Millennium Management LLC Purchases 152,228 Shares of STAG Industrial, Inc. (NYSE:STAG)

Millennium Management LLC grew its position in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 81.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 338,960 shares of the real estate investment trust's stock after buying an additional 152,228 shares during the quarter. Millennium Management LLC owned approximately 0.19% of STAG Industrial worth $11,464,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Swiss National Bank boosted its holdings in shares of STAG Industrial by 0.8% in the fourth quarter. Swiss National Bank now owns 358,200 shares of the real estate investment trust's stock worth $12,114,000 after buying an additional 2,800 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of STAG Industrial in the fourth quarter worth about $1,276,000. Congress Asset Management Co. boosted its holdings in shares of STAG Industrial by 10.1% in the fourth quarter. Congress Asset Management Co. now owns 220,929 shares of the real estate investment trust's stock worth $7,472,000 after buying an additional 20,327 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of STAG Industrial by 2.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 359,100 shares of the real estate investment trust's stock worth $12,159,000 after buying an additional 8,259 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of STAG Industrial by 1.5% in the fourth quarter. US Bancorp DE now owns 27,107 shares of the real estate investment trust's stock worth $917,000 after buying an additional 402 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on STAG. Royal Bank of Canada reiterated a "sector perform" rating and issued a $38.00 target price on shares of STAG Industrial in a report on Monday, May 19th. Raymond James raised their price target on shares of STAG Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Robert W. Baird decreased 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. Finally, Barclays decreased their price target on shares of STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a report on Tuesday, January 28th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $39.63.

STAG Industrial Stock Up 2.4%

STAG traded up $0.83 during midday trading on Tuesday, hitting $34.90. 1,100,262 shares of the company's stock traded hands, compared to its average volume of 1,227,592. The company has a market cap of $6.51 billion, a PE ratio of 33.56 and a beta of 0.93. The stock's fifty day simple moving average is $33.71 and its 200-day simple moving average is $34.65. 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, Inc. has a one year low of $28.61 and a one year high of $41.63.

STAG Industrial (NYSE:STAG - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the consensus estimate 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 company's revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.59 earnings per share. As a group, equities analysts anticipate that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $0.1242 dividend. This represents a dividend yield of 4.37%. The ex-dividend date of this dividend is Friday, May 30th. STAG Industrial's dividend 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.