DekaBank Deutsche Girozentrale Acquires 55,749 Shares of STAG Industrial, Inc. (NYSE:STAG)

DekaBank Deutsche Girozentrale increased its position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 63.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,671 shares of the real estate investment trust's stock after purchasing an additional 55,749 shares during the period. DekaBank Deutsche Girozentrale owned 0.08% of STAG Industrial worth $5,777,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in STAG Industrial by 1.0% during the third quarter. Vanguard Group Inc. now owns 26,016,580 shares of the real estate investment trust's stock worth $739,651,000 after purchasing an additional 253,301 shares in the last quarter. State Street Corp increased its holdings in shares of STAG Industrial by 11.6% in the second quarter. State Street Corp now owns 9,782,753 shares of the real estate investment trust's stock valued at $352,179,000 after buying an additional 1,016,348 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of STAG Industrial by 1.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,286,953 shares of the real estate investment trust's stock valued at $147,943,000 after buying an additional 59,463 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of STAG Industrial by 13.9% in the fourth quarter. Alliancebernstein L.P. now owns 4,241,749 shares of the real estate investment trust's stock valued at $137,051,000 after buying an additional 516,088 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of STAG Industrial by 3.6% in the first quarter. Geode Capital Management LLC now owns 3,806,675 shares of the real estate investment trust's stock valued at $128,742,000 after buying an additional 132,536 shares in the last quarter. Institutional investors own 88.67% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on STAG. Barclays began coverage on STAG Industrial in a report on Wednesday, March 27th. They issued an "equal weight" rating and a $40.00 price target on the stock. BMO Capital Markets reaffirmed an "outperform" rating and issued a $42.00 price target (up previously from $41.00) on shares of STAG Industrial in a report on Monday. Robert W. Baird reaffirmed a "neutral" rating and issued a $41.00 price target (up previously from $38.00) on shares of STAG Industrial in a report on Friday, January 5th. Finally, Royal Bank of Canada upped their price target on STAG Industrial from $39.00 to $40.00 and gave the company a "sector perform" rating in a report on Friday, February 16th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, STAG Industrial has an average rating of "Hold" and a consensus price target of $39.13.

STAG Industrial Stock Up 0.5 %

Shares of NYSE STAG traded up $0.20 during mid-day trading on Thursday, reaching $37.38. The company had a trading volume of 716,391 shares, compared to its average volume of 1,134,521. The stock has a fifty day moving average of $37.75 and a two-hundred day moving average of $36.72. STAG Industrial, Inc. has a 12-month low of $31.69 and a 12-month high of $39.61. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 34.61, a PEG ratio of 5.38 and a beta of 1.02. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.79 and a current ratio of 1.79.

STAG Industrial Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a dividend of $0.1233 per share. The ex-dividend date of this dividend is Friday, May 31st. This is an increase from STAG Industrial's previous monthly dividend of $0.12. This represents a $1.48 dividend on an annualized basis and a yield of 3.96%. STAG Industrial's payout ratio is presently 137.04%.

About STAG Industrial

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.