Gotham Asset Management LLC Purchases 710 Shares of STAG Industrial, Inc. (NYSE:STAG)

Gotham Asset Management LLC increased its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 9.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,349 shares of the real estate investment trust’s stock after acquiring an additional 710 shares during the period. Gotham Asset Management LLC’s holdings in STAG Industrial were worth $282,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. FMR LLC raised its stake in shares of STAG Industrial by 30.1% in the 4th quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust’s stock valued at $305,224,000 after purchasing an additional 2,088,839 shares during the period. Earnest Partners LLC lifted its holdings in STAG Industrial by 6.6% during the 4th quarter. Earnest Partners LLC now owns 3,795,425 shares of the real estate investment trust’s stock worth $128,361,000 after purchasing an additional 235,622 shares during the last quarter. Geode Capital Management LLC lifted its holdings in STAG Industrial by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 3,421,549 shares of the real estate investment trust’s stock worth $115,748,000 after purchasing an additional 18,009 shares during the last quarter. Channing Capital Management LLC increased its stake in STAG Industrial by 7.8% during the 4th quarter. Channing Capital Management LLC now owns 2,259,638 shares of the real estate investment trust’s stock worth $76,421,000 after acquiring an additional 164,284 shares during the period. Finally, Norges Bank bought a new position in shares of STAG Industrial in the 4th quarter valued at $75,471,000. 88.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

STAG has been the topic of several recent research reports. Raymond James raised their price objective on STAG Industrial from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Barclays decreased their target price on 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. Royal Bank of Canada reissued a “sector perform” rating and set a $38.00 price objective on shares of STAG Industrial in a report on Monday. Finally, 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, May 7th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, STAG Industrial has an average rating of “Hold” and a consensus price target of $39.63.

STAG Industrial Trading Down 0.7%

NYSE:STAG opened at $35.58 on Wednesday. The company has a 50 day simple moving average of $33.81 and a two-hundred day simple moving average of $34.76. The company has a market cap of $6.64 billion, a PE ratio of 34.21 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 has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86.

STAG Industrial (NYSE:STAG) last announced its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. The business had revenue of $205.57 million for the quarter, compared to analysts’ expectations of $202.04 million. During the same quarter in the previous year, the company earned $0.59 EPS. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. Research analysts forecast 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 given a dividend of $0.1242 per share. The ex-dividend date is Monday, June 30th. This represents a $1.49 dividend on an annualized basis and a yield of 4.19%. STAG Industrial’s payout ratio is 112.03%.

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.