Louisiana State Employees Retirement System Acquires New Holdings in STAG Industrial, Inc. (NYSE:STAG)

Louisiana State Employees Retirement System acquired a new stake in STAG Industrial, Inc. (NYSE:STAG) during the fourth quarter, Holdings Channel.com reports. The firm acquired 51,000 shares of the real estate investment trust’s stock, valued at approximately $2,002,000.

A number of other institutional investors have also made changes to their positions in the stock. Fifth Third Bancorp raised its stake in shares of STAG Industrial by 31.4% in the 4th quarter. Fifth Third Bancorp now owns 1,189 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 284 shares in the last quarter. Ipswich Investment Management Co. Inc. raised its stake in shares of STAG Industrial by 1.5% in the 3rd quarter. Ipswich Investment Management Co. Inc. now owns 20,886 shares of the real estate investment trust’s stock valued at $721,000 after acquiring an additional 300 shares in the last quarter. Integrated Investment Consultants LLC raised its stake in shares of STAG Industrial by 2.4% in the 3rd quarter. Integrated Investment Consultants LLC now owns 13,196 shares of the real estate investment trust’s stock valued at $455,000 after acquiring an additional 309 shares in the last quarter. Metis Global Partners LLC raised its stake in shares of STAG Industrial by 3.0% in the 3rd quarter. Metis Global Partners LLC now owns 10,534 shares of the real estate investment trust’s stock valued at $364,000 after acquiring an additional 311 shares in the last quarter. Finally, Mariner LLC raised its stake in shares of STAG Industrial by 1.0% in the 3rd quarter. Mariner LLC now owns 33,229 shares of the real estate investment trust’s stock valued at $1,147,000 after acquiring an additional 339 shares in the last quarter. 88.67% of the stock is owned by institutional investors.

STAG Industrial Trading Down 2.2 %

Shares of STAG opened at $34.84 on Thursday. The stock has a fifty day moving average price of $37.65 and a two-hundred day moving average price of $36.78. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.79 and a current ratio of 1.79. STAG Industrial, Inc. has a 52-week low of $31.69 and a 52-week high of $39.61. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 32.26, a PEG ratio of 5.02 and a beta of 1.02.

STAG Industrial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.1233 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.48 annualized dividend and a yield of 4.25%. STAG Industrial’s payout ratio is 137.04%.

Wall Street Analysts Forecast Growth

STAG has been the topic of several recent analyst reports. Robert W. Baird reaffirmed a “neutral” rating and issued a $41.00 price target (up from $38.00) on shares of STAG Industrial in a research report on Friday, January 5th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $42.00 price target (up from $41.00) on shares of STAG Industrial in a research report on Monday, April 8th. Royal Bank of Canada lifted their price target on STAG Industrial from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Friday, February 16th. Finally, Barclays began coverage on STAG Industrial in a research report on Wednesday, March 27th. They issued an “equal weight” rating and a $40.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, STAG Industrial presently has a consensus rating of “Hold” and a consensus target price of $39.13.

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.