New York State Common Retirement Fund Trims Position in Stag Industrial, Inc. (NYSE:STAG)

New York State Common Retirement Fund trimmed its position in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 4.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,035,467 shares of the real estate investment trust's stock after selling 48,817 shares during the quarter. New York State Common Retirement Fund owned approximately 0.55% of Stag Industrial worth $37,401,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Synovus Financial Corp boosted its stake in 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 acquiring an additional 377 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in Stag Industrial by 6.1% in the 4th 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 last quarter. Envestnet Portfolio Solutions Inc. grew its position in shares of Stag Industrial by 2.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 15,808 shares of the real estate investment trust's stock valued at $535,000 after acquiring an additional 394 shares during the period. Integrated Advisors Network LLC grew its position in shares of Stag Industrial by 3.5% in the 4th quarter. Integrated Advisors Network LLC now owns 11,673 shares of the real estate investment trust's stock valued at $395,000 after acquiring an additional 398 shares during the period. Finally, PFG Investments LLC grew its position in shares of Stag Industrial by 5.4% in the 1st quarter. PFG Investments LLC now owns 8,302 shares of the real estate investment trust's stock valued at $300,000 after acquiring an additional 429 shares during the period. 88.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Raymond James Financial 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 report on Wednesday, May 7th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $38.00 price objective on shares of Stag Industrial in a report on Monday, May 19th. Finally, Robert W. Baird cut their price objective on shares of Stag Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $39.71.

Insider Transactions at Stag Industrial

In other Stag Industrial news, Director Benjamin S. Butcher sold 28,843 shares of Stag Industrial stock in a transaction dated 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 completion of the transaction, the director directly owned 7,115 shares of the company's stock, valued at approximately $262,543.50. The trade was a 80.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by company insiders.

Stag Industrial Trading Up 0.5%

Shares of STAG traded up $0.18 during mid-day trading on Friday, reaching $35.46. The company's stock had a trading volume of 431,351 shares, compared to its average volume of 1,280,259. The stock has a market cap of $6.62 billion, a PE ratio of 26.72 and a beta of 0.93. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.86. Stag Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $41.63. The company's fifty day moving average price is $35.93 and its two-hundred day moving average price is $34.79.

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

Stag Industrial Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given a dividend of $0.1242 per share. This represents a yield of 4.22%. The ex-dividend date of this dividend is Thursday, July 31st. Stag Industrial's payout ratio is currently 112.03%.

Stag Industrial 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.