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

Daiwa Securities Group Inc. increased its stake in STAG Industrial, Inc. (NYSE:STAG) by 13.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 275,473 shares of the real estate investment trust’s stock after buying an additional 32,940 shares during the quarter. Daiwa Securities Group Inc. owned about 0.15% of STAG Industrial worth $9,316,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of STAG Industrial by 27.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 137,022 shares of the real estate investment trust’s stock valued at $4,634,000 after buying an additional 29,571 shares during the period. AlphaQuest LLC raised its holdings in shares of STAG Industrial by 448.6% during the 4th quarter. AlphaQuest LLC now owns 79,387 shares of the real estate investment trust’s stock valued at $2,685,000 after buying an additional 64,916 shares during the period. Inceptionr LLC raised its holdings in shares of STAG Industrial by 31.8% during the 4th quarter. Inceptionr LLC now owns 31,402 shares of the real estate investment trust’s stock valued at $1,062,000 after buying an additional 7,577 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of STAG Industrial during the 4th quarter valued at about $57,561,000. Finally, Arizona State Retirement System raised its holdings in shares of STAG Industrial by 0.8% during the 4th quarter. Arizona State Retirement System now owns 52,852 shares of the real estate investment trust’s stock valued at $1,787,000 after buying an additional 423 shares during the period. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Benjamin S. Butcher sold 50,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total value of $1,755,000.00. Following the sale, the director now owns 9,632 shares of the company’s stock, valued at $338,083.20. This trade represents a 83.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

STAG has been the subject of a number of recent analyst reports. Raymond James raised their price objective on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Barclays lowered their price objective on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada lowered their price objective on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research note on Monday, January 27th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $40.38.

STAG Industrial Stock Down 1.0 %

Shares of STAG Industrial stock opened at $36.41 on Wednesday. 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 firm has a market cap of $6.79 billion, a P/E ratio of 35.01 and a beta of 1.05. STAG Industrial, Inc. has a fifty-two week low of $32.27 and a fifty-two week high of $41.63. The business has a 50-day moving average price of $34.70 and a 200 day moving average price of $36.49.

STAG Industrial (NYSE:STAG) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. On average, sell-side analysts forecast that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.1242 per share. This represents a dividend yield of 4.25%. This is a boost from STAG Industrial’s previous dividend of $0.12. The ex-dividend date is Friday, February 28th. STAG Industrial’s dividend payout ratio is presently 143.27%.

About STAG Industrial

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.