Stag Industrial, Inc. $STAG Shares Purchased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 4.7% during the second quarter, HoldingsChannel.com reports. The firm owned 108,422 shares of the real estate investment trust’s stock after acquiring an additional 4,869 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Stag Industrial were worth $3,934,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Nuveen LLC purchased a new position in shares of Stag Industrial in the 1st quarter worth $129,972,000. Cbre Investment Management Listed Real Assets LLC increased its stake in Stag Industrial by 82.3% during the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,533,588 shares of the real estate investment trust’s stock worth $128,199,000 after acquiring an additional 1,595,238 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Stag Industrial by 37.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust’s stock worth $60,391,000 after purchasing an additional 451,355 shares during the period. American Century Companies Inc. lifted its stake in shares of Stag Industrial by 606.8% in the 1st quarter. American Century Companies Inc. now owns 445,853 shares of the real estate investment trust’s stock valued at $16,104,000 after purchasing an additional 382,771 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Stag Industrial by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 26,178,628 shares of the real estate investment trust’s stock worth $945,572,000 after purchasing an additional 347,729 shares during the period. 88.67% of the stock is owned by hedge funds and other institutional investors.

Stag Industrial Trading Up 0.2%

STAG opened at $38.59 on Wednesday. The firm’s 50 day moving average is $37.11 and its 200-day moving average is $36.20. Stag Industrial, Inc. has a 52-week low of $28.61 and a 52-week high of $39.57. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $7.21 billion, a P/E ratio of 29.68 and a beta of 0.95.

Stag Industrial (NYSE:STAG) last released its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. Stag Industrial had a net margin of 29.24% and a return on equity of 6.82%. The business had revenue of $211.12 million during the quarter, compared to analyst estimates of $210.26 million. During the same period last year, the business earned $0.60 EPS. The business’s revenue was up 10.7% on a year-over-year basis. Analysts expect that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.1242 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, December 31st. Stag Industrial’s payout ratio is presently 114.62%.

Wall Street Analyst Weigh In

STAG has been the topic of several research reports. Robert W. Baird raised their price target on shares of Stag Industrial from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of Stag Industrial in a research report on Thursday, November 13th. Royal Bank Of Canada raised their target price on shares of Stag Industrial from $38.00 to $42.00 and gave the company a “sector perform” rating in a research note on Thursday, November 6th. Evercore ISI upped their price target on shares of Stag Industrial from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Finally, Citigroup increased their price target on Stag Industrial from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $38.89.

Insider Transactions at Stag Industrial

In other Stag Industrial news, Director Larry T. Guillemette sold 2,004 shares of Stag Industrial stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $35.20, for a total transaction of $70,540.80. Following the sale, the director directly owned 38,666 shares in the company, valued at $1,361,043.20. The trade was a 4.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Chase sold 13,144 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $38.75, for a total value of $509,330.00. Following the completion of the transaction, the executive vice president directly owned 9,422 shares in the company, valued at approximately $365,102.50. The trade was a 58.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 40,148 shares of company stock valued at $1,502,621. 1.10% of the stock is currently owned by insiders.

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.