Teacher Retirement System of Texas Raises Position in Stag Industrial, Inc. (NYSE:STAG)

Teacher Retirement System of Texas boosted its stake in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 55.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,735 shares of the real estate investment trust's stock after purchasing an additional 14,155 shares during the period. Teacher Retirement System of Texas' holdings in Stag Industrial were worth $1,435,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Stag Industrial in the fourth quarter worth about $75,471,000. FMR LLC boosted its stake in shares of Stag Industrial by 30.1% in the fourth quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust's stock worth $305,224,000 after acquiring an additional 2,088,839 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Stag Industrial by 442.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,364,411 shares of the real estate investment trust's stock worth $46,144,000 after acquiring an additional 1,112,757 shares during the period. Northern Trust Corp boosted its stake in shares of Stag Industrial by 33.3% in the fourth quarter. Northern Trust Corp now owns 2,090,046 shares of the real estate investment trust's stock worth $70,685,000 after acquiring an additional 522,568 shares during the period. Finally, Woodline Partners LP bought a new position in shares of Stag Industrial in the fourth quarter worth about $15,446,000. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Stag Industrial

In other Stag Industrial news, Director Benjamin S. Butcher sold 28,843 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the sale, the director directly owned 7,115 shares in the company, valued at $262,543.50. This represents a 80.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.10% of the stock is currently owned by company insiders.

Stag Industrial Price Performance

Stag Industrial stock traded up $0.18 during midday trading on Friday, reaching $36.12. 1,668,281 shares of the stock traded hands, compared to its average volume of 1,287,176. The stock's fifty day moving average is $35.76 and its 200-day moving average is $34.74. Stag Industrial, Inc. has a 12 month low of $28.61 and a 12 month high of $41.63. The stock has a market cap of $6.74 billion, a P/E ratio of 27.16 and a beta of 0.93. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.86.

Stag Industrial (NYSE:STAG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $202.04 million. During the same period in the prior year, the company earned $0.59 earnings per share. The firm's revenue was up 9.7% on a year-over-year basis. As a group, equities research analysts anticipate that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.1242 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.49 dividend on an annualized basis and a yield of 4.13%. Stag Industrial's dividend payout ratio (DPR) is presently 112.03%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Raymond James Financial upped their price objective on Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Robert W. Baird dropped 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. Finally, Royal Bank Of Canada reissued 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 analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Stag Industrial has an average rating of "Hold" and a consensus target price of $39.71.

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.