231,287 Shares in Stag Industrial, Inc. $STAG Bought by Strs Ohio

Key Points

• Strs Ohio has acquired a new position in Stag Industrial, buying 231,287 shares valued at approximately $8.35 million.
• Stag Industrial reported $0.63 earnings per share for the most recent quarter, matching analysts' expectations, with revenue increasing by 9.4% year-over-year.
• The company declared a monthly dividend of $0.1242 per share, resulting in an annualized yield of 4.1%, but has a high dividend payout ratio of 117.32%.

Strs Ohio bought a new position in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 231,287 shares of the real estate investment trust's stock, valued at approximately $8,354,000. Strs Ohio owned about 0.12% of Stag Industrial as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Stag Industrial by 1.3% in the first 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. Earnest Partners LLC grew its holdings in Stag Industrial by 0.7% in the first quarter. Earnest Partners LLC now owns 3,820,565 shares of the real estate investment trust's stock worth $137,999,000 after purchasing an additional 25,140 shares during the period. Alliancebernstein L.P. grew its holdings in Stag Industrial by 3.3% in the first quarter. Alliancebernstein L.P. now owns 3,788,036 shares of the real estate investment trust's stock worth $136,824,000 after purchasing an additional 120,442 shares during the period. Nuveen Asset Management LLC grew its holdings in Stag Industrial by 5.9% in the fourth quarter. Nuveen Asset Management LLC now owns 3,679,641 shares of the real estate investment trust's stock worth $124,445,000 after purchasing an additional 204,948 shares during the period. Finally, Nuveen LLC acquired a new stake in Stag Industrial in the first quarter worth $129,972,000. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Stag Industrial Stock Down 0.4%

Shares of NYSE STAG opened at $36.27 on Friday. The stock has a market capitalization of $6.77 billion, a P/E ratio of 28.56 and a beta of 0.94. The company has a 50-day moving average price of $35.74 and a 200-day moving average price of $35.18. Stag Industrial, Inc. has a 1 year low of $28.61 and a 1 year high of $40.40. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31.

Stag Industrial (NYSE:STAG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.63. The firm had revenue of $207.44 million during the quarter, compared to analysts' expectations of $206.37 million. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The business's revenue was up 9.4% on a year-over-year basis. During the same period last year, the company earned $0.61 earnings per share. On average, equities research analysts forecast that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.1242 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, August 29th. Stag Industrial's dividend payout ratio (DPR) is presently 117.32%.

Insider Buying and Selling at Stag Industrial

In related news, Director Benjamin S. Butcher sold 25,000 shares of the firm's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $36.91, for a total transaction of $922,750.00. Following the transaction, the director directly owned 7,562 shares of the company's stock, valued at $279,113.42. This trade represents a 76.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on STAG shares. Royal Bank Of Canada restated a "sector perform" rating and issued a $38.00 price target on shares of Stag Industrial in a report on Monday, May 19th. Evercore ISI raised their price target on shares of Stag Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Stag Industrial presently has an average rating of "Hold" and an average price target of $38.17.

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.

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