STAG Industrial, Inc. (NYSE:STAG) Position Raised by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its position in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 29.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 439,297 shares of the real estate investment trust's stock after purchasing an additional 99,727 shares during the quarter. Victory Capital Management Inc. owned about 0.24% of STAG Industrial worth $14,857,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in STAG. FMR LLC lifted its stake in shares of STAG Industrial by 145.5% during the third quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust's stock valued at $271,132,000 after buying an additional 4,111,268 shares during the period. Bank of Montreal Can boosted its stake in STAG Industrial by 330.5% in the 3rd quarter. Bank of Montreal Can now owns 1,346,149 shares of the real estate investment trust's stock worth $52,823,000 after buying an additional 1,033,485 shares during the last quarter. Westfield Capital Management Co. LP grew its holdings in STAG Industrial by 36.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,670,586 shares of the real estate investment trust's stock valued at $65,303,000 after buying an additional 442,618 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of STAG Industrial by 7.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust's stock valued at $123,883,000 after acquiring an additional 227,629 shares during the last quarter. Finally, Heitman Real Estate Securities LLC lifted its holdings in shares of STAG Industrial by 19.8% during the 3rd quarter. Heitman Real Estate Securities LLC now owns 1,063,909 shares of the real estate investment trust's stock worth $41,588,000 after acquiring an additional 175,993 shares during the period. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

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STAG Industrial Stock Up 1.4 %

STAG traded up $0.51 on Friday, reaching $35.48. The company's stock had a trading volume of 784,265 shares, compared to its average volume of 1,062,395. STAG Industrial, Inc. has a 1 year low of $32.27 and a 1 year high of $41.63. The business's 50 day moving average is $34.75 and its 200 day moving average is $36.49. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a market cap of $6.62 billion, a price-to-earnings ratio of 34.10 and a beta of 1.05.

STAG Industrial (NYSE:STAG - Get Free Report) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 EPS for the quarter, beating the consensus estimate of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. As a group, research analysts forecast that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.1242 per share. This is a positive change from STAG Industrial's previous dividend of $0.12. This represents a yield of 4.25%. The ex-dividend date is Friday, February 28th. STAG Industrial's dividend payout ratio (DPR) is currently 143.27%.

Insider Transactions at STAG Industrial

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 value of $1,755,000.00. Following the completion of the transaction, the director now owns 9,632 shares of the company's stock, valued at $338,083.20. The trade was a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on STAG. Royal Bank of Canada dropped 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 research report on Monday, January 27th. Raymond James lifted their target price on STAG Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Finally, Barclays reduced their price objective on 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $40.38.

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.