LLC Raises Position in STAG Industrial, Inc. (NYSE:STAG)

Los Angeles Capital Management LLC increased its holdings in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 314.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 145,520 shares of the real estate investment trust's stock after acquiring an additional 110,410 shares during the quarter. Los Angeles Capital Management LLC owned about 0.08% of STAG Industrial worth $5,688,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Centersquare Investment Management LLC lifted its position in STAG Industrial by 24.9% during the 1st quarter. Centersquare Investment Management LLC now owns 129,800 shares of the real estate investment trust's stock valued at $4,990,000 after acquiring an additional 25,844 shares during the period. Westfield Capital Management Co. LP raised its stake in STAG Industrial by 12.3% during the first quarter. Westfield Capital Management Co. LP now owns 967,485 shares of the real estate investment trust's stock valued at $37,190,000 after buying an additional 106,217 shares during the last quarter. Cetera Investment Advisers boosted its holdings in STAG Industrial by 763.9% in the first quarter. Cetera Investment Advisers now owns 70,788 shares of the real estate investment trust's stock worth $2,721,000 after acquiring an additional 62,594 shares in the last quarter. Earnest Partners LLC grew 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 worth $131,727,000 after acquiring an additional 78,189 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of STAG Industrial by 317.6% during the second quarter. Harbor Capital Advisors Inc. now owns 34,067 shares of the real estate investment trust's stock valued at $1,228,000 after acquiring an additional 25,909 shares in the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wedbush increased their price objective on shares of STAG Industrial from $44.00 to $45.00 and gave the company an "outperform" rating in a research report on Monday, August 5th. Wells Fargo & Company reduced their target price on STAG Industrial from $41.00 to $38.00 and set an "equal weight" rating for the company in a report on Monday, November 4th. Barclays lowered their price target on STAG Industrial from $42.00 to $40.00 and set an "equal weight" rating on the stock in a report on Monday, October 28th. Finally, Evercore ISI lifted their price objective on STAG Industrial from $43.00 to $44.00 and gave the stock an "outperform" rating in a report on Wednesday, August 28th. Five investment 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, STAG Industrial currently has a consensus rating of "Hold" and a consensus price target of $41.13.

STAG Industrial Trading Down 1.0 %

Shares of NYSE STAG traded down $0.39 during trading on Tuesday, hitting $36.93. 312,874 shares of the company were exchanged, compared to its average volume of 1,066,968. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. STAG Industrial, Inc. has a 12-month low of $33.99 and a 12-month high of $41.63. The company has a fifty day moving average price of $38.40 and a 200-day moving average price of $37.57. The firm has a market capitalization of $6.73 billion, a PE ratio of 37.49 and a beta of 1.09.

STAG Industrial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.1233 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 4.01%. STAG Industrial's dividend payout ratio (DPR) is 149.49%.

STAG Industrial Company 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.