STAG Industrial, Inc. (NYSE:STAG) Shares Bought by Stolper Co

Stolper Co lifted its stake in STAG Industrial, Inc. (NYSE:STAG) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,957 shares of the real estate investment trust’s stock after buying an additional 680 shares during the period. Stolper Co’s holdings in STAG Industrial were worth $1,757,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC grew its holdings in shares of STAG Industrial by 145.5% during the third quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust’s stock worth $271,132,000 after purchasing an additional 4,111,268 shares during the last quarter. Earnest Partners LLC grew its stake in STAG Industrial by 2.2% during the 2nd quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust’s stock worth $131,727,000 after buying an additional 78,189 shares during the last quarter. Geode Capital Management LLC grew its stake in STAG Industrial by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust’s stock worth $133,077,000 after buying an additional 21,925 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in STAG Industrial by 7.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust’s stock valued at $123,883,000 after buying an additional 227,629 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in STAG Industrial by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,865,673 shares of the real estate investment trust’s stock valued at $103,333,000 after buying an additional 167,532 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

STAG has been the topic of a number of recent research reports. Barclays cut their target price on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. Wells Fargo & Company dropped their price objective on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Finally, Raymond James increased their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, STAG Industrial presently has an average rating of “Moderate Buy” and an average target price of $41.00.

STAG Industrial Trading Up 0.7 %

NYSE STAG opened at $33.78 on Thursday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $6.16 billion, a P/E ratio of 34.12 and a beta of 1.09. STAG Industrial, Inc. has a 52-week low of $32.27 and a 52-week high of $41.63. The firm has a 50-day moving average price of $35.33 and a 200 day moving average price of $37.54.

STAG Industrial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.1242 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.49 annualized dividend and a dividend yield of 4.41%. STAG Industrial’s dividend payout ratio is currently 149.49%.

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.