Motley Fool Asset Management LLC Purchases 4,509 Shares of STAG Industrial, Inc. (NYSE:STAG)

Motley Fool Asset Management LLC boosted its stake in STAG Industrial, Inc. (NYSE:STAG) by 7.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,465 shares of the real estate investment trust’s stock after acquiring an additional 4,509 shares during the quarter. Motley Fool Asset Management LLC’s holdings in STAG Industrial were worth $2,452,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its stake in shares of STAG Industrial by 1.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,286,953 shares of the real estate investment trust’s stock worth $147,943,000 after purchasing an additional 59,463 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of STAG Industrial by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,728,355 shares of the real estate investment trust’s stock worth $94,156,000 after buying an additional 73,224 shares during the period. Boston Trust Walden Corp boosted its holdings in shares of STAG Industrial by 1.1% during the 4th quarter. Boston Trust Walden Corp now owns 2,539,129 shares of the real estate investment trust’s stock worth $99,686,000 after buying an additional 28,304 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of STAG Industrial by 3.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,444,172 shares of the real estate investment trust’s stock worth $84,348,000 after buying an additional 76,407 shares during the period. Finally, Invesco Ltd. boosted its holdings in STAG Industrial by 35.3% in the 3rd quarter. Invesco Ltd. now owns 1,613,265 shares of the real estate investment trust’s stock valued at $55,674,000 after purchasing an additional 420,768 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

STAG has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, February 16th. Barclays assumed coverage on shares of STAG Industrial in a research report on Wednesday, March 27th. They issued an “equal weight” rating and a $40.00 price target for the company. Robert W. Baird restated a “neutral” rating and issued a $41.00 price target (up from $38.00) on shares of STAG Industrial in a research report on Friday, January 5th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $42.00 price objective (up from $41.00) on shares of STAG Industrial in a research report on Monday, April 8th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $39.13.

STAG Industrial Stock Down 0.2 %

STAG Industrial stock traded down $0.06 during midday trading on Friday, hitting $34.48. 1,268,709 shares of the stock were exchanged, compared to its average volume of 1,144,506. STAG Industrial, Inc. has a 52-week low of $31.69 and a 52-week high of $39.61. The stock has a market capitalization of $6.27 billion, a price-to-earnings ratio of 31.93, a price-to-earnings-growth ratio of 4.90 and a beta of 1.02. The business’s 50-day moving average price is $37.20 and its 200-day moving average price is $36.81. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.76.

STAG Industrial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a dividend of $0.1233 per share. This represents a $1.48 annualized dividend and a yield of 4.29%. The ex-dividend date is Friday, June 28th. STAG Industrial’s dividend payout ratio (DPR) is presently 137.04%.

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.