Stag Industrial, Inc. (NYSE:STAG) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 55.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,735 shares of the real estate investment trust’s stock after purchasing an additional 14,155 shares during the period. Teacher Retirement System of Texas’ holdings in Stag Industrial were worth $1,435,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its stake in Stag Industrial by 30.1% during the 4th quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust’s stock valued at $305,224,000 after purchasing an additional 2,088,839 shares during the period. Earnest Partners LLC boosted its stake in Stag Industrial by 6.6% during the 4th quarter. Earnest Partners LLC now owns 3,795,425 shares of the real estate investment trust’s stock valued at $128,361,000 after purchasing an additional 235,622 shares during the period. Nuveen Asset Management LLC boosted its stake in Stag Industrial by 5.9% during the 4th quarter. Nuveen Asset Management LLC now owns 3,679,641 shares of the real estate investment trust’s stock valued at $124,445,000 after purchasing an additional 204,948 shares during the period. Geode Capital Management LLC boosted its stake in Stag Industrial by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 3,421,549 shares of the real estate investment trust’s stock valued at $115,748,000 after purchasing an additional 18,009 shares during the period. Finally, Boston Trust Walden Corp lifted its stake in shares of Stag Industrial by 17.5% in the 1st quarter. Boston Trust Walden Corp now owns 2,942,495 shares of the real estate investment trust’s stock worth $106,283,000 after acquiring an additional 437,527 shares during the period. 88.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Benjamin S. Butcher sold 28,843 shares of Stag Industrial stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $36.90, for a total value of $1,064,306.70. Following the completion of the transaction, the director owned 7,115 shares in the company, valued at approximately $262,543.50. The trade was a 80.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

STAG has been the subject of a number of research analyst reports. Robert W. Baird reduced their price target on shares of Stag Industrial from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $38.00 price target on shares of Stag Industrial in a research note on Monday, May 19th. Finally, Raymond James Financial upped their price target on shares of Stag Industrial from $36.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $39.71.

Stag Industrial Trading Up 0.5%

Shares of NYSE:STAG opened at $36.12 on Friday. The company has a market cap of $6.74 billion, a P/E ratio of 27.16 and a beta of 0.93. The stock’s 50-day moving average is $35.76 and its 200-day moving average is $34.74. Stag Industrial, Inc. has a 52-week low of $28.61 and a 52-week high of $41.63. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.25 and a current ratio of 1.25.

Stag Industrial (NYSE:STAG) last released its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. Stag Industrial had a return on equity of 7.04% and a net margin of 31.05%. The business had revenue of $205.57 million for the quarter, compared to the consensus estimate of $202.04 million. During the same period last year, the business earned $0.59 earnings per share. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. Equities research analysts predict that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.1242 per share. This represents a $1.49 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend is Tuesday, September 30th. Stag Industrial’s dividend payout ratio is 112.03%.

About Stag Industrial

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.