Pennington Partners & CO. LLC Invests $616,000 in STAG Industrial, Inc. (NYSE:STAG)

Pennington Partners & CO. LLC purchased a new stake in STAG Industrial, Inc. (NYSE:STAG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 18,160 shares of the real estate investment trust's stock, valued at approximately $616,000.

Several other large investors have also made changes to their positions in the company. FMR LLC increased its stake in STAG Industrial by 30.1% during the fourth quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust's stock valued at $305,224,000 after acquiring an additional 2,088,839 shares during the period. Earnest Partners LLC raised its stake in shares of STAG Industrial by 6.6% in the fourth quarter. Earnest Partners LLC now owns 3,795,425 shares of the real estate investment trust's stock valued at $128,361,000 after purchasing an additional 235,622 shares in the last quarter. Geode Capital Management LLC boosted its stake in STAG Industrial by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 3,421,549 shares of the real estate investment trust's stock worth $115,748,000 after buying an additional 18,009 shares in the last quarter. Channing Capital Management LLC increased its holdings in STAG Industrial by 7.8% in the 4th quarter. Channing Capital Management LLC now owns 2,259,638 shares of the real estate investment trust's stock valued at $76,421,000 after buying an additional 164,284 shares during the period. Finally, Norges Bank bought a new position in shares of STAG Industrial during the 4th quarter worth about $75,471,000. Institutional investors own 88.67% of the company's stock.

STAG Industrial Stock Down 0.5 %

STAG Industrial stock traded down $0.18 during mid-day trading on Monday, reaching $33.69. The company's stock had a trading volume of 1,227,135 shares, compared to its average volume of 1,192,568. 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 12 month low of $28.61 and a 12 month high of $41.63. The business's 50 day simple moving average is $34.15 and its 200 day simple moving average is $34.97. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 32.39 and a beta of 0.96.

STAG Industrial (NYSE:STAG - Get Free Report) last released its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. The business had revenue of $205.57 million for the quarter, compared to the consensus estimate of $202.04 million. During the same quarter in the previous year, the business earned $0.59 earnings per share. STAG Industrial's quarterly revenue was up 9.7% on a year-over-year basis. As a group, research analysts anticipate that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.1242 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.49 annualized dividend and a yield of 4.42%. STAG Industrial's dividend payout ratio (DPR) is currently 112.03%.

Insider Buying and Selling

In other news, Director Benjamin S. Butcher sold 50,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the completion of the sale, the director now owns 9,632 shares in the company, valued at $338,083.20. The trade was a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

STAG has been the topic of a number of recent research reports. Raymond James decreased their price objective on STAG Industrial from $40.00 to $36.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Royal Bank of Canada lowered their target price on shares of STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a report on Monday, January 27th. Finally, Barclays dropped their price objective on shares of STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $39.57.

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.