STAG Industrial, Inc. (NYSE:STAG) Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System grew its stake in STAG Industrial, Inc. (NYSE:STAG) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,605 shares of the real estate investment trust’s stock after purchasing an additional 1,936 shares during the quarter. New York State Teachers Retirement System’s holdings in STAG Industrial were worth $1,516,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in STAG Industrial during the 4th quarter worth approximately $59,209,000. State Street Corp increased its position in shares of 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 in the last quarter. Vanguard Group Inc. raised its stake in STAG Industrial by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 25,677,207 shares of the real estate investment trust’s stock valued at $1,061,753,000 after purchasing an additional 1,008,932 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in STAG Industrial by 160.6% during the 1st 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. grew its holdings in shares of 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 buying an additional 516,088 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $42.00 price target (up from $41.00) on shares of STAG Industrial in a research note on Monday, April 8th. Barclays began coverage on STAG Industrial in a report on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 target price on the stock. Royal Bank of Canada increased their price target on STAG Industrial from $39.00 to $40.00 and gave the company a “sector perform” rating in a report on Friday, February 16th. Finally, Robert W. Baird reissued a “neutral” rating and set a $41.00 price objective (up previously from $38.00) on shares of STAG Industrial in a research note on Friday, January 5th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $39.13.

STAG Industrial Trading Down 2.2 %

STAG opened at $34.84 on Thursday. The stock has a market capitalization of $6.34 billion, a PE ratio of 32.26, a P/E/G ratio of 5.10 and a beta of 1.02. STAG Industrial, Inc. has a one year low of $31.69 and a one year high of $39.61. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.79 and a current ratio of 1.79. The business’s 50 day moving average price is $37.65 and its 200 day moving average price is $36.78.

STAG Industrial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.1233 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend is Friday, June 28th. STAG Industrial’s dividend payout ratio is presently 137.04%.

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.