Mutual of America Capital Management LLC Cuts Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Mutual of America Capital Management LLC cut its position in STAG Industrial, Inc. (NYSE:STAG) by 3.5% during the first quarter, HoldingsChannel.com reports. The fund owned 108,188 shares of the real estate investment trust’s stock after selling 3,958 shares during the period. Mutual of America Capital Management LLC’s holdings in STAG Industrial were worth $4,159,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Daiwa Securities Group Inc. boosted its stake in shares of STAG Industrial by 89.5% in the first quarter. Daiwa Securities Group Inc. now owns 1,268,181 shares of the real estate investment trust’s stock worth $48,749,000 after acquiring an additional 598,788 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of STAG Industrial in the first quarter worth approximately $29,000. BNP Paribas Financial Markets boosted its stake in shares of STAG Industrial by 12.9% in the first quarter. BNP Paribas Financial Markets now owns 119,156 shares of the real estate investment trust’s stock worth $4,580,000 after acquiring an additional 13,574 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in STAG Industrial during the first quarter worth $3,222,000. Finally, Sequoia Financial Advisors LLC acquired a new position in STAG Industrial during the first quarter worth $256,000. 88.67% of the stock is owned by institutional investors and hedge funds.

STAG Industrial Price Performance

NYSE:STAG opened at $36.29 on Thursday. STAG Industrial, Inc. has a 52 week low of $31.69 and a 52 week high of $39.61. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $6.61 billion, a P/E ratio of 36.29, a P/E/G ratio of 5.06 and a beta of 1.09. The stock’s fifty day moving average is $35.41 and its two-hundred day moving average is $36.81.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. BNP Paribas assumed coverage on STAG Industrial in a research note on Tuesday, June 4th. They set a “neutral” rating and a $39.00 price objective on the stock. BMO Capital Markets reissued an “outperform” rating and set a $42.00 price objective (up previously from $41.00) on shares of STAG Industrial in a research note on Monday, April 8th. Finally, Barclays lowered their price objective on STAG Industrial from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday, May 24th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $39.00.

Insider Buying and Selling at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 30,000 shares of STAG Industrial 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 sale, the director now owns 8,304 shares in the company, valued at $289,062.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

STAG Industrial Company 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.