Channing Capital Management LLC Purchases 164,284 Shares of STAG Industrial, Inc. (NYSE:STAG)

Channing Capital Management LLC grew its stake in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 7.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,259,638 shares of the real estate investment trust's stock after acquiring an additional 164,284 shares during the quarter. STAG Industrial comprises approximately 2.0% of Channing Capital Management LLC's portfolio, making the stock its 21st biggest position. Channing Capital Management LLC owned approximately 1.24% of STAG Industrial worth $76,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Oregon Public Employees Retirement Fund increased its holdings in STAG Industrial by 0.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,131 shares of the real estate investment trust's stock worth $1,256,000 after buying an additional 300 shares in the last quarter. Values First Advisors Inc. boosted its position in STAG Industrial by 2.2% in the fourth quarter. Values First Advisors Inc. now owns 14,562 shares of the real estate investment trust's stock worth $492,000 after purchasing an additional 307 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in STAG Industrial by 3.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 12,025 shares of the real estate investment trust's stock worth $407,000 after purchasing an additional 347 shares during the last quarter. Peak Financial Advisors LLC boosted its position in STAG Industrial by 3.0% in the fourth quarter. Peak Financial Advisors LLC now owns 12,415 shares of the real estate investment trust's stock worth $420,000 after purchasing an additional 356 shares during the last quarter. Finally, Hilltop National Bank boosted 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 worth $76,000 after purchasing an additional 362 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors.

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STAG Industrial Price Performance

STAG traded up $0.50 on Friday, hitting $35.47. 1,700,098 shares of the company's stock traded hands, compared to its average volume of 1,065,892. The company's 50 day simple moving average is $34.75 and its 200-day simple moving average is $36.49. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 34.11 and a beta of 1.05. STAG Industrial, Inc. has a one year low of $32.27 and a one year high of $41.63. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86.

STAG Industrial (NYSE:STAG - Get Free Report) last posted its 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%. As a group, research analysts anticipate that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Increases Dividend

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

Insider Activity at STAG Industrial

In related news, Director Benjamin S. Butcher sold 50,000 shares of the stock in a transaction dated 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 approximately $338,083.20. This trade represents a 83.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on STAG. Raymond James raised their target price on 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 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. Finally, Royal Bank of Canada lowered their price objective on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a research report on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $40.38.

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.