STAG Industrial, Inc. (NYSE:STAG) Shares Acquired by Congress Asset Management Co. MA

Congress Asset Management Co. MA lifted its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 213,724 shares of the real estate investment trust’s stock after buying an additional 764 shares during the quarter. Congress Asset Management Co. MA owned approximately 0.12% of STAG Industrial worth $8,391,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its stake in STAG Industrial by 22.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,248,373 shares of the real estate investment trust’s stock valued at $206,051,000 after purchasing an additional 961,420 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in STAG Industrial by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,832,545 shares of the real estate investment trust’s stock valued at $111,206,000 after purchasing an additional 104,190 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in STAG Industrial by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,660,590 shares of the real estate investment trust’s stock valued at $104,456,000 after purchasing an additional 39,739 shares during the last quarter. Boston Trust Walden Corp increased its stake in STAG Industrial by 1.1% during the fourth quarter. Boston Trust Walden Corp now owns 2,539,129 shares of the real estate investment trust’s stock valued at $99,686,000 after purchasing an additional 28,304 shares during the last quarter. Finally, Norges Bank bought a new stake in STAG Industrial during the fourth quarter valued at $69,990,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

STAG Industrial Price Performance

Shares of NYSE STAG opened at $34.96 on Monday. STAG Industrial, Inc. has a twelve month low of $31.69 and a twelve month high of $39.61. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 34.96, a PEG ratio of 4.94 and a beta of 1.08. The firm has a 50-day moving average of $35.41 and a two-hundred day moving average of $37.02.

STAG Industrial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.1233 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend is Friday, June 28th. STAG Industrial’s payout ratio is 148.00%.

Insider Buying and Selling at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 30,000 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $34.81, for a total value of $1,044,300.00. Following the completion of the sale, the director now directly owns 8,304 shares of the company’s stock, valued at approximately $289,062.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on STAG. BMO Capital Markets restated an “outperform” rating and set a $42.00 price target (up previously from $41.00) on shares of STAG Industrial in a research report on Monday, April 8th. Barclays lowered their price target on shares of STAG Industrial from $40.00 to $39.00 and set an “equal weight” rating for the company in a research report on Friday, May 24th. Finally, BNP Paribas began coverage on shares of STAG Industrial in a research report on Tuesday, June 4th. They set a “neutral” rating and a $39.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, STAG Industrial has an average rating of “Hold” and a consensus target price of $39.00.

STAG Industrial Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.