UniSuper Management Pty Ltd Has $2.01 Million Stock Position in STAG Industrial, Inc. (NYSE:STAG)

UniSuper Management Pty Ltd boosted its position in STAG Industrial, Inc. (NYSE:STAG) by 1.9% in the first quarter, Holdings Channel.com reports. The firm owned 52,300 shares of the real estate investment trust’s stock after purchasing an additional 1,000 shares during the quarter. UniSuper Management Pty Ltd’s holdings in STAG Industrial were worth $2,010,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in STAG Industrial by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 26,237,263 shares of the real estate investment trust’s stock worth $1,008,560,000 after purchasing an additional 176,332 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in STAG Industrial by 22.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,248,373 shares of the real estate investment trust’s stock worth $206,051,000 after purchasing an additional 961,420 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in STAG Industrial by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,832,545 shares of the real estate investment trust’s stock worth $111,206,000 after purchasing an additional 104,190 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in STAG Industrial by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,660,590 shares of the real estate investment trust’s stock worth $104,456,000 after purchasing an additional 39,739 shares in the last quarter. Finally, Boston Trust Walden Corp grew its position in shares of STAG Industrial by 1.1% in the 4th quarter. Boston Trust Walden Corp now owns 2,539,129 shares of the real estate investment trust’s stock valued at $99,686,000 after buying an additional 28,304 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Insider Activity at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 30,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $34.81, for a total value of $1,044,300.00. Following the completion of the sale, the director now directly owns 8,304 shares of the company’s stock, valued at $289,062.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by company insiders.

STAG Industrial Stock Performance

Shares of STAG traded down $0.66 on Wednesday, reaching $39.63. 1,660,894 shares of the company’s stock traded hands, compared to its average volume of 1,135,456. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.78. The stock has a market cap of $7.22 billion, a PE ratio of 39.63, a PEG ratio of 5.67 and a beta of 1.09. The stock’s 50 day simple moving average is $36.04 and its two-hundred day simple moving average is $36.77. STAG Industrial, Inc. has a 52-week low of $31.69 and a 52-week high of $40.68.

STAG Industrial Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.1233 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend is Monday, September 30th. STAG Industrial’s payout ratio is 148.00%.

Wall Street Analyst Weigh In

STAG has been the topic of a number of analyst reports. BMO Capital Markets reiterated an “outperform” rating and issued a $42.00 price target (up previously from $41.00) on shares of STAG Industrial in a research report on Monday, April 8th. Wedbush upgraded STAG Industrial from a “neutral” rating to an “outperform” rating and upped their price target for the company from $38.00 to $44.00 in a research report on Monday. BNP Paribas initiated coverage on STAG Industrial in a research report on Tuesday, June 4th. They issued a “neutral” rating and a $39.00 price target on the stock. Finally, Barclays reduced their price target on STAG Industrial from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Friday, May 24th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $39.50.

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.