STAG Industrial, Inc. (NYSE:STAG) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its stake in STAG Industrial, Inc. (NYSE:STAG) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 359,100 shares of the real estate investment trust’s stock after acquiring an additional 8,259 shares during the period. Asset Management One Co. Ltd. owned approximately 0.20% of STAG Industrial worth $12,159,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. FMR LLC increased 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 buying an additional 4,111,268 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of STAG Industrial by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust’s stock worth $133,077,000 after purchasing an additional 21,925 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of STAG Industrial by 7.7% during the 3rd 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 during the period. Vaughan Nelson Investment Management L.P. increased its position in STAG Industrial by 4.6% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,830,394 shares of the real estate investment trust’s stock worth $61,905,000 after purchasing an additional 79,762 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its holdings 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 valued at $65,303,000 after buying an additional 442,618 shares during the period. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

STAG Industrial Stock Performance

STAG Industrial stock opened at $35.07 on Monday. STAG Industrial, Inc. has a 52 week low of $32.27 and a 52 week high of $41.63. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87. The stock has a market cap of $6.39 billion, a P/E ratio of 35.42 and a beta of 1.09. The stock has a 50 day moving average of $34.32 and a 200-day moving average of $36.94.

STAG Industrial (NYSE:STAG) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.43. STAG Industrial had a net margin of 23.94% and a return on equity of 5.27%. On average, analysts expect that STAG Industrial, Inc. will post 2.41 EPS for the current fiscal year.

STAG Industrial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.1242 dividend. This represents a $1.49 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend is Monday, March 31st. STAG Industrial’s dividend payout ratio is currently 150.51%.

Analyst Upgrades and Downgrades

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

About STAG Industrial

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.