Stag Industrial, Inc. (NYSE:STAG) Stock Holdings Lifted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its position in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 4.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 about 0.20% of Stag Industrial worth $13,600,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC increased its position in Stag Industrial by 30.1% in the fourth quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust's stock worth $305,224,000 after buying an additional 2,088,839 shares during the period. Earnest Partners LLC increased its position in Stag Industrial by 6.6% in the fourth quarter. Earnest Partners LLC now owns 3,795,425 shares of the real estate investment trust's stock worth $128,361,000 after buying an additional 235,622 shares during the period. Nuveen Asset Management LLC increased its position in Stag Industrial by 5.9% in the fourth quarter. Nuveen Asset Management LLC now owns 3,679,641 shares of the real estate investment trust's stock worth $124,445,000 after buying an additional 204,948 shares during the period. Geode Capital Management LLC increased its position in Stag Industrial by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 3,421,549 shares of the real estate investment trust's stock worth $115,748,000 after buying an additional 18,009 shares during the period. Finally, Boston Trust Walden Corp increased its position in Stag Industrial by 17.5% in the first quarter. Boston Trust Walden Corp now owns 2,942,495 shares of the real estate investment trust's stock worth $106,283,000 after buying an additional 437,527 shares during the period. 88.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on STAG. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $38.00 target price on shares of Stag Industrial in a research report on Monday, May 19th. Robert W. Baird decreased their price target on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Finally, Raymond James Financial increased their price target on Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $39.71.

Insider Activity at Stag Industrial

In related news, Director Benjamin S. Butcher sold 28,843 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the completion of the transaction, the director now owns 7,115 shares of the company's stock, valued at $262,543.50. This trade represents a 80.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.10% of the company's stock.

Stag Industrial Stock Performance

Shares of NYSE:STAG traded up $0.14 on Friday, hitting $36.23. The company's stock had a trading volume of 1,438,649 shares, compared to its average volume of 1,273,746. The stock's 50-day moving average is $34.99 and its two-hundred day moving average is $34.63. Stag Industrial, Inc. has a 12 month low of $28.61 and a 12 month high of $41.63. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 27.24 and a beta of 0.94. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.25 and a current ratio of 1.25.

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

Stag Industrial Announces Dividend

The company also recently announced a dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.1242 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 4.37%. Stag Industrial's dividend payout ratio is currently 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.