State Street Corp. Discloses Passive Stake in STAG Industrial REIT
Ticker: STAG · Form: SC 13G · Filed: Jan 29, 2024 · CIK: 1479094
| Field | Detail |
|---|---|
| Company | Stag Industrial, Inc. (STAG) |
| Form Type | SC 13G |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, REIT, SC-13G
TL;DR
**State Street just revealed a big, passive stake in STAG Industrial, signaling institutional confidence.**
AI Summary
State Street Corporation, a major financial institution, filed an SC 13G on January 29, 2024, disclosing its ownership of STAG Industrial, Inc. (REIT) shares as of December 31, 2023. This filing indicates that State Street holds a significant, but passive, stake in STAG Industrial, Inc., a real estate investment trust. This matters to investors because it signals that a large institutional investor sees value in STAG Industrial, Inc., potentially lending credibility to the stock, though it doesn't imply any active management changes.
Why It Matters
This filing shows a major institutional investor, State Street Corporation, holds a significant position in STAG Industrial, Inc., which can be a vote of confidence for current and prospective shareholders.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of passive institutional ownership and does not indicate any immediate risks or changes to the company's operations.
Analyst Insight
A smart investor would note State Street's passive stake as a potential sign of institutional confidence in STAG Industrial, Inc., but should conduct further due diligence on STAG's fundamentals rather than solely relying on this disclosure for investment decisions.
Key Numbers
- 12/31/2023 — Date of Event (The date as of which State Street Corporation's ownership was determined for this filing.)
- 85254J102 — CUSIP Number (Unique identifier for STAG Industrial, Inc.'s securities.)
Key Players & Entities
- STAG Industrial, Inc. (company) — the subject company whose securities are being reported
- State Street Corporation (company) — the reporting person disclosing its ownership
- REIT (company) — the title of the class of securities owned by State Street Corporation
- 0000093751-24-000281 (person) — accession number for the filing
- 0001479094 (person) — Central Index Key (CIK) for STAG Industrial, Inc.
- 0000093751 (person) — Central Index Key (CIK) for State Street Corporation
Forward-Looking Statements
- STAG Industrial, Inc. will likely maintain its current operational strategy. (STAG Industrial, Inc.) — high confidence, target: 12/31/2024
- State Street Corporation will continue to hold a passive investment in STAG Industrial, Inc. (State Street Corporation) — high confidence, target: 12/31/2024
FAQ
What type of filing is this and who filed it?
This is an SC 13G filing, an 'INITIAL FILING' under Rule 13D-1(B), filed by State Street Corporation regarding its ownership in STAG Industrial, Inc.
What is the subject company of this filing?
The subject company is STAG Industrial, Inc., a Real Estate Investment Trust (REIT) with CIK 0001479094, located at One Federal Street, 23rd Floor, Boston, MA 02110.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the class of securities (REIT) of STAG Industrial, Inc. is 85254J102.
When was the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023.
What is the IRS Identification Number for the reporting person?
The IRS Identification Number for the reporting person, State Street Corporation, is 04-2456637.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 29, 2024 by 0000093751-24-000281 regarding STAG Industrial, Inc. (STAG).