New York State Teachers Retirement System Has $2.02 Million Stock Holdings in Stag Industrial, Inc. (NYSE:STAG)

New York State Teachers Retirement System increased its position in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 47.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,963 shares of the real estate investment trust's stock after buying 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.

Several other large investors also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Stag Industrial by 2.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 202,496 shares of the real estate investment trust's stock valued at $7,314,000 after buying an additional 4,752 shares during the period. Tsfg LLC acquired a new position in Stag Industrial during the 1st quarter valued at about $32,000. Allspring Global Investments Holdings LLC boosted its stake in Stag Industrial by 28.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 214,926 shares of the real estate investment trust's stock valued at $7,787,000 after purchasing an additional 47,360 shares during the last quarter. Bessemer Group Inc. boosted its stake in Stag Industrial by 5.4% during the 1st quarter. Bessemer Group Inc. now owns 656,977 shares of the real estate investment trust's stock valued at $23,730,000 after purchasing an additional 33,892 shares during the last quarter. Finally, Moran Wealth Management LLC boosted its stake in Stag Industrial by 1.2% during the 1st quarter. Moran Wealth Management LLC now owns 36,799 shares of the real estate investment trust's stock valued at $1,329,000 after purchasing an additional 436 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Stag Industrial Price Performance

Stag Industrial stock opened at $36.41 on Wednesday. Stag Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $41.63. The company's 50 day moving average price is $35.59 and its two-hundred day moving average price is $34.70. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.86. The stock has a market cap of $6.79 billion, a P/E ratio of 27.38 and a beta of 0.93.

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

Stag Industrial Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on STAG shares. Robert W. Baird cut 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. Raymond James Financial lifted 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. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $38.00 price target on shares of Stag Industrial in a research note on Monday, May 19th. Four 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.com, the company currently has an average rating of "Hold" and an average target price of $39.71.

Insider Activity at Stag Industrial

In related news, Director Benjamin S. Butcher sold 28,843 shares of Stag Industrial stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $36.90, for a total value of $1,064,306.70. Following the sale, the director owned 7,115 shares of the company's stock, valued at approximately $262,543.50. The trade was a 80.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company 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.

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