Congress Asset Management Co. Raises Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Congress Asset Management Co. raised its holdings in STAG Industrial, Inc. (NYSE:STAG) by 10.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 220,929 shares of the real estate investment trust’s stock after purchasing an additional 20,327 shares during the quarter. Congress Asset Management Co.’s holdings in STAG Industrial were worth $7,472,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sugar Maple Asset Management LLC purchased a new stake in shares of STAG Industrial in the fourth quarter worth about $43,000. Coastline Trust Co acquired a new position in STAG Industrial in the third quarter valued at approximately $55,000. Hilltop National Bank boosted its position 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. Blue Trust Inc. grew its stake in shares of STAG Industrial by 133.5% during the 3rd quarter. Blue Trust Inc. now owns 3,159 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 1,806 shares during the period. Finally, Signaturefd LLC increased its holdings in shares of STAG Industrial by 27.0% during the 3rd quarter. Signaturefd LLC now owns 2,995 shares of the real estate investment trust’s stock valued at $117,000 after purchasing an additional 636 shares in the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

STAG has been the topic of several analyst reports. Wells Fargo & Company dropped their price target on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Raymond James raised their target price on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Royal Bank of Canada reduced their price target on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a report on Monday, January 27th. Finally, Barclays dropped their price objective on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $40.38.

STAG Industrial Price Performance

NYSE:STAG opened at $35.07 on Monday. The stock has a 50 day moving average of $34.32 and a two-hundred day moving average of $36.94. STAG Industrial, Inc. has a 12 month low of $32.27 and a 12 month high of $41.63. The firm has a market cap of $6.39 billion, a P/E ratio of 35.42 and a beta of 1.09. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87.

STAG Industrial (NYSE:STAG) last issued its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate of $0.18 by $0.43. STAG Industrial had a return on equity of 5.27% and a net margin of 23.94%. On average, analysts expect that STAG Industrial, Inc. will post 2.41 earnings per share for the current fiscal year.

STAG Industrial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.1242 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend is Monday, March 31st. STAG Industrial’s dividend payout ratio (DPR) is 150.51%.

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.