Lighthouse Investment Partners LLC Makes New Investment in STAG Industrial, Inc. (NYSE:STAG)

Lighthouse Investment Partners LLC purchased a new stake in STAG Industrial, Inc. (NYSE:STAG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 135,000 shares of the real estate investment trust's stock, valued at approximately $4,566,000. Lighthouse Investment Partners LLC owned 0.07% of STAG Industrial at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new stake in STAG Industrial in the 4th quarter valued at approximately $75,471,000. FMR LLC boosted its position in STAG Industrial by 30.1% during the 4th quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust's stock worth $305,224,000 after acquiring an additional 2,088,839 shares during the period. Raymond James Financial Inc. bought a new position in shares of STAG Industrial in the fourth quarter worth $57,561,000. Northern Trust Corp increased its holdings in shares of STAG Industrial by 33.3% during the fourth quarter. Northern Trust Corp now owns 2,090,046 shares of the real estate investment trust's stock valued at $70,685,000 after purchasing an additional 522,568 shares during the period. Finally, Franklin Resources Inc. raised its stake 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 in the last quarter. Institutional investors own 88.67% of the company's stock.

STAG Industrial Price Performance

Shares of NYSE:STAG traded up $0.38 during trading hours on Friday, hitting $35.86. 1,450,645 shares of the company's stock traded hands, compared to its average volume of 1,217,290. The company's fifty day simple moving average is $33.81 and its two-hundred day simple moving average is $34.80. The company has a market cap of $6.69 billion, a price-to-earnings ratio of 34.48 and a beta of 0.93. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36. STAG Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $41.63.

STAG Industrial (NYSE:STAG - Get Free Report) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.01. The firm had revenue of $205.57 million during the quarter, compared to analysts' expectations of $202.04 million. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. The firm's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the firm posted $0.59 earnings per share. As a group, equities analysts anticipate that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.1242 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend is Monday, June 30th. STAG Industrial's dividend payout ratio (DPR) is presently 112.03%.

Insider Activity

In related news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial 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 transaction, the director now owns 9,632 shares of the company's stock, valued at approximately $338,083.20. This trade represents a 83.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

STAG has been the subject of a number of recent analyst reports. Royal Bank of Canada decreased their target price on shares of STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating for the company in a research report on Monday, January 27th. Raymond James upped their price target on shares of STAG Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Robert W. Baird lowered their price objective on shares of STAG Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Finally, Barclays dropped their target price 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, STAG Industrial currently has a consensus rating of "Hold" and a consensus target price of $39.63.

STAG Industrial Company 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.