Teacher Retirement System of Texas Grows Holdings in Stag Industrial, Inc. (NYSE:STAG)

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

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Synovus Financial Corp grew its position in shares of Stag Industrial by 1.8% in the 4th quarter. Synovus Financial Corp now owns 21,695 shares of the real estate investment trust’s stock worth $734,000 after buying an additional 377 shares during the period. Sequoia Financial Advisors LLC grew its position in Stag Industrial by 6.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 6,773 shares of the real estate investment trust’s stock valued at $229,000 after purchasing an additional 387 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Stag Industrial by 2.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 15,808 shares of the real estate investment trust’s stock valued at $535,000 after purchasing an additional 394 shares during the last quarter. Integrated Advisors Network LLC grew its position in Stag Industrial by 3.5% during the 4th quarter. Integrated Advisors Network LLC now owns 11,673 shares of the real estate investment trust’s stock valued at $395,000 after purchasing an additional 398 shares during the last quarter. Finally, PFG Investments LLC grew its position in Stag Industrial by 5.4% during the 1st quarter. PFG Investments LLC now owns 8,302 shares of the real estate investment trust’s stock valued at $300,000 after purchasing an additional 429 shares during the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Stag Industrial

In other news, Director Benjamin S. Butcher sold 28,843 shares of the 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 transaction, the director owned 7,115 shares in the company, valued at $262,543.50. This represents a 80.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by company insiders.

Stag Industrial Price Performance

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

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

Stag Industrial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.1242 dividend. This represents a $1.49 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend is Tuesday, September 30th. Stag Industrial’s dividend payout ratio (DPR) is presently 112.03%.

Wall Street Analyst Weigh In

STAG has been the topic of several recent analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and set a $38.00 price objective on shares of Stag Industrial in a research report on Monday, May 19th. Robert W. Baird cut their price objective on shares of Stag Industrial from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Finally, Raymond James Financial increased their price objective on shares of Stag Industrial from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Stag Industrial has a consensus rating of “Hold” and an average price target of $39.71.

Stag Industrial Company Profile

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.