MetLife Investment Management LLC Buys 8,413 Shares of STAG Industrial, Inc. (NYSE:STAG)

MetLife Investment Management LLC lifted its stake in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 8.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,042 shares of the real estate investment trust's stock after acquiring an additional 8,413 shares during the quarter. MetLife Investment Management LLC owned 0.06% of STAG Industrial worth $3,654,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Swiss National Bank boosted its position in shares of STAG Industrial by 0.8% in the 4th quarter. Swiss National Bank now owns 358,200 shares of the real estate investment trust's stock valued at $12,114,000 after purchasing an additional 2,800 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in STAG Industrial during the fourth quarter valued at 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. increased its position 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 acquiring an additional 8,259 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of STAG Industrial by 1.5% during the fourth quarter. US Bancorp DE now owns 27,107 shares of the real estate investment trust's stock valued at $917,000 after acquiring an additional 402 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

STAG Industrial Stock Performance

NYSE:STAG traded up $0.07 during trading hours on Thursday, hitting $33.10. 239,662 shares of the company traded hands, compared to its average volume of 1,192,833. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $6.18 billion, a price-to-earnings ratio of 31.92 and a beta of 0.96. The firm has a 50-day moving average of $34.23 and a 200 day moving average of $35.08. STAG Industrial, Inc. has a twelve month low of $28.61 and a twelve month 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 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 business had revenue of $205.57 million during the quarter, compared to analyst estimates of $202.04 million. During the same period in the prior year, the company posted $0.59 earnings per share. STAG Industrial's revenue was up 9.7% on a year-over-year basis. On average, analysts forecast that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.1242 per share. The ex-dividend date is Monday, June 30th. This represents a $1.49 annualized dividend and a yield of 4.50%. STAG Industrial's dividend payout ratio is 143.27%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Raymond James lowered their price objective on shares of STAG Industrial from $40.00 to $36.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Barclays dropped their price target on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada reduced 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. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $39.57.

Insider Transactions at STAG Industrial

In other news, Director Benjamin S. Butcher sold 50,000 shares of the firm's stock in a transaction on 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 sale, the director now directly owns 9,632 shares in the company, valued at approximately $338,083.20. This trade represents a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.10% of the company's stock.

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.