STAG Industrial, Inc. (NYSE:STAG) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its holdings in STAG Industrial, Inc. (NYSE:STAG) by 15.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,084,284 shares of the real estate investment trust’s stock after acquiring an additional 146,942 shares during the period. New York State Common Retirement Fund owned 0.60% of STAG Industrial worth $36,670,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC acquired a new stake in STAG Industrial in the 4th quarter valued at about $43,000. Coastline Trust Co acquired a new stake in STAG Industrial in the 3rd quarter valued at about $55,000. Hilltop National Bank grew 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 acquiring an additional 362 shares during the last quarter. Principal Securities Inc. grew 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 acquiring an additional 510 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new stake in STAG Industrial in the 4th quarter valued at about $109,000. 88.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at STAG Industrial

In related news, Director Benjamin S. Butcher sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total value of $1,755,000.00. Following the transaction, the director now owns 9,632 shares in the company, valued at approximately $338,083.20. This trade represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

STAG Industrial Trading Down 0.2 %

Shares of STAG stock opened at $35.14 on Friday. The firm has a market cap of $6.56 billion, a P/E ratio of 33.78 and a beta of 1.09. STAG Industrial, Inc. has a 1-year low of $32.27 and a 1-year high of $41.63. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. The firm’s 50-day simple moving average is $34.24 and its 200-day simple moving average is $36.84.

STAG Industrial (NYSE:STAG) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. As a group, equities analysts forecast that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.1242 per share. This is a positive change from STAG Industrial’s previous dividend of $0.12. This represents a dividend yield of 4.25%. The ex-dividend date is Friday, February 28th. STAG Industrial’s dividend payout ratio is presently 143.27%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Royal Bank of Canada lowered their price objective on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Monday, January 27th. Wells Fargo & Company reduced their target price on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Barclays reduced their target price on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. Finally, Raymond James upped their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.38.

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.