Vert Asset Management LLC Has $2.84 Million Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Vert Asset Management LLC boosted its position in STAG Industrial, Inc. (NYSE:STAG) by 3.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,967 shares of the real estate investment trust’s stock after buying an additional 2,272 shares during the quarter. STAG Industrial makes up about 1.2% of Vert Asset Management LLC’s holdings, making the stock its 25th biggest position. Vert Asset Management LLC’s holdings in STAG Industrial were worth $2,843,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in STAG Industrial in the 4th quarter worth $69,990,000. Cohen & Steers Inc. grew its position in STAG Industrial by 944.0% in the 4th quarter. Cohen & Steers Inc. now owns 1,121,330 shares of the real estate investment trust’s stock worth $44,023,000 after purchasing an additional 1,013,926 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in STAG Industrial by 22.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,248,373 shares of the real estate investment trust’s stock worth $206,051,000 after purchasing an additional 961,420 shares during the last quarter. Russell Investments Group Ltd. grew its position in STAG Industrial by 274.5% in the 4th quarter. Russell Investments Group Ltd. now owns 1,078,879 shares of the real estate investment trust’s stock worth $42,392,000 after purchasing an additional 790,794 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in STAG Industrial by 788.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 669,393 shares of the real estate investment trust’s stock worth $26,281,000 after purchasing an additional 594,076 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

STAG Industrial Price Performance

NYSE:STAG traded up $0.14 on Thursday, reaching $35.19. The stock had a trading volume of 223,722 shares, compared to its average volume of 1,091,864. The company has a market capitalization of $6.41 billion, a P/E ratio of 35.05, a price-to-earnings-growth ratio of 4.98 and a beta of 1.08. STAG Industrial, Inc. has a 1-year low of $31.69 and a 1-year high of $39.61. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.78. The stock has a fifty day moving average price of $35.19 and a 200-day moving average price of $36.97.

STAG Industrial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.1233 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.21%. STAG Industrial’s payout ratio is 148.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on STAG shares. BNP Paribas assumed coverage on shares of STAG Industrial in a report on Tuesday, June 4th. They set a “neutral” rating and a $39.00 price objective for the company. Barclays decreased their target price on shares of STAG Industrial from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Friday, May 24th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $42.00 target price (up from $41.00) on shares of STAG Industrial in a research report on Monday, April 8th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, STAG Industrial presently has an average rating of “Hold” and an average target price of $39.00.

Insider Transactions at STAG Industrial

In other news, Director Benjamin S. Butcher sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $34.81, for a total transaction of $1,044,300.00. Following the transaction, the director now directly owns 8,304 shares in the company, valued at $289,062.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by company insiders.

About STAG Industrial

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.