Stag Industrial, Inc. $STAG Stock: Sumitomo Mitsui Trust Group Inc. Boosts Stake

Sumitomo Mitsui Trust Group Inc. lifted its position in Stag Industrial, Inc. (NYSE:STAG) by 574.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,382,316 shares of the real estate investment trust’s stock after acquiring an additional 1,177,250 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.72% of Stag Industrial worth $49,501,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its position in Stag Industrial by 22.0% during the first quarter. EverSource Wealth Advisors LLC now owns 1,583 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 285 shares during the last quarter. Nissay Asset Management Corp Japan increased its position in shares of Stag Industrial by 1.0% during the second quarter. Nissay Asset Management Corp Japan now owns 29,952 shares of the real estate investment trust’s stock worth $1,140,000 after buying an additional 302 shares during the period. North Dakota State Investment Board boosted its holdings in Stag Industrial by 5.6% in the third quarter. North Dakota State Investment Board now owns 5,860 shares of the real estate investment trust’s stock worth $210,000 after acquiring an additional 309 shares in the last quarter. Peak Financial Advisors LLC boosted its holdings in Stag Industrial by 2.4% during the 3rd quarter. Peak Financial Advisors LLC now owns 13,791 shares of the real estate investment trust’s stock worth $494,000 after acquiring an additional 327 shares during the last quarter. Finally, Community Bank N.A. increased its stake in shares of Stag Industrial by 55.9% during the 2nd quarter. Community Bank N.A. now owns 951 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 341 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Stag Industrial Stock Performance

NYSE STAG opened at $37.85 on Thursday. The stock has a market cap of $7.30 billion, a price-to-earnings ratio of 26.84 and a beta of 0.91. Stag Industrial, Inc. has a fifty-two week low of $35.14 and a fifty-two week high of $42.61. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.91. The business has a fifty day moving average of $36.76 and a 200-day moving average of $37.88.

Stag Industrial (NYSE:STAG) last issued its earnings results on Tuesday, October 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.29). Stag Industrial had a net margin of 29.88% and a return on equity of 7.28%. The company had revenue of $231.05 million during the quarter, compared to analyst estimates of $227.16 million. During the same quarter last year, the company posted $0.65 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, analysts predict that Stag Industrial, Inc. will post 2.64 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be given a $0.3875 dividend. This represents a $1.55 annualized dividend and a yield of 4.1%. The ex-dividend date is Thursday, December 31st. Stag Industrial’s dividend payout ratio (DPR) is currently 109.93%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on STAG shares. Weiss Ratings lowered Stag Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, September 25th. Barclays increased their target price on Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, July 16th. Evercore reiterated an “outperform” rating on shares of Stag Industrial in a research report on Monday, September 14th. Wall Street Zen raised shares of Stag Industrial from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. Finally, Wells Fargo & Company decreased their price target on shares of Stag Industrial from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Tuesday, September 1st. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $41.20.

Stag Industrial Profile

STAG Industrial, Inc is a real estate investment trust (REIT) that owns, operates and acquires industrial properties throughout the United States. The company focuses primarily on single-tenant properties, which it leases to businesses for uses such as warehousing, distribution, manufacturing and logistics.

Its portfolio includes a range of industrial facilities serving tenants across diverse industries and geographic markets. STAG Industrial’s business activities include property acquisition, leasing, management and development, with an emphasis on facilities that support supply-chain and operating requirements.

Founded in 2010 and headquartered in Boston, Massachusetts, STAG Industrial became a publicly traded company in 2011.