STAG Industrial, Inc. (NYSE:STAG) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its stake in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 788.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 669,393 shares of the real estate investment trust's stock after acquiring an additional 594,076 shares during the period. Daiwa Securities Group Inc. owned 0.37% of STAG Industrial worth $26,281,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in STAG. Fifth Third Bancorp increased its position in STAG Industrial by 31.4% during the 4th quarter. Fifth Third Bancorp now owns 1,189 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 284 shares during the period. Ipswich Investment Management Co. Inc. grew its holdings in shares of STAG Industrial by 1.5% in the 3rd quarter. Ipswich Investment Management Co. Inc. now owns 20,886 shares of the real estate investment trust's stock worth $721,000 after acquiring an additional 300 shares during the period. Integrated Investment Consultants LLC grew its holdings in shares of STAG Industrial by 2.4% in the 3rd quarter. Integrated Investment Consultants LLC now owns 13,196 shares of the real estate investment trust's stock worth $455,000 after acquiring an additional 309 shares during the period. Metis Global Partners LLC grew its holdings in shares of STAG Industrial by 3.0% in the 3rd quarter. Metis Global Partners LLC now owns 10,534 shares of the real estate investment trust's stock worth $364,000 after acquiring an additional 311 shares during the period. Finally, Cornercap Investment Counsel Inc. grew its holdings in shares of STAG Industrial by 1.2% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 27,263 shares of the real estate investment trust's stock worth $1,070,000 after acquiring an additional 324 shares during the period. Institutional investors and hedge funds own 88.67% of the company's stock.

STAG Industrial Stock Down 2.2 %

Shares of STAG Industrial stock traded down $0.78 during trading hours on Wednesday, hitting $34.84. 1,768,804 shares of the company's stock traded hands, compared to its average volume of 1,131,419. The stock has a 50 day simple moving average of $37.69 and a 200-day simple moving average of $36.80. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.76. The company has a market cap of $6.34 billion, a PE ratio of 32.26, a PEG ratio of 5.10 and a beta of 1.02. STAG Industrial, Inc. has a twelve month low of $31.69 and a twelve month high of $39.61.

STAG Industrial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.1233 per share. The ex-dividend date is Friday, June 28th. This represents a $1.48 annualized dividend and a dividend yield of 4.25%. STAG Industrial's payout ratio is 137.04%.

Analysts Set New Price Targets

STAG has been the topic of a number of research reports. Barclays began coverage on STAG Industrial in a report on Wednesday, March 27th. They issued an "equal weight" rating and a $40.00 price target on the stock. BMO Capital Markets reaffirmed an "outperform" rating and issued a $42.00 target price (up previously from $41.00) on shares of STAG Industrial in a research note on Monday, April 8th. Royal Bank of Canada upped their target price on STAG Industrial from $39.00 to $40.00 and gave the company a "sector perform" rating in a research note on Friday, February 16th. Finally, Robert W. Baird reaffirmed a "neutral" rating and issued a $41.00 target price (up previously from $38.00) on shares of STAG Industrial in a research note on Friday, January 5th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $39.13.

STAG Industrial Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.

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