Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 27,405 Shares of STAG Industrial, Inc. (NYSE:STAG)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in STAG Industrial, Inc. (NYSE:STAG) by 38.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 99,198 shares of the real estate investment trust’s stock after purchasing an additional 27,405 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.05% of STAG Industrial worth $3,355,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in STAG. Sugar Maple Asset Management LLC bought a new stake in STAG Industrial in the 4th quarter valued at $43,000. Hilltop National Bank boosted its stake in STAG Industrial by 19.2% in the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 362 shares during the period. Principal Securities Inc. boosted its stake in STAG Industrial by 20.7% in the 4th quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 510 shares during the period. Aew Capital Management L P raised its holdings in STAG Industrial by 52.4% in the 4th quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust’s stock valued at $108,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in STAG Industrial in the 4th quarter valued at $109,000. 88.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on STAG shares. Raymond James lifted their price objective on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Royal Bank of Canada dropped their price objective on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a report on Monday, January 27th. Finally, Barclays dropped their price objective on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $40.38.

Insider Buying and Selling

In related news, Director Benjamin S. Butcher sold 50,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the sale, the director now owns 9,632 shares in the company, valued at $338,083.20. The trade was a 83.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

STAG Industrial Price Performance

STAG Industrial stock opened at $34.05 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36. STAG Industrial, Inc. has a 52 week low of $32.27 and a 52 week high of $41.63. The stock has a market capitalization of $6.35 billion, a P/E ratio of 32.74 and a beta of 1.05. The stock has a fifty day moving average of $35.04 and a 200-day moving average of $36.21.

STAG Industrial (NYSE:STAG) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. On average, sell-side analysts expect that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.1242 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a yield of 4.25%. This is a positive change from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s payout ratio is currently 143.27%.

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.