21,062 Shares in STAG Industrial, Inc. (NYSE:STAG) Acquired by Bridgefront Capital LLC

Bridgefront Capital LLC acquired a new position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 21,062 shares of the real estate investment trust's stock, valued at approximately $712,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Captrust Financial Advisors raised its holdings in shares of STAG Industrial by 15.1% during the fourth quarter. Captrust Financial Advisors now owns 28,199 shares of the real estate investment trust's stock valued at $954,000 after purchasing an additional 3,699 shares during the period. Bank of America Corp DE grew its position in shares of STAG Industrial by 8.0% during the 4th quarter. Bank of America Corp DE now owns 1,232,421 shares of the real estate investment trust's stock valued at $41,680,000 after purchasing an additional 90,915 shares in the last quarter. Alyeska Investment Group L.P. increased its position in shares of STAG Industrial by 31.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,016,483 shares of the real estate investment trust's stock worth $34,377,000 after purchasing an additional 240,795 shares during the last quarter. Aptus Capital Advisors LLC bought a new position in STAG Industrial in the fourth quarter valued at $229,000. Finally, Aristotle Capital Boston LLC boosted its stake in STAG Industrial by 4.5% in the fourth quarter. Aristotle Capital Boston LLC now owns 986,709 shares of the real estate investment trust's stock worth $33,371,000 after buying an additional 42,378 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Royal Bank of Canada reduced their price target 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. 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 research report on Tuesday, January 28th. Robert W. Baird cut their price objective on STAG Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a report on Wednesday. Finally, Raymond James upped their price target 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 assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $39.63.

Insiders Place Their Bets

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. This trade represents a 83.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company insiders.

STAG Industrial Price Performance

STAG traded up $0.42 on Thursday, hitting $33.85. 1,892,809 shares of the company's stock were exchanged, compared to its average volume of 1,200,775. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. The firm has a 50-day moving average price of $33.97 and a 200-day moving average price of $34.89. STAG Industrial, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $41.63. The stock has a market cap of $6.32 billion, a price-to-earnings ratio of 32.55 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, topping analysts' consensus estimates of $0.60 by $0.01. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. The company had revenue of $205.57 million for the quarter, compared to analysts' expectations of $202.04 million. During the same quarter last year, the company earned $0.59 earnings per share. The firm's revenue for the quarter was up 9.7% on a year-over-year basis. As a group, equities analysts anticipate that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.1242 per share. This represents a $1.49 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date of this dividend is Monday, June 30th. STAG Industrial's dividend payout ratio (DPR) is presently 112.03%.

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.