Employees Retirement System of Texas Has $7.31 Million Stake in STAG Industrial, Inc. (NYSE:STAG)

Employees Retirement System of Texas increased its holdings in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 426.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 216,000 shares of the real estate investment trust's stock after purchasing an additional 175,000 shares during the period. Employees Retirement System of Texas owned 0.12% of STAG Industrial worth $7,305,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its position in STAG Industrial by 0.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,131 shares of the real estate investment trust's stock worth $1,256,000 after acquiring an additional 300 shares during the last quarter. Values First Advisors Inc. raised its position in shares of STAG Industrial by 2.2% in the fourth quarter. Values First Advisors Inc. now owns 14,562 shares of the real estate investment trust's stock valued at $492,000 after buying an additional 307 shares in the last quarter. Synovus Financial Corp raised its position in shares of STAG Industrial by 1.8% in the fourth quarter. Synovus Financial Corp now owns 21,695 shares of the real estate investment trust's stock valued at $734,000 after buying an additional 377 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of STAG Industrial by 6.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 6,773 shares of the real estate investment trust's stock valued at $229,000 after buying an additional 387 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of STAG Industrial by 2.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 15,808 shares of the real estate investment trust's stock valued at $535,000 after buying an additional 394 shares in the last quarter. Institutional investors own 88.67% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on STAG. Robert W. Baird dropped their price target on shares of STAG Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Raymond James lifted their price objective on shares of STAG Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $38.00 price objective on shares of STAG Industrial in a research note on Monday, May 19th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, STAG Industrial currently has a consensus rating of "Hold" and an average target price of $39.63.

STAG Industrial Trading Down 0.8%

Shares of STAG Industrial stock traded down $0.30 during trading on Friday, hitting $35.62. The company's stock had a trading volume of 2,040,304 shares, compared to its average volume of 1,238,777. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. STAG Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $41.63. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of 34.25 and a beta of 0.93. The stock has a 50-day moving average price of $33.78 and a two-hundred day moving average price of $34.64.

STAG Industrial (NYSE:STAG - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. The company had revenue of $205.57 million for the quarter, compared to analysts' expectations of $202.04 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. STAG Industrial's revenue for the quarter was up 9.7% on a year-over-year basis. Equities research analysts anticipate that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.1242 dividend. The ex-dividend date is Friday, May 30th. This represents a dividend yield of 4.37%. STAG Industrial's dividend payout ratio is 112.03%.

STAG Industrial Company Profile

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.