Townsquare Capital LLC Acquires New Stake in STAG Industrial, Inc. (NYSE:STAG)

Townsquare Capital LLC purchased a new stake in STAG Industrial, Inc. (NYSE:STAG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,781 shares of the real estate investment trust's stock, valued at approximately $263,000.

Several other hedge funds and other institutional investors have also modified their holdings of STAG. Norges Bank bought a new position in STAG Industrial during the 4th quarter worth $75,471,000. FMR LLC increased its position in shares of STAG Industrial by 30.1% in the fourth quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust's stock worth $305,224,000 after purchasing an additional 2,088,839 shares during the period. Raymond James Financial Inc. acquired a new position in STAG Industrial in the fourth quarter valued at about $57,561,000. Franklin Resources Inc. lifted its position in STAG Industrial by 114.3% during the fourth quarter. Franklin Resources Inc. now owns 797,457 shares of the real estate investment trust's stock worth $26,970,000 after purchasing an additional 425,362 shares during the period. Finally, Prudential Financial Inc. grew its stake in STAG Industrial by 19.3% during the fourth quarter. Prudential Financial Inc. now owns 1,809,679 shares of the real estate investment trust's stock worth $61,203,000 after buying an additional 292,252 shares in the last quarter. Institutional investors own 88.67% of the company's stock.

Insider Transactions at STAG Industrial

In related news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction that occurred 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 sale, the director now owns 9,632 shares of the company's stock, valued at approximately $338,083.20. The trade was a 83.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.10% of the company's stock.

STAG Industrial Stock Down 0.8 %

Shares of NYSE STAG traded down $0.27 during trading on Friday, hitting $32.85. 827,521 shares of the company traded hands, compared to its average volume of 1,192,058. STAG Industrial, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $41.63. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 31.59 and a beta of 0.96. The business's fifty day moving average is $34.37 and its 200 day moving average is $35.17. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. Equities research analysts predict that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.1242 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.49 annualized dividend and a dividend yield of 4.54%. STAG Industrial's dividend payout ratio is currently 143.27%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Barclays decreased their price target on shares of STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 28th. Raymond James lowered their price target on shares of STAG Industrial from $40.00 to $36.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Finally, Royal Bank of Canada cut their price objective on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a report on Monday, January 27th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $39.57.

About STAG Industrial

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.