STAG Industrial, Inc. (NYSE:STAG) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 16.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 242,533 shares of the real estate investment trust's stock after acquiring an additional 33,531 shares during the quarter. Daiwa Securities Group Inc. owned approximately 0.13% of STAG Industrial worth $9,481,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of STAG. Earnest Partners LLC lifted its position in STAG Industrial by 2.2% in the second quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust's stock valued at $131,727,000 after buying an additional 78,189 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in STAG Industrial by 7.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust's stock valued at $123,883,000 after buying an additional 227,629 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in STAG Industrial by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,865,673 shares of the real estate investment trust's stock valued at $103,333,000 after buying an additional 167,532 shares during the last quarter. Boston Trust Walden Corp lifted its position in STAG Industrial by 1.0% in the second quarter. Boston Trust Walden Corp now owns 2,552,752 shares of the real estate investment trust's stock valued at $92,052,000 after buying an additional 25,779 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its position in STAG Industrial by 7.0% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,776,042 shares of the real estate investment trust's stock valued at $64,045,000 after buying an additional 115,480 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on STAG. Wedbush upped their target price on shares of STAG Industrial from $44.00 to $45.00 and gave the company an "outperform" rating in a research report on Monday, August 5th. Evercore ISI boosted their price target on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 28th. Barclays cut their price target on shares of STAG Industrial from $42.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Monday, October 28th. Finally, Wells Fargo & Company cut their price target on shares of STAG Industrial from $41.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $41.13.

STAG Industrial Stock Down 0.4 %

STAG Industrial stock traded down $0.15 during mid-day trading on Tuesday, hitting $37.01. The company had a trading volume of 1,258,748 shares, compared to its average volume of 1,075,092. The stock has a market cap of $6.74 billion, a price-to-earnings ratio of 37.38 and a beta of 1.09. STAG Industrial, Inc. has a 1 year low of $34.09 and a 1 year high of $41.63. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87. The business has a fifty day moving average of $37.75 and a 200 day moving average of $37.68.

STAG Industrial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.1233 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.00%. The ex-dividend date is Tuesday, December 31st. STAG Industrial's payout ratio 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.