Sumitomo Mitsui Trust Group Inc. Purchases 4,019 Shares of Stag Industrial, Inc. $STAG

Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 2.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 206,515 shares of the real estate investment trust’s stock after acquiring an additional 4,019 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.11% of Stag Industrial worth $7,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of STAG. Private Trust Co. NA boosted its holdings in Stag Industrial by 2,183.9% during the 2nd quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 677 shares during the period. Chung Wu Investment Group LLC purchased a new stake in Stag Industrial during the 2nd quarter valued at about $29,000. Avalon Trust Co purchased a new stake in Stag Industrial during the 1st quarter valued at about $36,000. Keystone Global Partners LLC purchased a new stake in Stag Industrial during the 1st quarter valued at about $41,000. Finally, Harbour Investments Inc. boosted its holdings in Stag Industrial by 187.7% during the 1st quarter. Harbour Investments Inc. now owns 1,260 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 822 shares during the period. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Industrial Alliance Securities set a $37.00 target price on Stag Industrial in a report on Wednesday, October 1st. Cantor Fitzgerald started coverage on Stag Industrial in a report on Wednesday, October 1st. They issued a “neutral” rating and a $37.00 price objective for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Stag Industrial in a report on Wednesday, October 8th. Finally, Evercore ISI increased their price objective on Stag Industrial from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $38.00.

Stag Industrial Trading Down 1.3%

NYSE STAG opened at $37.62 on Thursday. Stag Industrial, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $39.01. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a 50 day simple moving average of $36.50 and a two-hundred day simple moving average of $35.60. The stock has a market cap of $7.02 billion, a P/E ratio of 29.62 and a beta of 0.92.

Stag Industrial (NYSE:STAG) last released its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.02. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%.The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 earnings per share. On average, analysts forecast that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a $0.1242 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Wednesday, December 31st. Stag Industrial’s dividend payout ratio (DPR) is presently 117.32%.

Insider Buying and Selling

In other news, Director Larry T. Guillemette sold 2,004 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $35.20, for a total value of $70,540.80. Following the completion of the transaction, the director owned 38,666 shares in the company, valued at $1,361,043.20. This trade represents a 4.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Benjamin S. Butcher sold 25,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director owned 7,562 shares of the company’s stock, valued at approximately $279,113.42. The trade was a 76.78% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.10% of the company’s stock.

About Stag Industrial

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.