New York State Teachers Retirement System Acquires 1,936 Shares of STAG Industrial, Inc. (NYSE:STAG)

New York State Teachers Retirement System increased its holdings in STAG Industrial, Inc. (NYSE:STAG) by 5.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 38,605 shares of the real estate investment trust’s stock after buying an additional 1,936 shares during the quarter. New York State Teachers Retirement System’s holdings in STAG Industrial were worth $1,516,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC raised its holdings in shares of STAG Industrial by 3,860.5% during the fourth quarter. International Assets Investment Management LLC now owns 114,816 shares of the real estate investment trust’s stock valued at $4,508,000 after purchasing an additional 111,917 shares during the last quarter. Boston Trust Walden Corp grew its holdings in shares of STAG Industrial by 1.1% in the fourth quarter. Boston Trust Walden Corp now owns 2,539,129 shares of the real estate investment trust’s stock worth $99,686,000 after acquiring an additional 28,304 shares during the period. Asset Management One Co. Ltd. lifted its holdings in STAG Industrial by 5.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 387,971 shares of the real estate investment trust’s stock valued at $15,356,000 after acquiring an additional 20,831 shares during the period. Private Trust Co. NA boosted its position in STAG Industrial by 15.5% in the fourth quarter. Private Trust Co. NA now owns 2,605 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 349 shares during the last quarter. Finally, State of Michigan Retirement System grew its stake in shares of STAG Industrial by 1.4% during the 4th quarter. State of Michigan Retirement System now owns 43,600 shares of the real estate investment trust’s stock valued at $1,712,000 after purchasing an additional 600 shares during the period. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Robert W. Baird reissued a “neutral” rating and issued a $41.00 price objective (up previously from $38.00) on shares of STAG Industrial in a report on Friday, January 5th. Royal Bank of Canada raised their target price on STAG Industrial from $39.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, February 16th. Barclays initiated coverage on STAG Industrial in a report on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 price target for the company. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $42.00 price objective (up previously from $41.00) on shares of STAG Industrial in a research note on Monday, April 8th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $39.13.

STAG Industrial Price Performance

Shares of STAG Industrial stock opened at $34.84 on Thursday. The company has a market capitalization of $6.34 billion, a price-to-earnings ratio of 32.26, a PEG ratio of 5.10 and a beta of 1.02. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.76. The stock’s 50-day simple moving average is $37.65 and its 200-day simple moving average is $36.78. STAG Industrial, Inc. has a 52 week low of $31.69 and a 52 week high of $39.61.

STAG Industrial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.1233 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.48 dividend on an annualized basis and a yield of 4.25%. STAG Industrial’s dividend payout ratio is presently 137.04%.

STAG Industrial Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.