Voya Investment Management LLC Has $2.20 Million Holdings in STAG Industrial, Inc. (NYSE:STAG)

Voya Investment Management LLC lifted its stake in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 25.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,174 shares of the real estate investment trust's stock after acquiring an additional 13,077 shares during the quarter. Voya Investment Management LLC's holdings in STAG Industrial were worth $2,204,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of STAG Industrial during the 4th quarter valued at $75,471,000. FMR LLC raised its position in STAG Industrial by 30.1% in the fourth quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust's stock worth $305,224,000 after acquiring an additional 2,088,839 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in STAG Industrial in the 4th quarter valued at about $57,561,000. Franklin Resources Inc. boosted 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 valued at $26,970,000 after purchasing an additional 425,362 shares in the last quarter. Finally, Prudential Financial Inc. raised its holdings in shares of STAG Industrial by 19.3% in the 4th quarter. Prudential Financial Inc. now owns 1,809,679 shares of the real estate investment trust's stock worth $61,203,000 after purchasing an additional 292,252 shares in the last quarter. Institutional investors own 88.67% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on STAG. Barclays decreased 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. Robert W. Baird reduced their target price on STAG Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a report on Wednesday. Raymond James boosted their price objective on STAG Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, Royal Bank of Canada lowered their price target on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a 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 company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $39.63.

STAG Industrial Trading Up 0.7 %

NYSE:STAG traded up $0.23 on Wednesday, reaching $33.42. The company's stock had a trading volume of 2,017,748 shares, compared to its average volume of 1,199,018. STAG Industrial, Inc. has a 1-year low of $28.61 and a 1-year high of $41.63. 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 firm has a market cap of $6.24 billion, a PE ratio of 32.13 and a beta of 0.93. The business's 50-day moving average price is $34.07 and its two-hundred day moving average price is $34.93.

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

STAG Industrial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.1242 per share. 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 4.46%. STAG Industrial's payout ratio is presently 112.03%.

Insider Activity at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total value of $1,755,000.00. Following the sale, the director now directly owns 9,632 shares in the company, valued at approximately $338,083.20. The trade was a 83.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is owned by 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.