Teachers Insurance & Annuity Association of America increased its position in Stag Industrial Inc (NYSE:STAG) by 11.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,712 shares of the real estate investment trust’s stock after buying an additional 10,743 shares during the quarter. Teachers Insurance & Annuity Association of America owned 0.11% of Stag Industrial worth $2,807,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Teacher Retirement System of Texas purchased a new position in shares of Stag Industrial in the third quarter worth $200,000. Aperio Group LLC purchased a new position in Stag Industrial during the 4th quarter valued at $216,000. Envestnet Asset Management Inc. increased its position in Stag Industrial by 76.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 7,963 shares of the real estate investment trust’s stock valued at $219,000 after purchasing an additional 3,451 shares during the period. Signition LP purchased a new position in Stag Industrial during the 4th quarter valued at $222,000. Finally, Kovack Advisors Inc. purchased a new position in Stag Industrial during the 4th quarter valued at $239,000. 84.57% of the stock is currently owned by institutional investors.
In other Stag Industrial news, COO Stephen C. Mecke sold 30,000 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $26.41, for a total transaction of $792,300.00. Following the transaction, the chief operating officer now owns 32,000 shares in the company, valued at approximately $845,120. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO William R. Crooker sold 31,889 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $26.41, for a total transaction of $842,188.49. Following the transaction, the chief financial officer now owns 46,493 shares in the company, valued at approximately $1,227,880.13. The disclosure for this sale can be found here. Insiders have sold a total of 165,069 shares of company stock worth $4,359,472 in the last 90 days. Company insiders own 2.00% of the company’s stock.
Stag Industrial (NYSE:STAG) last posted its earnings results on Thursday, February 15th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.42. The business had revenue of $81.30 million for the quarter, compared to analysts’ expectations of $79.83 million. Stag Industrial had a net margin of 10.38% and a return on equity of 2.92%. The business’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.42 EPS. equities research analysts forecast that Stag Industrial Inc will post 1.82 earnings per share for the current fiscal year.
A number of research analysts have issued reports on STAG shares. Zacks Investment Research downgraded shares of Stag Industrial from a “hold” rating to a “sell” rating in a research report on Thursday, January 25th. TheStreet downgraded shares of Stag Industrial from a “b-” rating to a “c+” rating in a research report on Tuesday, December 19th. JPMorgan Chase & Co. raised shares of Stag Industrial from a “neutral” rating to an “overweight” rating and set a $30.00 price objective on the stock in a research report on Friday, December 15th. ValuEngine downgraded shares of Stag Industrial from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Royal Bank of Canada set a $28.00 target price on shares of Stag Industrial and gave the stock a “buy” rating in a research report on Monday, February 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. Stag Industrial has an average rating of “Buy” and a consensus price target of $29.69.
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Stag Industrial Company Profile
STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.
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