UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Holdings in STAG Industrial, Inc. (NYSE:STAG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 442.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,364,411 shares of the real estate investment trust's stock after purchasing an additional 1,112,757 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.75% of STAG Industrial worth $46,144,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. FMR LLC lifted its holdings in shares of 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 worth $305,224,000 after buying an additional 2,088,839 shares in the last quarter. Earnest Partners LLC grew its position in STAG Industrial by 6.6% in 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 acquiring an additional 235,622 shares during the last quarter. Nuveen Asset Management LLC raised its stake 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 worth $124,445,000 after acquiring an additional 204,948 shares in the last quarter. Geode Capital Management LLC raised its stake 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 worth $115,748,000 after acquiring an additional 18,009 shares in the last quarter. Finally, Channing Capital Management LLC lifted its holdings in shares of STAG Industrial by 7.8% in the fourth quarter. Channing Capital Management LLC now owns 2,259,638 shares of the real estate investment trust's stock worth $76,421,000 after acquiring an additional 164,284 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company's stock.

STAG Industrial Stock Up 1.6%

Shares of STAG stock traded up $0.55 during trading hours on Wednesday, reaching $35.47. The company had a trading volume of 1,822,463 shares, compared to its average volume of 1,229,964. The company has a market cap of $6.62 billion, a price-to-earnings ratio of 34.11 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, Inc. has a 12 month low of $28.61 and a 12 month high of $41.63. The business has a fifty day simple moving average of $33.70 and a 200-day simple moving average of $34.66.

STAG Industrial (NYSE:STAG - Get Free Report) last posted 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. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. The firm had revenue of $205.57 million for the quarter, compared to the consensus estimate of $202.04 million. During the same period in the previous year, the firm earned $0.59 EPS. The business's revenue for the quarter was up 9.7% compared to the same quarter last year. On average, research analysts expect 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. 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 dividend payout ratio (DPR) is presently 112.03%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on STAG. Robert W. Baird decreased their price target on shares of STAG Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Barclays decreased 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 note on Tuesday, January 28th. Raymond James increased their price target on STAG Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, 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. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $39.63.

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.