Sumitomo Mitsui DS Asset Management Company Ltd Purchases 2,219 Shares of Stag Industrial, Inc. $STAG

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 4.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,775 shares of the real estate investment trust’s stock after acquiring an additional 2,219 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Stag Industrial were worth $1,878,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Quantinno Capital Management LP increased its stake in Stag Industrial by 40.1% during the 4th quarter. Quantinno Capital Management LP now owns 14,358 shares of the real estate investment trust’s stock valued at $486,000 after purchasing an additional 4,106 shares in the last quarter. ProShare Advisors LLC increased its stake in Stag Industrial by 7.4% during the 4th quarter. ProShare Advisors LLC now owns 8,525 shares of the real estate investment trust’s stock valued at $288,000 after purchasing an additional 587 shares in the last quarter. Royal Bank of Canada increased its stake in Stag Industrial by 1.5% during the 4th quarter. Royal Bank of Canada now owns 434,185 shares of the real estate investment trust’s stock valued at $14,685,000 after purchasing an additional 6,226 shares in the last quarter. Tidal Investments LLC increased its stake in Stag Industrial by 248.3% during the 4th quarter. Tidal Investments LLC now owns 18,517 shares of the real estate investment trust’s stock valued at $626,000 after purchasing an additional 13,201 shares in the last quarter. Finally, Squarepoint Ops LLC increased its stake in Stag Industrial by 15.4% during the 4th quarter. Squarepoint Ops LLC now owns 43,448 shares of the real estate investment trust’s stock valued at $1,469,000 after purchasing an additional 5,804 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

Insider Activity at Stag Industrial

In other news, Director Benjamin S. Butcher sold 25,000 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $36.91, for a total value of $922,750.00. Following the sale, the director directly owned 7,562 shares of the company’s stock, valued at $279,113.42. This represents a 76.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI upped their price target on shares of Stag Industrial from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $38.33.

Stag Industrial Stock Down 1.7%

STAG stock opened at $34.91 on Monday. The firm’s fifty day simple moving average is $35.67 and its 200-day simple moving average is $35.15. The company has a market capitalization of $6.52 billion, a P/E ratio of 27.49 and a beta of 0.94. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31. Stag Industrial, Inc. has a 12 month low of $28.61 and a 12 month high of $39.81.

Stag Industrial (NYSE:STAG) last released its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.63 EPS for the quarter, meeting the consensus estimate of $0.63. The business had revenue of $207.44 million for the quarter, compared to the consensus estimate of $206.37 million. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 EPS. As a group, equities research analysts forecast that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a $0.1242 dividend. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, August 29th. Stag Industrial’s dividend payout ratio is 117.32%.

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.