Tidal Investments LLC Boosts Position in STAG Industrial, Inc. (NYSE:STAG)

Tidal Investments LLC grew its stake in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 248.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,517 shares of the real estate investment trust's stock after acquiring an additional 13,201 shares during the quarter. Tidal Investments LLC's holdings in STAG Industrial were worth $626,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Quarry LP acquired a new stake in shares of STAG Industrial during the 4th quarter worth about $62,000. Principal Securities Inc. increased its position in shares of STAG Industrial by 20.7% during the 4th quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust's stock worth $101,000 after purchasing an additional 510 shares during the last quarter. Aew Capital Management L P increased its position in shares of STAG Industrial by 52.4% during the 4th quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust's stock worth $108,000 after purchasing an additional 1,100 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of STAG Industrial during the 4th quarter worth about $109,000. Finally, Blue Trust Inc. increased its position in shares of STAG Industrial by 23.7% during the 4th quarter. Blue Trust Inc. now owns 3,909 shares of the real estate investment trust's stock worth $132,000 after purchasing an additional 750 shares during the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

STAG has been the subject of a number of recent analyst reports. Royal Bank of Canada reissued 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 dropped their target price on STAG Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Finally, Raymond James lifted 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. Five research 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.com, STAG Industrial has a consensus rating of "Hold" and an average target price of $39.63.

STAG Industrial Stock Down 0.8%

Shares of STAG traded down $0.30 during midday trading on Friday, hitting $35.62. The company had a trading volume of 2,040,304 shares, compared to its average volume of 1,238,777. The company's 50-day simple moving average is $33.78 and its 200-day simple moving average is $34.64. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a market capitalization of $6.65 billion, a P/E ratio of 34.25 and a beta of 0.93. 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, beating the consensus estimate of $0.60 by $0.01. The business had revenue of $205.57 million during the quarter, compared to analysts' expectations of $202.04 million. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. The business's quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 EPS. As a group, sell-side analysts expect that STAG Industrial, Inc. will post 2.47 EPS 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 paid 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%.

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.