Asset Management One Co. Ltd. Purchases 8,259 Shares of STAG Industrial, Inc. (NYSE:STAG)

Asset Management One Co. Ltd. grew its position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 359,100 shares of the real estate investment trust's stock after buying an additional 8,259 shares during the quarter. Asset Management One Co. Ltd. owned 0.20% of STAG Industrial worth $12,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Values First Advisors Inc. lifted its holdings in shares of STAG Industrial by 2.2% during the 4th quarter. Values First Advisors Inc. now owns 14,562 shares of the real estate investment trust's stock valued at $492,000 after buying an additional 307 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in STAG Industrial by 3.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 12,025 shares of the real estate investment trust's stock worth $407,000 after purchasing an additional 347 shares during the period. Peak Financial Advisors LLC raised its holdings in STAG Industrial by 3.0% in the 4th quarter. Peak Financial Advisors LLC now owns 12,415 shares of the real estate investment trust's stock worth $420,000 after purchasing an additional 356 shares during the period. Hilltop National Bank raised its holdings in STAG Industrial by 19.2% in the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust's stock worth $76,000 after purchasing an additional 362 shares during the period. Finally, State of Alaska Department of Revenue raised its holdings in STAG Industrial by 0.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 107,571 shares of the real estate investment trust's stock worth $4,204,000 after purchasing an additional 390 shares during the period. 88.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on STAG shares. Wells Fargo & Company decreased 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. Barclays decreased their target price on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 28th. Raymond James raised their target price on STAG Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Wednesday, December 11th. Finally, Royal Bank of Canada decreased their target price on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a report on Monday, January 27th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, STAG Industrial currently has an average rating of "Moderate Buy" and an average target price of $40.38.

Insider Activity

In other news, Director Benjamin S. Butcher sold 50,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the completion of the transaction, the director now owns 9,632 shares in the company, valued at $338,083.20. This trade represents a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.10% of the company's stock.

STAG Industrial Price Performance

NYSE:STAG traded down $0.08 on Thursday, reaching $35.14. 725,723 shares of the company's stock traded hands, compared to its average volume of 1,264,206. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. The stock has a 50-day simple moving average of $34.25 and a 200-day simple moving average of $36.85. The firm has a market cap of $6.56 billion, a PE ratio of 33.78 and a beta of 1.09. STAG Industrial, Inc. has a 12 month low of $32.27 and a 12 month high of $41.63.

STAG Industrial (NYSE:STAG - Get Free Report) last posted its quarterly earnings results 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 return on equity of 5.51% and a net margin of 24.64%. Equities research analysts forecast that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.1242 per share. The ex-dividend date is Monday, March 31st. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.24%. STAG Industrial's payout ratio is 143.27%.

STAG Industrial Profile

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.