Vert Asset Management LLC Acquires 5,605 Shares of STAG Industrial, Inc. (NYSE:STAG)

Vert Asset Management LLC lifted its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 7.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 85,121 shares of the real estate investment trust’s stock after buying an additional 5,605 shares during the period. STAG Industrial comprises about 1.1% of Vert Asset Management LLC’s portfolio, making the stock its 25th biggest holding. Vert Asset Management LLC’s holdings in STAG Industrial were worth $3,075,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in STAG Industrial in the fourth quarter valued at approximately $75,471,000. FMR LLC lifted its stake in shares of STAG Industrial by 30.1% in the 4th quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust’s stock valued at $305,224,000 after acquiring an additional 2,088,839 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of STAG Industrial during the 4th quarter valued at $57,561,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of STAG Industrial by 442.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,364,411 shares of the real estate investment trust’s stock valued at $46,144,000 after acquiring an additional 1,112,757 shares in the last quarter. Finally, Northern Trust Corp grew its position in STAG Industrial by 33.3% during the 4th quarter. Northern Trust Corp now owns 2,090,046 shares of the real estate investment trust’s stock worth $70,685,000 after acquiring an additional 522,568 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on STAG. Royal Bank of Canada reiterated a “sector perform” rating and issued a $38.00 target price on shares of STAG Industrial in a research report on Monday, May 19th. Robert W. Baird lowered their price objective on STAG Industrial from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Finally, Raymond James raised their price objective on shares of STAG Industrial from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $39.71.

STAG Industrial Stock Up 1.9%

Shares of STAG opened at $36.86 on Monday. The stock’s 50-day moving average price is $33.83 and its two-hundred day moving average price is $34.62. STAG Industrial, Inc. has a 12 month low of $28.61 and a 12 month high of $41.63. The company has a market capitalization of $6.88 billion, a PE ratio of 35.44 and a beta of 0.94. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86.

STAG Industrial (NYSE:STAG) last posted its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. The company had revenue of $205.57 million for the quarter, compared to analyst estimates of $202.04 million. During the same period in the previous year, the firm earned $0.59 earnings per share. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. On average, analysts anticipate that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $0.1242 dividend. This represents a yield of 4.37%. The ex-dividend date is Friday, May 30th. STAG Industrial’s dividend payout ratio (DPR) is currently 112.03%.

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.