New York State Teachers Retirement System Purchases 17,958 Shares of Stag Industrial, Inc. (NYSE:STAG)

New York State Teachers Retirement System increased its position in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 47.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 55,963 shares of the real estate investment trust's stock after acquiring an additional 17,958 shares during the period. New York State Teachers Retirement System's holdings in Stag Industrial were worth $2,021,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Synovus Financial Corp increased its stake 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 during the period. Sequoia Financial Advisors LLC increased its stake 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 during the period. Envestnet Portfolio Solutions Inc. increased its stake 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 during the period. Integrated Advisors Network LLC increased its stake in shares of Stag Industrial by 3.5% in the fourth quarter. Integrated Advisors Network LLC now owns 11,673 shares of the real estate investment trust's stock valued at $395,000 after buying an additional 398 shares during the period. Finally, Arizona State Retirement System increased its stake in shares of Stag Industrial by 0.8% in the fourth quarter. Arizona State Retirement System now owns 52,852 shares of the real estate investment trust's stock valued at $1,787,000 after buying an additional 423 shares during the period. Institutional investors own 88.67% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on STAG. Robert W. Baird decreased their price target on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $38.00 price target on shares of Stag Industrial in a research note on Monday, May 19th. Finally, Raymond James Financial increased their price target on Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $39.71.

Stag Industrial Trading Up 0.7%

Shares of Stag Industrial stock traded up $0.24 on Thursday, hitting $36.37. 226,967 shares of the company's stock traded hands, compared to its average volume of 1,280,296. Stag Industrial, Inc. has a one year low of $28.61 and a one year high of $41.63. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.25 and a quick ratio of 1.25. The company has a fifty day moving average of $35.65 and a two-hundred day moving average of $34.71. The company has a market capitalization of $6.79 billion, a price-to-earnings ratio of 27.33 and a beta of 0.93.

Stag Industrial (NYSE:STAG - Get Free Report) last announced its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. Stag Industrial had a return on equity of 7.04% and a net margin of 31.05%. The company had revenue of $205.57 million for the quarter, compared to analyst estimates of $202.04 million. During the same quarter in the prior year, the company earned $0.59 EPS. The firm's revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, sell-side analysts expect that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.1242 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a dividend yield of 4.37%. Stag Industrial's payout ratio is 112.03%.

Insider Transactions at Stag Industrial

In other Stag Industrial news, Director Benjamin S. Butcher sold 28,843 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $36.90, for a total value of $1,064,306.70. Following the transaction, the director owned 7,115 shares in the company, valued at approximately $262,543.50. This represents a 80.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company's stock.

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.