Mutual of America Capital Management LLC Sells 4,614 Shares of STAG Industrial, Inc. (NYSE:STAG)

Mutual of America Capital Management LLC decreased its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 112,146 shares of the real estate investment trust’s stock after selling 4,614 shares during the period. Mutual of America Capital Management LLC owned approximately 0.06% of STAG Industrial worth $4,403,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in STAG Industrial during the fourth quarter worth about $59,209,000. State Street Corp lifted its stake in STAG Industrial by 17.2% during the first quarter. State Street Corp now owns 8,561,192 shares of the real estate investment trust’s stock worth $355,024,000 after purchasing an additional 1,255,376 shares during the last quarter. Vanguard Group Inc. lifted its stake in STAG Industrial by 4.1% during the first quarter. Vanguard Group Inc. now owns 25,677,207 shares of the real estate investment trust’s stock worth $1,061,753,000 after purchasing an additional 1,008,932 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in STAG Industrial by 160.6% during the first quarter. Ameriprise Financial Inc. now owns 982,544 shares of the real estate investment trust’s stock worth $33,228,000 after purchasing an additional 605,551 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in STAG Industrial by 13.9% during the fourth quarter. Alliancebernstein L.P. now owns 4,241,749 shares of the real estate investment trust’s stock worth $137,051,000 after purchasing an additional 516,088 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

STAG Industrial Stock Down 2.4 %

Shares of NYSE:STAG opened at $36.19 on Tuesday. STAG Industrial, Inc. has a 1 year low of $31.69 and a 1 year high of $39.61. The company has a market cap of $6.58 billion, a PE ratio of 33.51, a P/E/G ratio of 5.23 and a beta of 1.02. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.79 and a quick ratio of 1.79. The stock’s 50-day moving average is $37.73 and its 200 day moving average is $36.79.

STAG Industrial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a dividend of $0.1233 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.48 dividend on an annualized basis and a yield of 4.09%. STAG Industrial’s dividend payout ratio is presently 137.04%.

Analysts Set New Price Targets

STAG has been the subject of a number of recent research reports. Royal Bank of Canada boosted their target price on STAG Industrial from $39.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, February 16th. BMO Capital Markets reissued an “outperform” rating and issued a $42.00 target price (up previously from $41.00) on shares of STAG Industrial in a research note on Monday, April 8th. Barclays initiated coverage on STAG Industrial in a research note on Wednesday, March 27th. They issued an “equal weight” rating and a $40.00 target price for the company. Finally, Robert W. Baird reissued a “neutral” rating and issued a $41.00 target price (up previously from $38.00) on shares of STAG Industrial in a research note on Friday, January 5th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, STAG Industrial currently has a consensus rating of “Hold” and a consensus price target of $39.13.

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.