Congress Asset Management Co. Decreases Position in STAG Industrial, Inc. (NYSE:STAG)

Congress Asset Management Co. cut its position in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 5.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 209,647 shares of the real estate investment trust's stock after selling 11,282 shares during the period. Congress Asset Management Co. owned approximately 0.11% of STAG Industrial worth $7,572,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. FMR LLC lifted its position in STAG Industrial by 30.1% during the fourth quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust's stock valued at $305,224,000 after purchasing an additional 2,088,839 shares during the period. Earnest Partners LLC lifted its position in STAG Industrial by 6.6% during the fourth quarter. Earnest Partners LLC now owns 3,795,425 shares of the real estate investment trust's stock valued at $128,361,000 after purchasing an additional 235,622 shares during the period. Nuveen Asset Management LLC lifted its position in STAG Industrial by 5.9% during the fourth quarter. Nuveen Asset Management LLC now owns 3,679,641 shares of the real estate investment trust's stock valued at $124,445,000 after purchasing an additional 204,948 shares during the period. Geode Capital Management LLC lifted its position in STAG Industrial by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 3,421,549 shares of the real estate investment trust's stock valued at $115,748,000 after purchasing an additional 18,009 shares during the period. Finally, Channing Capital Management LLC lifted its position in STAG Industrial by 7.8% during the fourth quarter. Channing Capital Management LLC now owns 2,259,638 shares of the real estate investment trust's stock valued at $76,421,000 after purchasing an additional 164,284 shares during the period. 88.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on STAG. Royal Bank of Canada restated a "sector perform" rating and set a $38.00 price objective on shares of STAG Industrial in a research report on Monday, May 19th. Robert W. Baird lowered their price objective on shares of STAG Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Finally, Raymond James increased their price objective on shares of STAG Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $39.71.

STAG Industrial Stock Up 1.9%

STAG opened at $36.86 on Friday. The firm's 50 day simple moving average is $33.83 and its two-hundred day simple moving average is $34.63. 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 company has a market capitalization of $6.88 billion, a PE ratio of 35.44 and a beta of 0.94. STAG Industrial, Inc. has a 1-year low of $28.61 and a 1-year high of $41.63.

STAG Industrial (NYSE:STAG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.59 earnings per share. As a group, equities analysts forecast that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.1242 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a yield of 4.37%. 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.

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