Aristotle Capital Boston LLC Grows Holdings in STAG Industrial, Inc. (NYSE:STAG)

Aristotle Capital Boston LLC lifted its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 986,709 shares of the real estate investment trust’s stock after buying an additional 42,378 shares during the quarter. STAG Industrial makes up 1.2% of Aristotle Capital Boston LLC’s investment portfolio, making the stock its 28th largest position. Aristotle Capital Boston LLC owned about 0.54% of STAG Industrial worth $33,371,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Hilltop National Bank lifted its stake in shares of STAG Industrial by 19.2% during 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 during the period. Bridge Creek Capital Management LLC boosted its stake in STAG Industrial by 0.4% in the 4th quarter. Bridge Creek Capital Management LLC now owns 142,417 shares of the real estate investment trust’s stock worth $4,817,000 after buying an additional 600 shares during the last quarter. Park Avenue Securities LLC grew its holdings in STAG Industrial by 40.3% in the 4th quarter. Park Avenue Securities LLC now owns 7,284 shares of the real estate investment trust’s stock valued at $246,000 after buying an additional 2,091 shares during the period. Peak Financial Advisors LLC increased its stake in shares of 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 valued at $420,000 after acquiring an additional 356 shares during the last quarter. Finally, Stolper Co lifted its holdings in shares of STAG Industrial by 1.3% during the 4th quarter. Stolper Co now owns 51,957 shares of the real estate investment trust’s stock worth $1,757,000 after acquiring an additional 680 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

Insider Buying and Selling at STAG Industrial

In other news, Director Benjamin S. Butcher sold 50,000 shares of the company’s stock in a transaction dated 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 sale, the director now owns 9,632 shares in the company, valued at approximately $338,083.20. This represents a 83.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Barclays dropped their price target on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 28th. Raymond James cut their target price on STAG Industrial from $40.00 to $36.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Finally, Royal Bank of Canada reduced their price objective on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Monday, January 27th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, STAG Industrial has an average rating of “Hold” and an average price target of $39.57.

STAG Industrial Stock Up 2.3 %

Shares of NYSE:STAG opened at $33.84 on Friday. The company has a market capitalization of $6.32 billion, a price-to-earnings ratio of 32.54 and a beta of 0.96. The company has a 50 day moving average of $34.15 and a two-hundred day moving average of $35.03. 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, Inc. has a 52-week low of $28.61 and a 52-week high of $41.63.

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

STAG Industrial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.1242 per share. The ex-dividend date is Monday, June 30th. This represents a $1.49 annualized dividend and a yield of 4.40%. STAG Industrial’s dividend payout ratio is presently 112.03%.

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.