D. E. Shaw & Co. Inc. Grows Position in STAG Industrial, Inc. (NYSE:STAG)

D. E. Shaw & Co. Inc. lifted its holdings in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 927.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 136,412 shares of the real estate investment trust's stock after purchasing an additional 123,129 shares during the period. D. E. Shaw & Co. Inc. owned 0.07% of STAG Industrial worth $4,613,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of STAG. Norges Bank bought a new stake in shares of STAG Industrial in the 4th quarter valued at $75,471,000. FMR LLC lifted its holdings in STAG Industrial by 30.1% in 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 buying an additional 2,088,839 shares during the period. Raymond James Financial Inc. acquired a new position in STAG Industrial in the fourth quarter valued at $57,561,000. Northern Trust Corp boosted its position in STAG Industrial by 33.3% during the fourth quarter. Northern Trust Corp now owns 2,090,046 shares of the real estate investment trust's stock valued at $70,685,000 after acquiring an additional 522,568 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in STAG Industrial by 114.3% during the 4th quarter. Franklin Resources Inc. now owns 797,457 shares of the real estate investment trust's stock worth $26,970,000 after acquiring an additional 425,362 shares during the period. Institutional investors own 88.67% of the company's stock.

STAG Industrial Stock Down 3.2%

NYSE STAG traded down $1.14 during mid-day trading on Wednesday, hitting $34.43. The company's stock had a trading volume of 994,722 shares, compared to its average volume of 1,222,636. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of 33.10 and a beta of 0.93. The company's 50 day simple moving average is $33.81 and its 200 day simple moving average is $34.76. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. STAG Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $41.63.

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 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 net margin of 24.64% and a return on equity of 5.51%. The business's quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the firm earned $0.59 earnings per share. 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 declared a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.1242 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.49 dividend on an annualized basis and a yield of 4.33%. STAG Industrial's dividend payout ratio (DPR) is currently 112.03%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Raymond James upped their target price on STAG Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $38.00 price objective on shares of STAG Industrial in a research report on Monday. Barclays dropped their target price on shares of 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. Finally, Robert W. Baird reduced 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, May 7th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $39.63.

STAG Industrial 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.