Schroder Investment Management Group acquired a new stake in Stag Industrial Inc (NYSE:STAG) during the third quarter, according to its most recent filing with the SEC. The firm acquired 11,967 shares of the real estate investment trust’s stock, valued at approximately $331,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rhumbline Advisers boosted its position in shares of Stag Industrial by 19.1% in the 2nd quarter. Rhumbline Advisers now owns 124,302 shares of the real estate investment trust’s stock worth $3,431,000 after purchasing an additional 19,900 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Stag Industrial by 22.2% in the 2nd quarter. American Century Companies Inc. now owns 508,398 shares of the real estate investment trust’s stock worth $14,032,000 after purchasing an additional 92,414 shares during the last quarter. State Street Corp boosted its position in shares of Stag Industrial by 11.9% in the 2nd quarter. State Street Corp now owns 1,895,836 shares of the real estate investment trust’s stock worth $52,324,000 after purchasing an additional 200,955 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Stag Industrial by 10.7% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 87,463 shares of the real estate investment trust’s stock worth $2,414,000 after purchasing an additional 8,423 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Stag Industrial by 11.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,159,878 shares of the real estate investment trust’s stock worth $32,012,000 after purchasing an additional 116,002 shares during the last quarter. Hedge funds and other institutional investors own 82.08% of the company’s stock.

Stag Industrial Inc (NYSE STAG) opened at $28.19 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market capitalization of $2,637.15, a PE ratio of 16.78, a price-to-earnings-growth ratio of 3.10 and a beta of 1.25. Stag Industrial Inc has a twelve month low of $22.70 and a twelve month high of $28.95.

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

The firm 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 of this dividend is Tuesday, February 27th. This represents a $1.42 annualized dividend and a yield of 5.04%. Stag Industrial’s dividend payout ratio is presently 261.12%.

Several research analysts have recently issued reports on the company. Jefferies Group restated a “buy” rating and issued a $32.00 price target on shares of Stag Industrial in a research report on Tuesday, September 26th. J P Morgan Chase & Co upgraded Stag Industrial from a “neutral” rating to an “overweight” rating and set a $30.00 price target on the stock in a research report on Friday. TheStreet upgraded Stag Industrial from a “c” rating to a “b-” rating in a research report on Tuesday, November 14th. BidaskClub lowered Stag Industrial from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 25th. Finally, UBS upgraded Stag Industrial from a “sell” rating to a “neutral” rating and raised their price target for the stock from $21.00 to $28.00 in a research report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. Stag Industrial presently 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.

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

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