STAG Industrial, Inc. (NYSE:STAG) Shares Acquired by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. boosted its stake in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 31.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,016,483 shares of the real estate investment trust's stock after acquiring an additional 240,795 shares during the period. Alyeska Investment Group L.P. owned 0.56% of STAG Industrial worth $34,377,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sugar Maple Asset Management LLC purchased a new stake in shares of STAG Industrial during the fourth quarter worth approximately $43,000. Quarry LP purchased a new position in STAG Industrial during the 4th quarter worth $62,000. Hilltop National Bank lifted its stake in shares of STAG Industrial by 19.2% in the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust's stock worth $76,000 after acquiring an additional 362 shares during the period. Principal Securities Inc. boosted its holdings in shares of STAG Industrial by 20.7% in the fourth quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust's stock valued at $101,000 after acquiring an additional 510 shares in the last quarter. Finally, Aew Capital Management L P increased its stake in shares of STAG Industrial by 52.4% during the fourth quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust's stock worth $108,000 after acquiring an additional 1,100 shares during the period. 88.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the transaction, the director now owns 9,632 shares of the company's stock, valued at $338,083.20. This represents a 83.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on STAG. Barclays lowered their price objective on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 28th. Royal Bank of Canada cut their price objective on 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 boosted their target price on shares of STAG Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, Robert W. Baird cut their price target on shares of STAG Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a report on Wednesday. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $39.63.

STAG Industrial Price Performance

STAG traded up $0.70 during midday trading on Friday, reaching $34.56. 826,495 shares of the company's stock were exchanged, compared to its average volume of 1,199,418. The business's 50-day moving average price is $33.97 and its 200 day moving average price is $34.89. The stock has a market capitalization of $6.45 billion, a PE ratio of 33.23 and a beta of 0.93. STAG Industrial, Inc. has a 1-year low of $28.61 and a 1-year high of $41.63. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36.

STAG Industrial (NYSE:STAG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. The firm had revenue of $205.57 million for the quarter, compared to analyst estimates of $202.04 million. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. STAG Industrial's revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 EPS. As a group, equities analysts anticipate that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.1242 dividend. This represents a $1.49 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend is Monday, June 30th. STAG Industrial's payout ratio is 112.03%.

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.