STAG Industrial, Inc. (NYSE:STAG) Shares Purchased by Liberty Mutual Group Asset Management Inc.

Liberty Mutual Group Asset Management Inc. grew its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 10.3% in the second quarter, HoldingsChannel reports. The fund owned 72,194 shares of the real estate investment trust’s stock after buying an additional 6,739 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in STAG Industrial were worth $2,603,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. J.Safra Asset Management Corp lifted its holdings in STAG Industrial by 708.5% in the first quarter. J.Safra Asset Management Corp now owns 663 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 581 shares during the period. Centerpoint Advisors LLC bought a new stake in shares of STAG Industrial during the 2nd quarter worth about $25,000. Fidelis Capital Partners LLC acquired a new stake in shares of STAG Industrial in the 1st quarter worth approximately $29,000. GAMMA Investing LLC lifted its stake in shares of STAG Industrial by 56.1% in the 2nd quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 326 shares during the period. Finally, ICA Group Wealth Management LLC bought a new position in shares of STAG Industrial in the fourth quarter valued at approximately $38,000. Institutional investors own 88.67% of the company’s stock.

STAG Industrial Trading Down 0.3 %

NYSE:STAG opened at $39.05 on Friday. The stock has a fifty day simple moving average of $39.81 and a 200 day simple moving average of $37.41. The firm has a market capitalization of $7.11 billion, a price-to-earnings ratio of 39.05, a price-to-earnings-growth ratio of 4.09 and a beta of 1.09. STAG Industrial, Inc. has a 1-year low of $31.69 and a 1-year high of $41.63. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.82.

STAG Industrial Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were issued a $0.1233 dividend. This represents a dividend yield of 3.63%. This is a boost from STAG Industrial’s previous dividend of $0.12. The ex-dividend date was Wednesday, July 31st. STAG Industrial’s dividend payout ratio (DPR) is presently 148.00%.

Insider Transactions at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 34,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $40.78, for a total transaction of $1,386,520.00. Following the sale, the director now directly owns 8,758 shares of the company’s stock, valued at approximately $357,151.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wells Fargo & Company boosted their target price on STAG Industrial from $37.00 to $41.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Evercore ISI boosted their price objective on STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Barclays raised their target price on STAG Industrial from $38.00 to $42.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 14th. Wedbush boosted their price target on shares of STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, BNP Paribas began coverage on shares of STAG Industrial in a report on Tuesday, June 4th. They issued a “neutral” rating and a $39.00 price target for the company. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, STAG Industrial currently has an average rating of “Hold” and a consensus price target of $41.22.

About STAG Industrial

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.