STAG Industrial, Inc. (NYSE:STAG) Shares Acquired by Boston Trust Walden Corp

Boston Trust Walden Corp boosted its holdings in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,539,129 shares of the real estate investment trust's stock after acquiring an additional 28,304 shares during the period. Boston Trust Walden Corp owned 1.40% of STAG Industrial worth $99,686,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in STAG. Asset Management One Co. Ltd. grew its position in STAG Industrial by 5.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 387,971 shares of the real estate investment trust's stock valued at $15,356,000 after acquiring an additional 20,831 shares in the last quarter. Private Trust Co. NA lifted its stake in STAG Industrial by 15.5% in the fourth quarter. Private Trust Co. NA now owns 2,605 shares of the real estate investment trust's stock valued at $102,000 after buying an additional 349 shares during the last quarter. State of Michigan Retirement System raised its stake in shares of STAG Industrial by 1.4% during the fourth quarter. State of Michigan Retirement System now owns 43,600 shares of the real estate investment trust's stock valued at $1,712,000 after purchasing an additional 600 shares in the last quarter. Claro Advisors LLC bought a new stake in shares of STAG Industrial during the fourth quarter valued at about $239,000. Finally, Fifth Third Bancorp raised its stake in shares of STAG Industrial by 31.4% during the fourth quarter. Fifth Third Bancorp now owns 1,189 shares of the real estate investment trust's stock valued at $47,000 after purchasing an additional 284 shares in the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

STAG Industrial Stock Performance

STAG traded down $0.12 during mid-day trading on Thursday, reaching $37.20. 573,089 shares of the company traded hands, compared to its average volume of 1,159,486. The stock has a market capitalization of $6.76 billion, a P/E ratio of 34.44, a P/E/G ratio of 5.25 and a beta of 1.02. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.76. The company's fifty day moving average price is $37.75 and its 200-day moving average price is $36.65. STAG Industrial, Inc. has a 52-week low of $31.69 and a 52-week high of $39.61.

STAG Industrial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be issued a $0.1233 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend is Wednesday, March 27th. STAG Industrial's payout ratio is 137.04%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Barclays assumed coverage on STAG Industrial in a research note on Wednesday, March 27th. They set an "equal weight" rating and a $40.00 target price on the stock. Royal Bank of Canada upped their price target on STAG Industrial from $39.00 to $40.00 and gave the stock a "sector perform" rating in a report on Friday, February 16th. Finally, Robert W. Baird restated a "neutral" rating and set a $41.00 price objective (up from $38.00) on shares of STAG Industrial in a research report on Friday, January 5th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, STAG Industrial has a consensus rating of "Hold" and a consensus price target of $38.71.

STAG Industrial Company Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.

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.