William Blair Investment Management LLC Acquires 635 Shares of STAG Industrial, Inc. (NYSE:STAG)

William Blair Investment Management LLC lifted its stake in STAG Industrial, Inc. (NYSE:STAG) by 9.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,672 shares of the real estate investment trust’s stock after acquiring an additional 635 shares during the period. William Blair Investment Management LLC’s holdings in STAG Industrial were worth $259,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund boosted its stake in STAG Industrial by 0.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,131 shares of the real estate investment trust’s stock worth $1,256,000 after purchasing an additional 300 shares during the period. Values First Advisors Inc. boosted its position in shares of STAG Industrial by 2.2% in the fourth quarter. Values First Advisors Inc. now owns 14,562 shares of the real estate investment trust’s stock valued at $492,000 after acquiring an additional 307 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in STAG Industrial by 3.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 12,025 shares of the real estate investment trust’s stock valued at $407,000 after acquiring an additional 347 shares in the last quarter. Peak Financial Advisors LLC increased its holdings in STAG Industrial by 3.0% during the 4th quarter. Peak Financial Advisors LLC now owns 12,415 shares of the real estate investment trust’s stock worth $420,000 after acquiring an additional 356 shares during the period. Finally, Hilltop National Bank lifted its stake in STAG Industrial by 19.2% in the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 362 shares in the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

STAG has been the topic of a number of recent analyst reports. Barclays lowered their price objective on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 28th. Royal Bank of Canada lowered their price target on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a report on Monday, January 27th. Finally, Raymond James boosted their price objective on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.38.

Insiders Place Their Bets

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial 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 approximately $338,083.20. The trade was a 83.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is owned by insiders.

STAG Industrial Trading Down 0.1 %

NYSE STAG opened at $35.44 on Thursday. STAG Industrial, Inc. has a 12 month low of $32.27 and a 12 month high of $41.63. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. The stock’s fifty day moving average price is $34.97 and its 200-day moving average price is $36.32. The stock has a market cap of $6.61 billion, a P/E ratio of 34.07 and a beta of 1.05.

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

STAG Industrial Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.1242 dividend. This represents a yield of 4.25%. This is an increase from STAG Industrial’s previous dividend of $0.12. The ex-dividend date was Friday, February 28th. STAG Industrial’s dividend payout ratio (DPR) is presently 143.27%.

About STAG Industrial

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.