Sherbrooke Park Advisers LLC acquired a new position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 17,278 shares of the real estate investment trust's stock, valued at approximately $584,000.
Several other hedge funds and other institutional investors have also made changes to their positions in STAG. Norges Bank acquired a new position in shares of STAG Industrial during the fourth quarter worth approximately $75,471,000. FMR LLC boosted its position in shares of 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 worth $305,224,000 after buying an additional 2,088,839 shares during the period. Raymond James Financial Inc. acquired a new position in shares of STAG Industrial during the fourth quarter worth approximately $57,561,000. Northern Trust Corp boosted its position in shares of STAG Industrial by 33.3% during the fourth quarter. Northern Trust Corp now owns 2,090,046 shares of the real estate investment trust's stock worth $70,685,000 after buying an additional 522,568 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of STAG Industrial by 114.3% during the 4th quarter. Franklin Resources Inc. now owns 797,457 shares of the real estate investment trust's stock worth $26,970,000 after buying an additional 425,362 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
STAG has been the topic of a number of recent analyst reports. Robert W. Baird dropped their price target on shares of STAG Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Raymond James boosted their price target on shares of STAG Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $38.00 target price on shares of STAG Industrial in a report on Monday. Finally, Barclays reduced their price objective on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 28th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, STAG Industrial currently has a consensus rating of "Hold" and an average price target of $39.63.
View Our Latest Stock Analysis on STAG
STAG Industrial Trading Down 0.6%
Shares of NYSE:STAG traded down $0.22 during mid-day trading on Thursday, hitting $34.18. The stock had a trading volume of 482,147 shares, compared to its average volume of 1,222,307. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market cap of $6.38 billion, a PE ratio of 32.83 and a beta of 0.93. STAG Industrial, Inc. has a 12-month low of $28.61 and a 12-month high of $41.63. The company's 50 day moving average is $33.79 and its 200-day moving average is $34.76.
STAG Industrial (NYSE:STAG - Get Free Report) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. The company had revenue of $205.57 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned $0.59 EPS. On average, sell-side analysts predict that STAG Industrial, Inc. will post 2.47 EPS for the current year.
STAG Industrial Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.1242 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.36%. STAG Industrial's dividend payout ratio is 112.03%.
STAG Industrial Profile
(
Free Report)
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.
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