STAG Industrial, Inc. (NYSE:STAG) Shares Acquired by Aristotle Capital Boston LLC

Aristotle Capital Boston LLC grew its position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 986,709 shares of the real estate investment trust's stock after purchasing an additional 42,378 shares during the quarter. STAG Industrial makes up 1.2% of Aristotle Capital Boston LLC's holdings, making the stock its 28th biggest holding. Aristotle Capital Boston LLC owned approximately 0.54% of STAG Industrial worth $33,371,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in STAG. Sugar Maple Asset Management LLC bought a new position in shares of STAG Industrial during the fourth quarter valued at about $43,000. Quarry LP purchased a new position in STAG Industrial in the 4th quarter valued at approximately $62,000. Hilltop National Bank lifted its holdings in STAG Industrial by 19.2% during the 4th 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 in the last quarter. Principal Securities Inc. grew its stake in STAG Industrial by 20.7% during 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 holdings in shares of STAG Industrial by 52.4% in 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 purchasing an additional 1,100 shares during the period. 88.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on STAG. Barclays dropped their target price on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 28th. Robert W. Baird dropped their price target on STAG Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a research note on Wednesday. Royal Bank of Canada lowered their price objective on shares of STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating for the company in a report on Monday, January 27th. Finally, Raymond James increased their target price on STAG Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $39.63.

STAG Industrial Stock Up 1.6 %

STAG Industrial stock traded up $0.54 during trading hours on Thursday, hitting $33.97. The stock had a trading volume of 995,986 shares, compared to its average volume of 1,497,748. The stock's 50-day moving average price is $34.01 and its 200-day moving average price is $34.92. STAG Industrial, Inc. has a 12-month low of $28.61 and a 12-month high of $41.63. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $6.34 billion, a P/E ratio of 32.66 and a beta of 0.93.

STAG Industrial (NYSE:STAG - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01. The firm had revenue of $205.57 million during the quarter, compared to analysts' expectations of $202.04 million. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. The firm's quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.59 earnings per share. Equities research 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 issued a $0.1242 dividend. This represents a $1.49 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend is Monday, June 30th. STAG Industrial's dividend payout ratio is 112.03%.

Insider Activity at STAG Industrial

In other news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 in the company, valued at approximately $338,083.20. The trade was a 83.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by corporate insiders.

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.