Earnest Partners LLC Has $128.36 Million Stake in STAG Industrial, Inc. (NYSE:STAG)

Earnest Partners LLC raised its stake in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,795,425 shares of the real estate investment trust's stock after acquiring an additional 235,622 shares during the quarter. Earnest Partners LLC owned approximately 2.08% of STAG Industrial worth $128,361,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in STAG. 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 valued at $76,000 after purchasing an additional 362 shares during the last quarter. Bridge Creek Capital Management LLC raised its stake in shares of STAG Industrial by 0.4% in the fourth quarter. Bridge Creek Capital Management LLC now owns 142,417 shares of the real estate investment trust's stock valued at $4,817,000 after acquiring an additional 600 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of STAG Industrial by 40.3% in the 4th quarter. Park Avenue Securities LLC now owns 7,284 shares of the real estate investment trust's stock worth $246,000 after acquiring an additional 2,091 shares in the last quarter. Peak Financial Advisors LLC boosted its holdings in shares of STAG Industrial by 3.0% in the 4th quarter. Peak Financial Advisors LLC now owns 12,415 shares of the real estate investment trust's stock worth $420,000 after acquiring an additional 356 shares in the last quarter. Finally, Stolper Co grew its position in STAG Industrial by 1.3% during the 4th quarter. Stolper Co now owns 51,957 shares of the real estate investment trust's stock worth $1,757,000 after acquiring an additional 680 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company's stock.

STAG Industrial Trading Up 0.2 %

Shares of STAG Industrial stock traded up $0.07 on Thursday, hitting $33.10. 1,152,346 shares of the company's stock traded hands, compared to its average volume of 1,196,306. STAG Industrial, Inc. has a one year low of $28.61 and a one 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. The stock has a market capitalization of $6.18 billion, a PE ratio of 31.82 and a beta of 0.96. The firm's 50-day moving average price is $34.23 and its two-hundred day moving average price is $35.08.

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 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. The business had revenue of $205.57 million during the quarter, compared to the consensus estimate of $202.04 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. The firm's revenue was up 9.7% on a year-over-year basis. On average, research analysts expect that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.1242 per share. This represents a $1.49 annualized dividend and a yield of 4.50%. The ex-dividend date is Monday, June 30th. STAG Industrial's payout ratio is 143.27%.

Insider Activity at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the business's stock in a transaction dated 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 directly owns 9,632 shares of the company's stock, valued at approximately $338,083.20. The trade was a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

STAG has been the topic of a number of recent analyst reports. Barclays reduced their price objective on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 28th. Raymond James reduced their price target on shares of STAG Industrial from $40.00 to $36.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Finally, Royal Bank of Canada decreased their price objective on shares of 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, STAG Industrial presently has an average rating of "Hold" and a consensus target price of $39.57.

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.