Westfield Capital Management Co. LP Has $65.30 Million Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Westfield Capital Management Co. LP lifted its holdings in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 36.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,670,586 shares of the real estate investment trust's stock after purchasing an additional 442,618 shares during the period. Westfield Capital Management Co. LP owned 0.92% of STAG Industrial worth $65,303,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Ceredex Value Advisors LLC acquired a new stake in shares of STAG Industrial in the 2nd quarter valued at $13,188,000. Charles Schwab Investment Management Inc. lifted its holdings in STAG Industrial by 7.7% in the third 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 buying an additional 227,629 shares during the period. F M Investments LLC bought a new position in STAG Industrial in the second quarter valued at approximately $6,534,000. Dimensional Fund Advisors LP grew its holdings in STAG Industrial by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,865,673 shares of the real estate investment trust's stock worth $103,333,000 after acquiring an additional 167,532 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its position in shares of STAG Industrial by 7.0% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,776,042 shares of the real estate investment trust's stock valued at $64,045,000 after acquiring an additional 115,480 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

STAG Industrial Stock Up 1.9 %

NYSE STAG traded up $0.68 on Monday, reaching $37.16. The company had a trading volume of 1,296,748 shares, compared to its average volume of 1,074,286. The company's fifty day moving average is $37.75 and its 200-day moving average is $37.68. The firm has a market capitalization of $6.77 billion, a price-to-earnings ratio of 37.54 and a beta of 1.09. 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 1-year low of $34.09 and a 1-year high of $41.63.

STAG Industrial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.1233 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.98%. STAG Industrial's payout ratio is presently 149.49%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on STAG shares. Wells Fargo & Company decreased their price objective on STAG Industrial from $41.00 to $38.00 and set an "equal weight" rating for the company in a research note on Monday, November 4th. Evercore ISI boosted their target price on STAG Industrial from $43.00 to $44.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 28th. Barclays cut their price target on shares of STAG Industrial from $42.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Monday, October 28th. Finally, Wedbush boosted their price objective on shares of STAG Industrial from $44.00 to $45.00 and gave the company an "outperform" rating in a report on Monday, August 5th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, STAG Industrial presently has a consensus rating of "Hold" and an average price target of $41.13.

STAG Industrial 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.