Westfield Capital Management Co. LP Increases Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Westfield Capital Management Co. LP grew its stake in STAG Industrial, Inc. (NYSE:STAG) by 36.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,670,586 shares of the real estate investment trust’s stock after buying an additional 442,618 shares during the period. Westfield Capital Management Co. LP’s holdings in STAG Industrial were worth $65,303,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in STAG. UMB Bank n.a. raised its holdings in shares of STAG Industrial by 54.1% during the 3rd quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 306 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of STAG Industrial by 56.1% during the second quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 326 shares in the last quarter. Resources Management Corp CT ADV lifted its holdings in shares of STAG Industrial by 1.3% in the 2nd quarter. Resources Management Corp CT ADV now owns 29,475 shares of the real estate investment trust’s stock worth $1,063,000 after acquiring an additional 370 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of STAG Industrial by 0.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 107,571 shares of the real estate investment trust’s stock valued at $4,204,000 after purchasing an additional 390 shares in the last quarter. Finally, Cetera Advisors LLC grew its holdings in shares of STAG Industrial by 1.0% during the 1st quarter. Cetera Advisors LLC now owns 40,380 shares of the real estate investment trust’s stock valued at $1,552,000 after purchasing an additional 409 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

Analyst Ratings Changes

STAG has been the subject of several recent research reports. Wells Fargo & Company lowered their price target on shares of 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. Wedbush increased their target price on STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Evercore ISI lifted their price target on STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Finally, Barclays lowered their price objective on 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. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $41.13.

STAG Industrial Stock Up 1.0 %

Shares of NYSE:STAG opened at $36.48 on Monday. The company has a market cap of $6.65 billion, a PE ratio of 36.85 and a beta of 1.09. STAG Industrial, Inc. has a 1 year low of $34.09 and a 1 year high of $41.63. The stock’s 50-day moving average is $37.81 and its 200 day moving average is $37.67. 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 firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.1233 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial’s payout ratio is 149.49%.

STAG Industrial Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.