Nuveen Asset Management LLC Acquires 204,948 Shares of STAG Industrial, Inc. (NYSE:STAG)

Nuveen Asset Management LLC increased its position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,679,641 shares of the real estate investment trust's stock after purchasing an additional 204,948 shares during the period. Nuveen Asset Management LLC owned about 2.02% of STAG Industrial worth $124,445,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of STAG. Park Avenue Securities LLC increased its position in shares of STAG Industrial by 40.3% during the fourth quarter. Park Avenue Securities LLC now owns 7,284 shares of the real estate investment trust's stock valued at $246,000 after purchasing an additional 2,091 shares during the period. Hennion & Walsh Asset Management Inc. increased its position in shares of STAG Industrial by 3.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 12,025 shares of the real estate investment trust's stock valued at $407,000 after purchasing an additional 347 shares during the period. Wedge Capital Management L L P NC increased its position in shares of STAG Industrial by 0.3% during the fourth quarter. Wedge Capital Management L L P NC now owns 359,561 shares of the real estate investment trust's stock valued at $12,160,000 after purchasing an additional 949 shares during the period. Merit Financial Group LLC bought a new stake in shares of STAG Industrial during the fourth quarter valued at approximately $584,000. Finally, HB Wealth Management LLC bought a new stake in shares of STAG Industrial during the fourth quarter valued at approximately $294,000. 88.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Robert W. Baird lowered their price objective on STAG Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Barclays decreased their price target on 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 boosted 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 reaffirmed a "sector perform" rating and issued a $38.00 price target on shares of STAG Industrial in a research note on Monday. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $39.63.

STAG Industrial Stock Performance

Shares of NYSE STAG traded down $0.24 during trading hours on Tuesday, reaching $35.58. 1,532,426 shares of the stock were exchanged, compared to its average volume of 1,220,849. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 34.21 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. The stock's fifty day simple moving average is $33.80 and its 200 day simple moving average is $34.75.

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 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.01. The firm had revenue of $205.57 million for the quarter, compared to analyst estimates of $202.04 million. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. The company's revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the company earned $0.59 EPS. Sell-side analysts predict that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.1242 per share. This represents a $1.49 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend is Monday, June 30th. STAG Industrial's dividend payout ratio (DPR) is 112.03%.

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.