Wedge Capital Management L L P NC Raises Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Wedge Capital Management L L P NC grew its stake in STAG Industrial, Inc. (NYSE:STAG) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 359,561 shares of the real estate investment trust’s stock after buying an additional 949 shares during the quarter. Wedge Capital Management L L P NC’s holdings in STAG Industrial were worth $12,160,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. UMB Bank n.a. boosted its stake in shares of STAG Industrial by 54.1% in the third quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 306 shares during the period. Coastline Trust Co bought a new position in shares of STAG Industrial in the third quarter worth about $55,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of STAG Industrial in the second quarter worth about $57,000. GAMMA Investing LLC boosted its stake in shares of STAG Industrial by 72.7% in the third quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 659 shares during the period. Finally, Hilltop National Bank boosted its stake in shares of STAG Industrial by 19.2% in the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock worth $76,000 after acquiring an additional 362 shares during the period. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on STAG shares. Wells Fargo & Company dropped their price objective on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Barclays dropped their price target on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Finally, Raymond James increased their price target on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.00.

STAG Industrial Price Performance

NYSE:STAG opened at $33.94 on Friday. The firm has a market capitalization of $6.18 billion, a price-to-earnings ratio of 34.28 and a beta of 1.09. STAG Industrial, Inc. has a 1 year low of $32.27 and a 1 year high of $41.63. The business has a 50 day simple moving average of $35.13 and a 200-day simple moving average of $37.49. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42.

STAG Industrial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.1242 dividend. This represents a $1.49 annualized dividend and a dividend yield of 4.39%. The ex-dividend date is Monday, March 31st. STAG Industrial’s payout ratio is 149.49%.

STAG Industrial Profile

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.