Stag Industrial, Inc. (NYSE:STAG) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 2.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 429,045 shares of the real estate investment trust's stock after buying an additional 11,408 shares during the period. Principal Financial Group Inc. owned about 0.23% of Stag Industrial worth $15,497,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of STAG. FMR LLC grew its position in shares of 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 valued at $305,224,000 after purchasing an additional 2,088,839 shares in the last quarter. Earnest Partners LLC boosted its holdings in shares of Stag Industrial by 6.6% in the 4th quarter. Earnest Partners LLC now owns 3,795,425 shares of the real estate investment trust's stock worth $128,361,000 after purchasing an additional 235,622 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of Stag Industrial by 5.9% during the 4th quarter. Nuveen Asset Management LLC now owns 3,679,641 shares of the real estate investment trust's stock valued at $124,445,000 after purchasing an additional 204,948 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Stag Industrial by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 3,421,549 shares of the real estate investment trust's stock valued at $115,748,000 after purchasing an additional 18,009 shares during the last quarter. Finally, Boston Trust Walden Corp increased its position in shares of Stag Industrial by 17.5% during the 1st quarter. Boston Trust Walden Corp now owns 2,942,495 shares of the real estate investment trust's stock valued at $106,283,000 after purchasing an additional 437,527 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors.

Stag Industrial Stock Performance

Shares of STAG stock traded down $0.52 on Tuesday, reaching $35.58. The stock had a trading volume of 922,890 shares, compared to its average volume of 1,286,314. The stock has a market cap of $6.64 billion, a P/E ratio of 26.75 and a beta of 0.93. Stag Industrial, Inc. has a 1 year low of $28.61 and a 1 year high of $41.63. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.25 and a current ratio of 1.25. The company has a 50 day simple moving average of $35.76 and a 200 day simple moving average of $34.75.

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

Stag Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.1242 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.49 annualized dividend and a dividend yield of 4.19%. Stag Industrial's dividend payout ratio (DPR) is 112.03%.

Insider Activity

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

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $38.00 price target on shares of Stag Industrial in a research report on Monday, May 19th. Raymond James Financial increased 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 decreased their target price on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and three have issued 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.

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.