Wedge Capital Management L L P NC Purchases 949 Shares of STAG Industrial, Inc. (NYSE:STAG)

Wedge Capital Management L L P NC lifted its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 0.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 359,561 shares of the real estate investment trust’s stock after purchasing an additional 949 shares during the quarter. Wedge Capital Management L L P NC owned about 0.20% of STAG Industrial worth $12,160,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. UMB Bank n.a. boosted its holdings in STAG Industrial by 54.1% in the third quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 306 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in STAG Industrial by 3.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 12,025 shares of the real estate investment trust’s stock worth $407,000 after acquiring an additional 347 shares in the last quarter. Peak Financial Advisors LLC boosted its holdings in STAG Industrial by 3.0% in the fourth quarter. Peak Financial Advisors LLC now owns 12,415 shares of the real estate investment trust’s stock worth $420,000 after acquiring an additional 356 shares in the last quarter. Hilltop National Bank boosted its holdings in STAG Industrial by 19.2% in the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock worth $76,000 after acquiring an additional 362 shares in the last quarter. Finally, Resources Management Corp CT ADV boosted its holdings in STAG Industrial by 1.3% in the second quarter. Resources Management Corp CT ADV now owns 29,475 shares of the real estate investment trust’s stock worth $1,063,000 after acquiring an additional 370 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

STAG has been the topic of several analyst reports. Raymond James boosted their target price on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Barclays lowered their price target on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. Finally, Wells Fargo & Company lowered their price target on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $41.00.

STAG Industrial Stock Down 2.0 %

STAG Industrial stock opened at $33.94 on Friday. The stock has a market cap of $6.18 billion, a PE ratio of 34.28 and a beta of 1.09. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. STAG Industrial, Inc. has a one year low of $32.27 and a one year high of $41.63. The stock has a fifty day moving average of $35.13 and a 200 day moving average of $37.49.

STAG Industrial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.1242 per share. This represents a $1.49 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend is Monday, March 31st. STAG Industrial’s dividend payout ratio (DPR) is presently 149.49%.

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.