STAG Industrial, Inc. (NYSE:STAG) Holdings Increased by Fifth Third Bancorp

Fifth Third Bancorp grew its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 31.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,189 shares of the real estate investment trust’s stock after buying an additional 284 shares during the quarter. Fifth Third Bancorp’s holdings in STAG Industrial were worth $47,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cetera Advisor Networks LLC grew its stake in shares of STAG Industrial by 15.0% in the 1st quarter. Cetera Advisor Networks LLC now owns 9,087 shares of the real estate investment trust’s stock worth $376,000 after purchasing an additional 1,188 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in shares of STAG Industrial by 5.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 152,981 shares of the real estate investment trust’s stock worth $6,569,000 after purchasing an additional 7,714 shares during the last quarter. Sei Investments Co. grew its stake in shares of STAG Industrial by 4.4% in the 1st quarter. Sei Investments Co. now owns 171,667 shares of the real estate investment trust’s stock worth $7,142,000 after purchasing an additional 7,227 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of STAG Industrial by 10.2% in the 1st quarter. Allianz Asset Management GmbH now owns 111,680 shares of the real estate investment trust’s stock worth $4,618,000 after purchasing an additional 10,365 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of STAG Industrial by 23.0% in the 1st quarter. Cetera Investment Advisers now owns 6,204 shares of the real estate investment trust’s stock worth $257,000 after purchasing an additional 1,161 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Robert W. Baird reaffirmed a “neutral” rating and issued a $41.00 price objective (up previously from $38.00) on shares of STAG Industrial in a research note on Friday, January 5th. BMO Capital Markets reissued an “outperform” rating and issued a $42.00 target price (up from $41.00) on shares of STAG Industrial in a research report on Monday. Royal Bank of Canada lifted their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Friday, February 16th. Finally, Barclays started coverage on shares of STAG Industrial in a research report on Wednesday, March 27th. They issued an “equal weight” rating and a $40.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $39.13.

STAG Industrial Stock Performance

Shares of STAG opened at $37.38 on Friday. The company’s 50 day moving average price is $37.75 and its 200 day moving average price is $36.72. STAG Industrial, Inc. has a 52 week low of $31.69 and a 52 week high of $39.61. The company has a market capitalization of $6.80 billion, a PE ratio of 34.61, a PEG ratio of 5.38 and a beta of 1.02. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.79 and a current ratio of 1.79.

STAG Industrial Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a dividend of $0.1233 per share. The ex-dividend date of this dividend is Friday, May 31st. This is an increase from STAG Industrial’s previous monthly dividend of $0.12. This represents a $1.48 dividend on an annualized basis and a yield of 3.96%. STAG Industrial’s payout ratio is presently 137.04%.

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.