Frontier Capital Management Co. LLC Trims Stake in STAG Industrial, Inc. (NYSE:STAG)

Frontier Capital Management Co. LLC cut its stake in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 13.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,120,574 shares of the real estate investment trust's stock after selling 171,977 shares during the period. Frontier Capital Management Co. LLC owned 0.61% of STAG Industrial worth $37,898,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of STAG. Norges Bank bought a new stake in shares of STAG Industrial during the fourth quarter valued at approximately $75,471,000. FMR LLC grew its position in shares of STAG Industrial by 30.1% in the 4th 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 during the period. Raymond James Financial Inc. bought a new stake in STAG Industrial during the fourth quarter worth about $57,561,000. Northern Trust Corp grew its holdings in STAG Industrial by 33.3% in the fourth quarter. Northern Trust Corp now owns 2,090,046 shares of the real estate investment trust's stock worth $70,685,000 after purchasing an additional 522,568 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of STAG Industrial by 114.3% during the fourth quarter. Franklin Resources Inc. now owns 797,457 shares of the real estate investment trust's stock valued at $26,970,000 after purchasing an additional 425,362 shares during the last quarter. 88.67% of the stock is owned by institutional investors.

STAG Industrial Price Performance

NYSE STAG opened at $33.85 on Friday. 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 business's fifty day moving average is $33.97 and its 200 day moving average is $34.89. The company has a market capitalization of $6.32 billion, a PE ratio of 32.55 and a beta of 0.93. STAG Industrial, Inc. has a fifty-two week low of $28.61 and a fifty-two week 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 analysts' consensus estimates of $0.60 by $0.01. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. The company had revenue of $205.57 million during the quarter, compared to the consensus estimate of $202.04 million. During the same period in the previous year, the company posted $0.59 EPS. The firm's revenue was up 9.7% on a year-over-year basis. Sell-side analysts predict that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.1242 dividend. This represents a $1.49 annualized dividend and a yield of 4.40%. The ex-dividend date of this dividend is Monday, June 30th. STAG Industrial's dividend payout ratio is currently 112.03%.

Insiders Place Their Bets

In other news, Director Benjamin S. Butcher sold 50,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total value of $1,755,000.00. Following the completion of the transaction, the director now owns 9,632 shares of the company's stock, valued at $338,083.20. This represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Royal Bank of Canada lowered their price objective on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating for the company in a research note on Monday, January 27th. Robert W. Baird decreased their target price on shares of STAG Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a report on Wednesday. Raymond James raised their price target on shares of STAG Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, Barclays lowered their price target on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 28th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.