Asset Management One Co. Ltd. lifted its stake in shares of Stag Industrial Inc (NYSE:STAG) by 3.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 193,316 shares of the real estate investment trust’s stock after acquiring an additional 7,108 shares during the quarter. Asset Management One Co. Ltd. owned 0.21% of Stag Industrial worth $5,350,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. San Francisco Sentry Investment Group CA acquired a new stake in shares of Stag Industrial in the second quarter worth $117,000. Verition Fund Management LLC acquired a new stake in shares of Stag Industrial in the second quarter worth $200,000. Teacher Retirement System of Texas acquired a new stake in shares of Stag Industrial in the third quarter worth $200,000. Federated Investors Inc. PA acquired a new stake in shares of Stag Industrial in the second quarter worth $203,000. Finally, GAM Holding AG boosted its position in shares of Stag Industrial by 20.2% in the second quarter. GAM Holding AG now owns 7,566 shares of the real estate investment trust’s stock worth $209,000 after buying an additional 1,270 shares during the period. 82.06% of the stock is owned by institutional investors and hedge funds.

Shares of Stag Industrial Inc (NYSE STAG) opened at $27.35 on Wednesday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.62. Stag Industrial Inc has a 1-year low of $22.70 and a 1-year high of $28.95. The stock has a market capitalization of $2,652.19, a price-to-earnings ratio of 16.88, a P/E/G ratio of 3.11 and a beta of 1.25.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. Stag Industrial had a return on equity of 5.72% and a net margin of 18.96%. The business had revenue of $78.14 million during the quarter, compared to analyst estimates of $76.17 million. During the same period last year, the company earned $0.40 earnings per share. Stag Industrial’s quarterly revenue was up 24.8% compared to the same quarter last year. analysts predict that Stag Industrial Inc will post 1.68 EPS for the current year.

The business also recently announced a monthly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be issued a dividend of $0.1183 per share. The ex-dividend date is Tuesday, February 27th. This represents a $1.42 annualized dividend and a yield of 5.19%. Stag Industrial’s dividend payout ratio (DPR) is currently 261.12%.

Several brokerages have recently commented on STAG. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Stag Industrial in a research report on Friday, November 3rd. BidaskClub raised Stag Industrial from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 4th. UBS raised Stag Industrial from a “sell” rating to a “neutral” rating and raised their target price for the stock from $21.00 to $28.00 in a research report on Friday, September 8th. TheStreet raised Stag Industrial from a “c” rating to a “b-” rating in a research report on Tuesday, November 14th. Finally, ValuEngine raised Stag Industrial from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $28.50.

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Stag Industrial Company Profile

STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.

Institutional Ownership by Quarter for Stag Industrial (NYSE:STAG)

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