Millennium Management LLC Has $11.46 Million Stake in STAG Industrial, Inc. (NYSE:STAG)

Millennium Management LLC boosted its position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 81.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 338,960 shares of the real estate investment trust's stock after purchasing an additional 152,228 shares during the quarter. Millennium Management LLC owned 0.19% of STAG Industrial worth $11,464,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of STAG. Quarry LP acquired a new position in STAG Industrial during the fourth quarter valued at approximately $62,000. Principal Securities Inc. grew its holdings 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 purchasing an additional 510 shares during the period. Aew Capital Management L P grew its holdings in STAG Industrial by 52.4% during the fourth quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust's stock valued at $108,000 after purchasing an additional 1,100 shares during the period. Venturi Wealth Management LLC acquired a new position in STAG Industrial during the fourth quarter valued at approximately $109,000. Finally, Blue Trust Inc. grew its holdings in STAG Industrial by 23.7% during the fourth quarter. Blue Trust Inc. now owns 3,909 shares of the real estate investment trust's stock valued at $132,000 after purchasing an additional 750 shares during the period. Institutional investors and hedge funds own 88.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on STAG shares. Royal Bank of Canada restated a "sector perform" rating and set a $38.00 price objective on shares of STAG Industrial in a report on Monday, May 19th. Raymond James upped their price target on shares of STAG Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $39.63.

STAG Industrial Stock Up 1.5%

Shares of STAG Industrial stock traded up $0.52 on Thursday, hitting $36.00. The company had a trading volume of 237,508 shares, compared to its average volume of 1,482,034. STAG Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $41.63. The stock has a 50-day moving average of $33.73 and a 200-day moving average of $34.66. The firm has a market capitalization of $6.72 billion, a P/E ratio of 34.57 and a beta of 0.93. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36.

STAG Industrial (NYSE:STAG - Get Free Report) last announced its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. The business had revenue of $205.57 million during the quarter, compared to analysts' expectations 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. Research analysts predict that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $0.1242 per share. This represents a yield of 4.37%. The ex-dividend date is Friday, May 30th. STAG Industrial's payout ratio is 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.