Principal Financial Group Inc. Has $15.50 Million Holdings in Stag Industrial, Inc. (NYSE:STAG)

Principal Financial Group Inc. increased its position in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 2.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 429,045 shares of the real estate investment trust's stock after acquiring an additional 11,408 shares during the quarter. Principal Financial Group Inc. owned about 0.23% of Stag Industrial worth $15,497,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of STAG. Swiss National Bank lifted its stake in Stag Industrial by 0.8% in the fourth quarter. Swiss National Bank now owns 358,200 shares of the real estate investment trust's stock valued at $12,114,000 after buying an additional 2,800 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Stag Industrial by 4.7% in the first quarter. Janney Montgomery Scott LLC now owns 12,711 shares of the real estate investment trust's stock valued at $459,000 after buying an additional 571 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Stag Industrial in the fourth quarter valued at approximately $1,276,000. Wealth Enhancement Advisory Services LLC lifted its stake in Stag Industrial by 8.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,255 shares of the real estate investment trust's stock valued at $587,000 after buying an additional 1,295 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in Stag Industrial by 28.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,306 shares of the real estate investment trust's stock valued at $179,000 after buying an additional 1,187 shares in the last quarter. Institutional investors own 88.67% of the company's stock.

Insider Transactions 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 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 directly owned 7,115 shares in the company, valued at approximately $262,543.50. This trade represents a 80.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $38.00 price target on shares of Stag Industrial in a research note on Monday, May 19th. Raymond James Financial lifted their price objective on shares of Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Finally, Robert W. Baird decreased their target price on shares of 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $39.71.

Stag Industrial Stock Up 0.5%

Shares of NYSE STAG traded up $0.18 during mid-day trading on Friday, hitting $36.12. The company had a trading volume of 1,668,281 shares, compared to its average volume of 1,286,721. The company has a market capitalization of $6.74 billion, a PE ratio of 27.16 and a beta of 0.93. The firm has a 50-day simple moving average of $35.76 and a two-hundred day simple moving average of $34.74. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.86. Stag Industrial, Inc. has a one year low of $28.61 and a one year high of $41.63.

Stag Industrial (NYSE:STAG - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $205.57 million during the quarter, compared to analysts' expectations of $202.04 million. Stag Industrial had a return on equity of 7.04% and a net margin of 31.05%. Stag Industrial's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 EPS. On average, equities 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. Investors of record on Tuesday, September 30th will be paid a $0.1242 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.49 annualized dividend and a yield of 4.13%. Stag Industrial's dividend payout ratio (DPR) is currently 112.03%.

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.