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

Victory Capital Management Inc. grew its position in STAG Industrial, Inc. (NYSE:STAG) by 29.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 439,297 shares of the real estate investment trust’s stock after buying an additional 99,727 shares during the quarter. Victory Capital Management Inc. owned 0.24% of STAG Industrial worth $14,857,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Sugar Maple Asset Management LLC acquired a new position in STAG Industrial in the 4th quarter valued at about $43,000. Coastline Trust Co acquired a new position in STAG Industrial in the 3rd quarter valued at about $55,000. Hilltop National Bank grew 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 valued at $76,000 after acquiring an additional 362 shares in the last quarter. Principal Securities Inc. grew its position in STAG Industrial by 20.7% in the 4th quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 510 shares in the last quarter. Finally, Aew Capital Management L P grew its position in STAG Industrial by 52.4% in the 4th quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust’s stock valued at $108,000 after acquiring an additional 1,100 shares in the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

STAG Industrial Stock Performance

Shares of STAG opened at $36.16 on Thursday. The stock has a 50 day moving average price of $34.75 and a 200 day moving average price of $36.49. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $6.75 billion, a price-to-earnings ratio of 34.76 and a beta of 1.05. STAG Industrial, Inc. has a 52-week low of $32.27 and a 52-week high of $41.63.

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 analysts’ consensus estimates of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. Research analysts predict that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be 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 of this dividend is Friday, February 28th. STAG Industrial’s dividend payout ratio is 143.27%.

Insider Activity at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 in the company, valued at approximately $338,083.20. The trade was a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on STAG shares. Barclays dropped their target price on 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 boosted their price objective on 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 lowered their price objective on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research report on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.38.

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.