STAG Industrial, Inc. (NYSE:STAG) Shares Acquired by Vert Asset Management LLC

Vert Asset Management LLC grew its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,516 shares of the real estate investment trust’s stock after purchasing an additional 3,948 shares during the period. STAG Industrial makes up about 0.9% of Vert Asset Management LLC’s investment portfolio, making the stock its 27th largest position. Vert Asset Management LLC’s holdings in STAG Industrial were worth $2,689,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC boosted its stake in STAG Industrial by 145.5% during the 3rd quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust’s stock valued at $271,132,000 after acquiring an additional 4,111,268 shares during the last quarter. Bank of Montreal Can lifted its stake in STAG Industrial by 330.5% during the third 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. Westfield Capital Management Co. LP increased its stake in STAG Industrial by 36.0% during the third quarter. Westfield Capital Management Co. LP now owns 1,670,586 shares of the real estate investment trust’s stock valued at $65,303,000 after purchasing an additional 442,618 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings 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 valued at $123,883,000 after buying an additional 227,629 shares during the period. Finally, Heitman Real Estate Securities LLC raised its stake in STAG Industrial by 19.8% during the third quarter. Heitman Real Estate Securities LLC now owns 1,063,909 shares of the real estate investment trust’s stock worth $41,588,000 after acquiring an additional 175,993 shares during the period. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

STAG Industrial Stock Performance

STAG opened at $34.66 on Tuesday. STAG Industrial, Inc. has a 1-year low of $32.27 and a 1-year high of $41.63. The company has a market capitalization of $6.31 billion, a price-to-earnings ratio of 35.01 and a beta of 1.09. The business has a 50 day moving average price of $34.85 and a two-hundred day moving average price of $37.42. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42.

STAG Industrial Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.1242 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.49 annualized dividend and a yield of 4.30%. STAG Industrial’s dividend payout ratio is currently 149.49%.

Analysts Set New Price Targets

STAG has been the subject of a number of analyst reports. Barclays reduced their price objective on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Raymond James boosted their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Royal Bank of Canada dropped their price target on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Monday. Finally, Wells Fargo & Company decreased their price objective on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $40.75.

STAG Industrial Company 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.