STAG Industrial, Inc. (NYSE:STAG) Shares Acquired by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 211,849 shares of the real estate investment trust’s stock after purchasing an additional 11,870 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in STAG Industrial were worth $8,317,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Louisiana State Employees Retirement System acquired a new position in shares of STAG Industrial during the fourth quarter worth $2,002,000. International Assets Investment Management LLC increased its stake in shares of STAG Industrial by 3,860.5% in the fourth quarter. International Assets Investment Management LLC now owns 114,816 shares of the real estate investment trust’s stock worth $4,508,000 after buying an additional 111,917 shares during the last quarter. Sei Investments Co. increased its stake in shares of STAG Industrial by 11.8% in the third quarter. Sei Investments Co. now owns 501,596 shares of the real estate investment trust’s stock worth $17,310,000 after buying an additional 53,109 shares during the last quarter. Schonfeld Strategic Advisors LLC increased its stake in shares of STAG Industrial by 132.7% in the third quarter. Schonfeld Strategic Advisors LLC now owns 313,626 shares of the real estate investment trust’s stock worth $10,823,000 after buying an additional 178,846 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of STAG Industrial by 1.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,286,953 shares of the real estate investment trust’s stock worth $147,943,000 after buying an additional 59,463 shares during the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

STAG Industrial Stock Up 0.2 %

STAG stock opened at $35.41 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.79 and a quick ratio of 1.79. STAG Industrial, Inc. has a 1-year low of $31.69 and a 1-year high of $39.61. The firm has a fifty day moving average price of $37.45 and a two-hundred day moving average price of $36.84. The firm has a market cap of $6.44 billion, a price-to-earnings ratio of 32.79, a PEG ratio of 4.99 and a beta of 1.02.

STAG Industrial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.1233 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.48 annualized dividend and a yield of 4.18%. STAG Industrial’s payout ratio is 137.04%.

Analyst Upgrades and Downgrades

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

STAG Industrial Company 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.