STAG Industrial, Inc. (NYSE:STAG) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC reduced its position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 22.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 204,451 shares of the real estate investment trust's stock after selling 59,904 shares during the quarter. Fisher Asset Management LLC owned about 0.11% of STAG Industrial worth $8,027,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of STAG. Louisiana State Employees Retirement System purchased a new stake in STAG Industrial during the 4th quarter valued at $2,002,000. International Assets Investment Management LLC lifted its holdings in shares of STAG Industrial by 3,860.5% in the 4th quarter. International Assets Investment Management LLC now owns 114,816 shares of the real estate investment trust's stock worth $4,508,000 after acquiring an additional 111,917 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of STAG Industrial by 11.8% in the 3rd quarter. Sei Investments Co. now owns 501,596 shares of the real estate investment trust's stock worth $17,310,000 after acquiring an additional 53,109 shares during the last quarter. Schonfeld Strategic Advisors LLC boosted its stake in shares of STAG Industrial by 132.7% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 313,626 shares of the real estate investment trust's stock worth $10,823,000 after purchasing an additional 178,846 shares during the period. Finally, New York State Teachers Retirement System grew its holdings in STAG Industrial by 5.3% during the 4th quarter. New York State Teachers Retirement System now owns 38,605 shares of the real estate investment trust's stock valued at $1,516,000 after purchasing an additional 1,936 shares during the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

STAG Industrial Stock Up 2.0 %

Shares of STAG stock traded up $0.68 during mid-day trading on Tuesday, hitting $35.47. The stock had a trading volume of 1,575,505 shares, compared to its average volume of 1,157,782. STAG Industrial, Inc. has a 12-month low of $31.69 and a 12-month high of $39.61. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.75 and a quick ratio of 1.75. The firm's 50-day moving average is $36.75 and its two-hundred day moving average is $36.86. The firm has a market capitalization of $6.46 billion, a P/E ratio of 34.80, a price-to-earnings-growth ratio of 4.97 and a beta of 1.05.

STAG Industrial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.1233 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date is Friday, June 28th. STAG Industrial's dividend payout ratio (DPR) is presently 148.00%.

Analysts Set New Price Targets

Several research analysts have issued reports on STAG shares. Barclays started coverage on STAG Industrial in a research report on Wednesday, March 27th. They set an "equal weight" rating and a $40.00 target price for the company. Royal Bank of Canada upped their price objective on STAG Industrial from $39.00 to $40.00 and gave the company a "sector perform" rating in a research report on Friday, February 16th. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $42.00 target price (up from $41.00) on shares of STAG Industrial in a research report on Monday, April 8th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $39.13.

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.