Mutual of America Capital Management LLC Cuts Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Mutual of America Capital Management LLC lessened its holdings in STAG Industrial, Inc. (NYSE:STAG) by 4.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 112,146 shares of the real estate investment trust’s stock after selling 4,614 shares during the period. Mutual of America Capital Management LLC’s holdings in STAG Industrial were worth $4,403,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of STAG. Norges Bank purchased a new stake in STAG Industrial in the 4th quarter worth $59,209,000. State Street Corp increased its stake in STAG Industrial by 17.2% in the 1st quarter. State Street Corp now owns 8,561,192 shares of the real estate investment trust’s stock worth $355,024,000 after buying an additional 1,255,376 shares in the last quarter. Vanguard Group Inc. increased its stake in STAG Industrial by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 25,677,207 shares of the real estate investment trust’s stock worth $1,061,753,000 after buying an additional 1,008,932 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of STAG Industrial by 160.6% during the first quarter. Ameriprise Financial Inc. now owns 982,544 shares of the real estate investment trust’s stock valued at $33,228,000 after purchasing an additional 605,551 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of STAG Industrial by 13.9% during the fourth quarter. Alliancebernstein L.P. now owns 4,241,749 shares of the real estate investment trust’s stock valued at $137,051,000 after purchasing an additional 516,088 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

STAG Industrial Stock Down 2.4 %

Shares of NYSE:STAG opened at $36.19 on Tuesday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.76. STAG Industrial, Inc. has a 12 month low of $31.69 and a 12 month high of $39.61. The company has a 50-day moving average price of $37.73 and a 200 day moving average price of $36.79. The company has a market cap of $6.58 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 5.23 and a beta of 1.02.

STAG Industrial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $0.1233 dividend. This represents a $1.48 annualized dividend and a yield of 4.09%. The ex-dividend date is Friday, June 28th. STAG Industrial’s payout ratio is currently 137.04%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Royal Bank of Canada raised their price objective on STAG Industrial from $39.00 to $40.00 and gave the company a “sector perform” rating in a research report on Friday, February 16th. Barclays assumed coverage on STAG Industrial in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 price objective for the company. Robert W. Baird restated a “neutral” rating and set a $41.00 price objective (up previously from $38.00) on shares of STAG Industrial in a research report on Friday, January 5th. Finally, BMO Capital Markets restated an “outperform” rating and set a $42.00 price objective (up previously from $41.00) on shares of STAG Industrial in a research report on Monday, April 8th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $39.13.

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.