Point72 Asia Singapore Pte. Ltd. Buys New Stake in STAG Industrial, Inc. (NYSE:STAG)

Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of STAG Industrial, Inc. (NYSE:STAG) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,572 shares of the real estate investment trust’s stock, valued at approximately $57,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of STAG. Cohen & Steers Inc. increased its stake in STAG Industrial by 944.0% during the 4th quarter. Cohen & Steers Inc. now owns 1,121,330 shares of the real estate investment trust’s stock valued at $44,023,000 after purchasing an additional 1,013,926 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in STAG Industrial by 89.5% during the 1st quarter. Daiwa Securities Group Inc. now owns 1,268,181 shares of the real estate investment trust’s stock valued at $48,749,000 after purchasing an additional 598,788 shares in the last quarter. Ceredex Value Advisors LLC acquired a new position in STAG Industrial during the 2nd quarter valued at approximately $13,188,000. Bessemer Group Inc. increased its stake in STAG Industrial by 69.3% during the 1st quarter. Bessemer Group Inc. now owns 785,916 shares of the real estate investment trust’s stock valued at $30,211,000 after purchasing an additional 321,785 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its stake in STAG Industrial by 14.5% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,660,562 shares of the real estate investment trust’s stock valued at $63,832,000 after purchasing an additional 209,670 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

STAG Industrial Stock Performance

Shares of NYSE STAG opened at $37.67 on Friday. The company’s fifty day moving average price is $39.64 and its 200 day moving average price is $37.44. STAG Industrial, Inc. has a 1 year low of $31.69 and a 1 year high of $41.63. The company has a market capitalization of $6.86 billion, a PE ratio of 37.67, a price-to-earnings-growth ratio of 3.95 and a beta of 1.09. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.60 and a current ratio of 1.60.

STAG Industrial Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were issued a dividend of $0.1233 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This is an increase from STAG Industrial’s previous dividend of $0.12. This represents a yield of 3.63%. STAG Industrial’s dividend payout ratio is 148.00%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on STAG shares. Evercore ISI upped their price target on shares of STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Barclays increased their price objective on shares of STAG Industrial from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 14th. Wells Fargo & Company increased their price objective on shares of STAG Industrial from $37.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Finally, Wedbush increased their price objective on shares of STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $41.22.

Insider Buying and Selling

In related news, Director Benjamin S. Butcher sold 34,000 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $40.78, for a total transaction of $1,386,520.00. Following the sale, the director now directly owns 8,758 shares of the company’s stock, valued at approximately $357,151.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by insiders.

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.