Price T Rowe Associates Inc. MD Has $3.51 Million Position in STAG Industrial, Inc. (NYSE:STAG)

Price T Rowe Associates Inc. MD grew its stake in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 103,737 shares of the real estate investment trust's stock after purchasing an additional 9,169 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.06% of STAG Industrial worth $3,509,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of STAG. Hilltop National Bank boosted its holdings in STAG Industrial by 19.2% in the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust's stock worth $76,000 after purchasing an additional 362 shares during the period. Bridge Creek Capital Management LLC boosted its holdings in shares of STAG Industrial by 0.4% in the 4th quarter. Bridge Creek Capital Management LLC now owns 142,417 shares of the real estate investment trust's stock valued at $4,817,000 after buying an additional 600 shares during the period. Park Avenue Securities LLC grew its position in shares of STAG Industrial by 40.3% during the 4th quarter. Park Avenue Securities LLC now owns 7,284 shares of the real estate investment trust's stock valued at $246,000 after buying an additional 2,091 shares during the last quarter. Peak Financial Advisors LLC raised its stake in STAG Industrial by 3.0% during the fourth quarter. Peak Financial Advisors LLC now owns 12,415 shares of the real estate investment trust's stock worth $420,000 after acquiring an additional 356 shares during the period. Finally, Stolper Co lifted its holdings in STAG Industrial by 1.3% in the fourth quarter. Stolper Co now owns 51,957 shares of the real estate investment trust's stock worth $1,757,000 after acquiring an additional 680 shares during the last quarter. Institutional investors own 88.67% of the company's stock.

STAG Industrial Price Performance

Shares of STAG Industrial stock traded up $0.74 on Friday, hitting $34.60. The company had a trading volume of 1,923,824 shares, compared to its average volume of 1,203,656. STAG Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $41.63. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. The company has a market cap of $6.46 billion, a PE ratio of 33.27 and a beta of 0.93. The business has a 50-day simple moving average of $33.97 and a 200-day simple moving average of $34.89.

STAG Industrial (NYSE:STAG - Get Free Report) last issued its quarterly 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. The firm had revenue of $205.57 million during the quarter, compared to analyst estimates of $202.04 million. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. The firm's quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the company posted $0.59 EPS. Research analysts expect that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.1242 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date is Monday, June 30th. STAG Industrial's payout ratio is 112.03%.

Insider Activity

In related news, Director Benjamin S. Butcher sold 50,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total value of $1,755,000.00. Following the completion of the transaction, the director now owns 9,632 shares in the company, valued at $338,083.20. This trade represents a 83.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on STAG shares. Raymond James increased their price target on STAG Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research report on Wednesday. Royal Bank of Canada cut their target price on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a research note on Monday, January 27th. Barclays lowered their price target on shares of STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 28th. Finally, Robert W. Baird decreased their target price on shares of STAG Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $39.63.

STAG Industrial Profile

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.