Fort Washington Investment Advisors Inc. OH Increases Stake in STAG Industrial, Inc. (NYSE:STAG)

Fort Washington Investment Advisors Inc. OH lifted its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 575,156 shares of the real estate investment trust’s stock after acquiring an additional 18,400 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in STAG Industrial were worth $19,452,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in STAG. Atomi Financial Group Inc. raised its stake in shares of STAG Industrial by 25.3% during the 4th quarter. Atomi Financial Group Inc. now owns 6,970 shares of the real estate investment trust’s stock worth $236,000 after buying an additional 1,407 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new position in STAG Industrial during the fourth quarter worth $43,000. HB Wealth Management LLC purchased a new position in STAG Industrial in the fourth quarter worth $294,000. Merit Financial Group LLC acquired a new stake in STAG Industrial in the fourth quarter valued at $584,000. Finally, Wedge Capital Management L L P NC boosted its position in shares of STAG Industrial by 0.3% during the 4th quarter. Wedge Capital Management L L P NC now owns 359,561 shares of the real estate investment trust’s stock worth $12,160,000 after purchasing an additional 949 shares in the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on STAG shares. Raymond James raised their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Barclays reduced their price target on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Finally, Wells Fargo & Company lowered their price target on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

STAG Industrial Trading Down 2.6 %

Shares of STAG opened at $34.02 on Thursday. 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, Inc. has a 1-year low of $32.27 and a 1-year high of $41.63. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 34.37 and a beta of 1.09. The firm has a 50 day simple moving average of $34.96 and a 200-day simple moving average of $37.45.

STAG Industrial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.1242 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.38%. STAG Industrial’s dividend payout ratio (DPR) is 149.49%.

STAG Industrial Company 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.