Sumitomo Mitsui DS Asset Management Company Ltd Boosts Holdings in STAG Industrial, Inc. (NYSE:STAG)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 8.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,556 shares of the real estate investment trust’s stock after buying an additional 3,950 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in STAG Industrial were worth $1,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. FMR LLC grew its holdings in shares of STAG Industrial by 145.5% during the 3rd quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust’s stock worth $271,132,000 after acquiring an additional 4,111,268 shares during the period. Bank of Montreal Can boosted its position in shares of STAG Industrial by 330.5% during the third quarter. Bank of Montreal Can now owns 1,346,149 shares of the real estate investment trust’s stock valued at $52,823,000 after purchasing an additional 1,033,485 shares in the last quarter. Westfield Capital Management Co. LP grew its stake in STAG Industrial by 36.0% in the third quarter. Westfield Capital Management Co. LP now owns 1,670,586 shares of the real estate investment trust’s stock worth $65,303,000 after purchasing an additional 442,618 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in STAG Industrial by 7.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust’s stock worth $123,883,000 after purchasing an additional 227,629 shares in the last quarter. Finally, Heitman Real Estate Securities LLC boosted its holdings in shares of STAG Industrial by 19.8% during the 3rd quarter. Heitman Real Estate Securities LLC now owns 1,063,909 shares of the real estate investment trust’s stock valued at $41,588,000 after buying an additional 175,993 shares in the last quarter. 88.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on STAG shares. Royal Bank of Canada decreased their price target on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research note on Monday, January 27th. Barclays decreased their target price on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 28th. Wells Fargo & Company dropped their price target on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Finally, Raymond James raised their price objective on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $40.38.

STAG Industrial Price Performance

Shares of NYSE STAG opened at $34.70 on Tuesday. The company has a 50 day moving average of $34.39 and a 200 day moving average of $37.10. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87. STAG Industrial, Inc. has a twelve month low of $32.27 and a twelve month high of $41.63. The firm has a market cap of $6.32 billion, a P/E ratio of 35.05 and a beta of 1.09.

STAG Industrial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.1242 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend is Monday, March 31st. STAG Industrial’s payout ratio is currently 150.51%.

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.