Stag Industrial, Inc. (NYSE:STAG) Shares Bought by Teacher Retirement System of Texas

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

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC lifted its stake in Stag Industrial by 30.1% during the fourth quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust's stock worth $305,224,000 after purchasing an additional 2,088,839 shares during the last quarter. Earnest Partners LLC lifted its stake in Stag Industrial by 6.6% during the fourth quarter. Earnest Partners LLC now owns 3,795,425 shares of the real estate investment trust's stock worth $128,361,000 after purchasing an additional 235,622 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in Stag Industrial by 5.9% during the fourth quarter. Nuveen Asset Management LLC now owns 3,679,641 shares of the real estate investment trust's stock worth $124,445,000 after purchasing an additional 204,948 shares during the last quarter. Geode Capital Management LLC lifted its stake in Stag Industrial by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 3,421,549 shares of the real estate investment trust's stock worth $115,748,000 after purchasing an additional 18,009 shares during the last quarter. Finally, Boston Trust Walden Corp lifted its stake in Stag Industrial by 17.5% during the first quarter. Boston Trust Walden Corp now owns 2,942,495 shares of the real estate investment trust's stock worth $106,283,000 after purchasing an additional 437,527 shares during the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Benjamin S. Butcher sold 28,843 shares of the company's stock in a transaction 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 transaction, the director owned 7,115 shares of the company's stock, valued at $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 SEC, which is available at this link. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

STAG has been the topic of a number of research reports. Robert W. Baird lowered their target price on shares of Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Royal Bank Of Canada restated a "sector perform" rating and set a $38.00 target price on shares of Stag Industrial in a research report on Monday, May 19th. Finally, Raymond James Financial raised their target price on shares of Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $39.71.

Stag Industrial Stock Performance

NYSE:STAG traded up $0.28 during midday trading on Wednesday, reaching $35.85. The stock had a trading volume of 1,515,686 shares, compared to its average volume of 1,286,770. The firm has a fifty day simple moving average of $35.85 and a two-hundred day simple moving average of $34.77. Stag Industrial, Inc. has a 12-month low of $28.61 and a 12-month high of $41.63. 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 $6.69 billion, a P/E ratio of 26.96 and a beta of 0.93.

Stag Industrial (NYSE:STAG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $202.04 million. During the same period last year, the firm posted $0.59 EPS. Stag Industrial's quarterly revenue was up 9.7% on a year-over-year basis. On average, equities analysts expect that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.1242 per share. This represents a $1.49 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date is Tuesday, September 30th. Stag Industrial's dividend payout ratio is presently 112.03%.

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.