Asset Management One Co. Ltd. Sells 16,718 Shares of STAG Industrial, Inc. (NYSE:STAG)

Asset Management One Co. Ltd. decreased its position in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 4.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 350,841 shares of the real estate investment trust's stock after selling 16,718 shares during the period. Asset Management One Co. Ltd. owned approximately 0.19% of STAG Industrial worth $13,714,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Sequoia Financial Advisors LLC bought a new position in shares of STAG Industrial during the first quarter valued at $256,000. Mirae Asset Global Investments Co. Ltd. bought a new position in STAG Industrial during the 1st quarter valued at about $3,222,000. BNP Paribas Financial Markets boosted its holdings in shares of STAG Industrial by 12.9% during the 1st quarter. BNP Paribas Financial Markets now owns 119,156 shares of the real estate investment trust's stock valued at $4,580,000 after acquiring an additional 13,574 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of STAG Industrial in the first quarter worth approximately $29,000. Finally, Central Pacific Bank Trust Division purchased a new position in shares of STAG Industrial during the first quarter valued at approximately $181,000. 88.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on STAG shares. Wedbush lifted their target price on shares of STAG Industrial from $44.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, August 5th. Barclays cut their price objective on STAG Industrial from $42.00 to $40.00 and set an "equal weight" rating for the company in a report on Monday, October 28th. Wells Fargo & Company lowered 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. Finally, Evercore ISI boosted their price target on STAG Industrial from $43.00 to $44.00 and gave the company an "outperform" rating in a research note on Wednesday, August 28th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $41.13.

STAG Industrial Trading Down 2.1 %

NYSE STAG traded down $0.80 on Thursday, hitting $37.18. 1,435,088 shares of the stock were exchanged, compared to its average volume of 1,071,898. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. STAG Industrial, Inc. has a 52-week low of $33.99 and a 52-week high of $41.63. The firm has a market capitalization of $6.77 billion, a P/E ratio of 38.36 and a beta of 1.09. The stock has a fifty day moving average price of $38.59 and a two-hundred day moving average price of $37.51.

STAG Industrial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.1233 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial's dividend payout ratio (DPR) is currently 149.49%.

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.