Sumitomo Mitsui DS Asset Management Company Ltd Purchases 1,767 Shares of STAG Industrial, Inc. (NYSE:STAG)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 4.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,606 shares of the real estate investment trust’s stock after buying an additional 1,767 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in STAG Industrial were worth $1,783,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. boosted its position in shares of STAG Industrial by 54.1% during the 3rd quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 306 shares during the last quarter. GAMMA Investing LLC lifted its position in STAG Industrial by 56.1% during the second quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 326 shares during the last quarter. Insight Folios Inc grew its stake in shares of STAG Industrial by 4.1% in the 1st quarter. Insight Folios Inc now owns 8,678 shares of the real estate investment trust’s stock worth $334,000 after buying an additional 341 shares in the last quarter. Claro Advisors LLC increased its holdings in shares of STAG Industrial by 5.8% in the 1st quarter. Claro Advisors LLC now owns 6,433 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 352 shares during the last quarter. Finally, Resources Management Corp CT ADV raised its position in shares of STAG Industrial by 1.3% during the 2nd quarter. Resources Management Corp CT ADV now owns 29,475 shares of the real estate investment trust’s stock valued at $1,063,000 after buying an additional 370 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Insider Activity at STAG Industrial

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

Analyst Upgrades and Downgrades

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

STAG Industrial Stock Performance

Shares of STAG Industrial stock opened at $37.70 on Tuesday. STAG Industrial, Inc. has a 52 week low of $31.69 and a 52 week high of $41.63. The company has a market capitalization of $6.87 billion, a PE ratio of 36.25 and a beta of 1.09. The stock’s fifty day moving average is $39.19 and its two-hundred day moving average is $37.43. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.82.

STAG Industrial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.1233 dividend. This represents a $1.48 annualized dividend and a yield of 3.93%. The ex-dividend date is Tuesday, December 31st. STAG Industrial’s dividend payout ratio is presently 142.31%.

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.