Dana Investment Advisors Inc. Has $6.72 Million Holdings in STAG Industrial, Inc. (NYSE:STAG)

Dana Investment Advisors Inc. reduced its position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 12.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 171,069 shares of the real estate investment trust's stock after selling 23,264 shares during the quarter. Dana Investment Advisors Inc. owned about 0.09% of STAG Industrial worth $6,716,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of STAG. Raymond James & Associates raised its holdings in shares of STAG Industrial by 0.7% during the third quarter. Raymond James & Associates now owns 243,077 shares of the real estate investment trust's stock valued at $8,389,000 after acquiring an additional 1,755 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in STAG Industrial by 1.5% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 90,891 shares of the real estate investment trust's stock valued at $3,137,000 after buying an additional 1,374 shares during the period. Bank of New York Mellon Corp raised its position in STAG Industrial by 3.2% during the third quarter. Bank of New York Mellon Corp now owns 2,444,172 shares of the real estate investment trust's stock valued at $84,348,000 after buying an additional 76,407 shares during the period. Brown Advisory Inc. boosted its position in STAG Industrial by 35.3% during the 3rd quarter. Brown Advisory Inc. now owns 24,903 shares of the real estate investment trust's stock worth $859,000 after acquiring an additional 6,496 shares during the period. Finally, New York State Teachers Retirement System grew its stake in STAG Industrial by 8.4% during the 3rd quarter. New York State Teachers Retirement System now owns 36,669 shares of the real estate investment trust's stock valued at $1,265,000 after acquiring an additional 2,839 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

STAG Industrial Stock Down 0.6 %

NYSE STAG traded down $0.21 during trading on Friday, hitting $35.42. 733,369 shares of the company traded hands, compared to its average volume of 1,226,033. The company has a market capitalization of $6.45 billion, a P/E ratio of 35.42, a PEG ratio of 5.00 and a beta of 1.05. The business has a fifty day simple moving average of $36.60 and a 200 day simple moving average of $36.95. STAG Industrial, Inc. has a 12 month low of $31.69 and a 12 month high of $39.61. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.78.

STAG Industrial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.1233 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.48 annualized dividend and a yield of 4.18%. STAG Industrial's dividend payout ratio (DPR) is presently 148.00%.

Wall Street Analyst Weigh In

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

STAG Industrial 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.