Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 24,771 Shares of Stag Industrial, Inc. $STAG

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 22.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 132,741 shares of the real estate investment trust’s stock after purchasing an additional 24,771 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.07% of Stag Industrial worth $4,787,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Stag Industrial during the fourth quarter worth $295,644,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Stag Industrial by 434,005.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,098,286 shares of the real estate investment trust’s stock valued at $40,373,000 after buying an additional 1,098,033 shares in the last quarter. Heitman Real Estate Securities LLC bought a new stake in shares of Stag Industrial in the 4th quarter valued at $33,558,000. Mackenzie Financial Corp acquired a new stake in Stag Industrial during the 4th quarter worth $25,459,000. Finally, Balyasny Asset Management L.P. raised its stake in Stag Industrial by 1,818.4% during the 3rd quarter. Balyasny Asset Management L.P. now owns 570,931 shares of the real estate investment trust’s stock worth $20,148,000 after buying an additional 541,170 shares during the period. Institutional investors own 88.67% of the company’s stock.

Analyst Upgrades and Downgrades

STAG has been the subject of a number of research analyst reports. Evercore reissued an “outperform” rating and issued a $44.00 target price on shares of Stag Industrial in a research note on Wednesday, April 29th. Wells Fargo & Company lowered their target price on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, June 1st. Barclays dropped their target price on shares of Stag Industrial from $39.00 to $38.00 and set an “underweight” rating on the stock in a report on Tuesday, May 5th. Raymond James Financial began coverage on shares of Stag Industrial in a research note on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 price target on the stock. Finally, Weiss Ratings downgraded shares of Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Stag Industrial has a consensus rating of “Hold” and an average price target of $40.40.

Stag Industrial Stock Performance

Shares of Stag Industrial stock opened at $39.37 on Wednesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of 30.52 and a beta of 0.97. The stock’s 50-day moving average is $38.29 and its 200-day moving average is $38.08. Stag Industrial, Inc. has a one year low of $33.72 and a one year high of $39.99.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.09. The firm had revenue of $224.21 million for the quarter, compared to analyst estimates of $221.51 million. Stag Industrial had a return on equity of 6.80% and a net margin of 28.25%.The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.61 EPS. Equities analysts predict that Stag Industrial, Inc. will post 2.64 earnings per share for the current fiscal year.

Stag Industrial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.3875 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.55 annualized dividend and a dividend yield of 3.9%. Stag Industrial’s dividend payout ratio is presently 120.16%.

Stag Industrial Profile

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.