STAG Industrial, Inc. (NYSE:STAG) Stake Decreased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL reduced its stake in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 89.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,226 shares of the real estate investment trust's stock after selling 280,850 shares during the period. Tudor Investment Corp ET AL's holdings in STAG Industrial were worth $1,158,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC grew its stake 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 valued at $305,224,000 after acquiring an additional 2,088,839 shares in the last quarter. Earnest Partners LLC grew its stake in shares of STAG Industrial by 6.6% during 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 acquiring an additional 235,622 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of 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 valued at $115,748,000 after acquiring an additional 18,009 shares in the last quarter. Channing Capital Management LLC grew its stake in shares of STAG Industrial by 7.8% during the fourth 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 acquiring an additional 164,284 shares in the last quarter. Finally, Norges Bank bought a new position in shares of STAG Industrial during the fourth quarter worth about $75,471,000. 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 several research analyst reports. Barclays reduced their price target on shares of STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 28th. Raymond James increased 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. Robert W. Baird reduced 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. Finally, Royal Bank of Canada reduced their price target on shares of STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a research report on Monday, January 27th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $39.63.

STAG Industrial Stock Performance

NYSE STAG traded up $0.74 during trading hours on Friday, reaching $34.60. The company's stock had a trading volume of 1,923,824 shares, compared to its average volume of 1,206,472. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. The business has a 50-day simple moving average of $33.94 and a 200 day simple moving average of $34.83. STAG Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $41.63. The stock has a market cap of $6.46 billion, a PE ratio of 33.27 and a beta of 0.93.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.01. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. The firm had revenue of $205.57 million for the quarter, compared to analysts' expectations of $202.04 million. During the same quarter last year, the company posted $0.59 earnings per share. STAG Industrial's revenue was up 9.7% on a year-over-year basis. Equities research analysts predict that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Monday, June 30th. This represents a $1.49 dividend on an annualized basis and a yield of 4.31%. STAG Industrial's dividend payout ratio is currently 112.03%.

Insiders Place Their Bets

In other news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial 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 sale, the director now owns 9,632 shares of the company's stock, valued at approximately $338,083.20. The trade was a 83.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

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.