Sumitomo Mitsui Trust Group Inc. Grows Holdings in Stag Industrial, Inc. (NYSE:STAG)

Sumitomo Mitsui Trust Group Inc. increased its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 2.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 202,496 shares of the real estate investment trust’s stock after buying an additional 4,752 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.11% of Stag Industrial worth $7,314,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. FMR LLC increased its stake in shares of Stag Industrial by 30.1% during the fourth quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust’s stock valued at $305,224,000 after buying an additional 2,088,839 shares during the period. Earnest Partners LLC increased its stake in shares of Stag Industrial by 6.6% during the fourth quarter. Earnest Partners LLC now owns 3,795,425 shares of the real estate investment trust’s stock valued at $128,361,000 after buying an additional 235,622 shares during the period. Nuveen Asset Management LLC increased its stake in shares of Stag Industrial by 5.9% during the fourth quarter. Nuveen Asset Management LLC now owns 3,679,641 shares of the real estate investment trust’s stock valued at $124,445,000 after buying an additional 204,948 shares during the period. Geode Capital Management LLC increased its stake in shares of Stag Industrial by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 3,421,549 shares of the real estate investment trust’s stock valued at $115,748,000 after buying an additional 18,009 shares during the period. Finally, Boston Trust Walden Corp increased its stake in shares of Stag Industrial by 17.5% during the first quarter. Boston Trust Walden Corp now owns 2,942,495 shares of the real estate investment trust’s stock valued at $106,283,000 after buying an additional 437,527 shares during the period. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Stag Industrial Price Performance

Shares of NYSE STAG opened at $36.95 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $6.90 billion, a PE ratio of 27.78 and a beta of 0.93. The business has a 50-day simple moving average of $35.37 and a two-hundred day simple moving average of $34.65. Stag Industrial, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $41.63.

Stag Industrial (NYSE:STAG) last released its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. Stag Industrial had a return on equity of 7.04% and a net margin of 31.05%. The firm had revenue of $205.57 million during the quarter, compared to the consensus estimate of $202.04 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. The company’s revenue was up 9.7% compared to the same quarter last year. As a group, equities analysts expect that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Announces Dividend

The company also recently announced a dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.1242 per share. This represents a dividend yield of 4.37%. The ex-dividend date of this dividend was Friday, May 30th. Stag Industrial’s dividend payout ratio (DPR) is 112.03%.

Insider Activity at Stag Industrial

In related news, Director Benjamin S. Butcher sold 28,843 shares of Stag Industrial stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the completion of the sale, the director owned 7,115 shares of the company’s stock, valued at $262,543.50. The trade was a 80.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on STAG shares. Robert W. Baird cut their price target on Stag Industrial from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th. Raymond James Financial lifted their target price on Stag Industrial from $36.00 to $38.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $38.00 target price on shares of Stag Industrial in a research note on Monday, May 19th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $39.71.

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.