STAG Industrial, Inc. (NYSE:STAG) Shares Sold by Spirit of America Management Corp NY

Spirit of America Management Corp NY decreased its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 6.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,950 shares of the real estate investment trust’s stock after selling 3,000 shares during the quarter. Spirit of America Management Corp NY’s holdings in STAG Industrial were worth $1,453,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC increased its position in shares of STAG Industrial by 145.5% in the 3rd 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. Geode Capital Management LLC increased its position in shares of STAG Industrial by 0.6% in 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 purchasing an additional 21,925 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of STAG Industrial by 7.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust’s stock worth $123,883,000 after purchasing an additional 227,629 shares during the last quarter. Westfield Capital Management Co. LP increased its position in shares of STAG Industrial by 36.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,670,586 shares of the real estate investment trust’s stock worth $65,303,000 after purchasing an additional 442,618 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of STAG Industrial by 330.5% in the 3rd quarter. Bank of Montreal Can now owns 1,346,149 shares of the real estate investment trust’s stock worth $52,823,000 after purchasing an additional 1,033,485 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Wall Street Analysts Forecast Growth

STAG has been the subject of a number of recent research reports. Royal Bank of Canada lowered their price objective on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research report on Monday, January 27th. Raymond James boosted their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Barclays lowered their price objective on shares of 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. Finally, Wells Fargo & Company lowered their price objective on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, STAG Industrial presently has an average rating of “Moderate Buy” and an average price target of $40.38.

STAG Industrial Trading Up 1.7 %

STAG Industrial stock opened at $34.39 on Wednesday. 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 firm has a 50-day moving average price of $34.57 and a two-hundred day moving average price of $37.24. The firm has a market capitalization of $6.27 billion, a price-to-earnings ratio of 34.73 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.

STAG Industrial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.1242 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date of this dividend is Monday, March 31st. STAG Industrial’s dividend payout ratio is currently 150.51%.

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.