Sumitomo Mitsui DS Asset Management Company Ltd Has $1.68 Million Stake in STAG Industrial, Inc. (NYSE:STAG)

Sumitomo Mitsui DS Asset Management Company Ltd grew its position in STAG Industrial, Inc. (NYSE:STAG) by 15.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,675 shares of the real estate investment trust’s stock after acquiring an additional 5,605 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in STAG Industrial were worth $1,675,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of STAG. Massachusetts Financial Services Co. MA lifted its position in shares of STAG Industrial by 1.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,286,953 shares of the real estate investment trust’s stock worth $147,943,000 after buying an additional 59,463 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in STAG Industrial by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,728,355 shares of the real estate investment trust’s stock valued at $94,156,000 after purchasing an additional 73,224 shares in the last quarter. Boston Trust Walden Corp increased its holdings in STAG Industrial by 1.1% during the 4th quarter. Boston Trust Walden Corp now owns 2,539,129 shares of the real estate investment trust’s stock valued at $99,686,000 after purchasing an additional 28,304 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in STAG Industrial by 3.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,444,172 shares of the real estate investment trust’s stock valued at $84,348,000 after purchasing an additional 76,407 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in STAG Industrial by 35.3% during the 3rd quarter. Invesco Ltd. now owns 1,613,265 shares of the real estate investment trust’s stock valued at $55,674,000 after purchasing an additional 420,768 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

STAG Industrial Stock Down 1.9 %

Shares of STAG Industrial stock opened at $34.74 on Thursday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.76. STAG Industrial, Inc. has a 12 month low of $31.69 and a 12 month high of $39.61. The business has a fifty day simple moving average of $37.45 and a 200 day simple moving average of $36.84. The stock has a market cap of $6.32 billion, a PE ratio of 32.17, a price-to-earnings-growth ratio of 5.00 and a beta of 1.02.

STAG Industrial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.1233 per share. The ex-dividend date is Friday, June 28th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.26%. STAG Industrial’s dividend payout ratio (DPR) is presently 137.04%.

Analysts Set New Price Targets

STAG has been the subject of a number of recent analyst reports. Barclays initiated coverage on STAG Industrial in a report on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 price target for the company. BMO Capital Markets reaffirmed an “outperform” rating and set a $42.00 price target (up from $41.00) on shares of STAG Industrial in a report on Monday, April 8th. Robert W. Baird reissued a “neutral” rating and issued a $41.00 target price (up from $38.00) on shares of STAG Industrial in a research note on Friday, January 5th. Finally, Royal Bank of Canada lifted 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. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, STAG Industrial presently has an average rating of “Hold” and a consensus price target of $39.13.

STAG Industrial Company 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.