STAG Industrial, Inc. (NYSE:STAG) Shares Acquired by Channing Capital Management LLC

Channing Capital Management LLC lifted its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 7.8% in the fourth quarter, HoldingsChannel reports. The firm owned 2,259,638 shares of the real estate investment trust’s stock after acquiring an additional 164,284 shares during the period. STAG Industrial makes up about 2.0% of Channing Capital Management LLC’s portfolio, making the stock its 21st biggest holding. Channing Capital Management LLC’s holdings in STAG Industrial were worth $76,421,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. FMR LLC lifted its stake in shares of STAG Industrial by 145.5% during the third quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust’s stock valued at $271,132,000 after buying an additional 4,111,268 shares during the period. Raymond James Financial Inc. acquired a new position in STAG Industrial in the 4th quarter valued at $57,561,000. Bank of Montreal Can lifted its stake in shares of STAG Industrial by 330.5% during 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 period. Westfield Capital Management Co. LP boosted its holdings in shares of 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 worth $65,303,000 after purchasing an additional 442,618 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of STAG Industrial by 7.7% in the third 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 purchasing an additional 227,629 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on STAG shares. Barclays dropped 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 note on Tuesday, January 28th. Raymond James upped their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada decreased 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 report on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.38.

STAG Industrial Price Performance

STAG Industrial stock opened at $36.83 on Tuesday. STAG Industrial, Inc. has a 52-week low of $32.27 and a 52-week high of $41.63. The firm has a fifty day moving average of $34.65 and a 200-day moving average of $36.52. The firm has a market capitalization of $6.87 billion, a P/E ratio of 35.41 and a beta of 1.05. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86.

STAG Industrial (NYSE:STAG) last announced its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. As a group, analysts predict that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.1242 dividend. The ex-dividend date is Friday, February 28th. This represents a dividend yield of 4.25%. This is a positive change from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s dividend payout ratio (DPR) is 143.27%.

Insider Buying and Selling

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total value of $1,755,000.00. Following the completion of the sale, the director now owns 9,632 shares of the company’s stock, valued at $338,083.20. This trade represents a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

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.