Stag Industrial, Inc. (NYSE:STAG) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its stake in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 4.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 376,534 shares of the real estate investment trust's stock after acquiring an additional 17,434 shares during the period. Asset Management One Co. Ltd. owned approximately 0.20% of Stag Industrial worth $13,600,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Swiss National Bank increased its stake in Stag Industrial by 0.8% during the fourth quarter. Swiss National Bank now owns 358,200 shares of the real estate investment trust's stock worth $12,114,000 after acquiring an additional 2,800 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Stag Industrial during the 4th quarter worth about $1,276,000. US Bancorp DE increased its position in Stag Industrial by 1.5% during the 4th quarter. US Bancorp DE now owns 27,107 shares of the real estate investment trust's stock worth $917,000 after purchasing an additional 402 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in Stag Industrial by 13.3% in the fourth quarter. Sanctuary Advisors LLC now owns 24,449 shares of the real estate investment trust's stock valued at $843,000 after buying an additional 2,866 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in Stag Industrial in the fourth quarter valued at approximately $470,000. 88.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada reiterated a "sector perform" rating and set a $38.00 price objective on shares of Stag Industrial in a research note on Monday, May 19th. Raymond James Financial upped their target price on Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, Robert W. Baird dropped their target price on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Stag Industrial currently has an average rating of "Hold" and an average target price of $39.71.

Insider Buying and Selling

In other news, Director Benjamin S. Butcher sold 28,843 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $36.90, for a total value of $1,064,306.70. Following the completion of the sale, the director owned 7,115 shares of the company's stock, valued at approximately $262,543.50. The trade was a 80.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by company insiders.

Stag Industrial Stock Up 0.2%

NYSE:STAG traded up $0.06 on Monday, reaching $36.26. The stock had a trading volume of 1,536,824 shares, compared to its average volume of 1,270,320. Stag Industrial, Inc. has a 12-month low of $28.61 and a 12-month high of $41.63. The stock has a market cap of $6.77 billion, a P/E ratio of 27.26 and a beta of 0.94. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.86. The company has a 50-day moving average of $35.13 and a 200 day moving average of $34.61.

Stag Industrial (NYSE:STAG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. Stag Industrial had a return on equity of 7.04% and a net margin of 31.05%. The firm had revenue of $205.57 million during the quarter, compared to the consensus estimate of $202.04 million. During the same quarter in the prior year, the business posted $0.59 earnings per share. Stag Industrial's revenue for the quarter was up 9.7% on a year-over-year basis. On average, research analysts predict that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.1242 per share. The ex-dividend date was Friday, May 30th. This represents a yield of 4.37%. Stag Industrial's dividend payout ratio (DPR) is 112.03%.

Stag Industrial 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.