STAG Industrial, Inc. (NYSE:STAG) Shares Acquired by Bridge Creek Capital Management LLC

Bridge Creek Capital Management LLC boosted its stake in STAG Industrial, Inc. (NYSE:STAG) by 0.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 142,417 shares of the real estate investment trust’s stock after acquiring an additional 600 shares during the quarter. STAG Industrial accounts for about 1.5% of Bridge Creek Capital Management LLC’s portfolio, making the stock its 23rd biggest holding. Bridge Creek Capital Management LLC owned 0.08% of STAG Industrial worth $4,817,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in STAG. FMR LLC raised its stake in STAG Industrial by 145.5% in the 3rd quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust’s stock valued at $271,132,000 after purchasing an additional 4,111,268 shares during the last quarter. Earnest Partners LLC lifted its stake in shares of STAG Industrial by 2.2% in the second quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust’s stock worth $131,727,000 after buying an additional 78,189 shares in the last quarter. Geode Capital Management LLC boosted its position in STAG Industrial by 0.6% during the third quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust’s stock worth $133,077,000 after acquiring an additional 21,925 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in STAG Industrial by 7.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust’s stock valued at $123,883,000 after acquiring an additional 227,629 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in STAG Industrial by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,865,673 shares of the real estate investment trust’s stock valued at $103,333,000 after acquiring an additional 167,532 shares during the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

STAG Industrial Trading Up 0.9 %

Shares of NYSE:STAG traded up $0.28 during midday trading on Monday, reaching $32.67. 590,587 shares of the company’s stock were exchanged, compared to its average volume of 1,037,363. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of 33.00 and a beta of 1.09. STAG Industrial, Inc. has a fifty-two week low of $32.27 and a fifty-two week high of $41.63. The firm’s 50 day simple moving average is $35.48 and its two-hundred day simple moving average is $37.57. 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 Announces Dividend

The business also recently declared a jan 25 dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be given a dividend of $0.1242 per share. STAG Industrial’s dividend payout ratio is presently 149.49%.

Analyst Ratings Changes

Several brokerages have recently weighed in on STAG. Raymond James boosted their target price on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Barclays lowered their price objective on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Finally, Wells Fargo & Company cut their target price 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. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

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.