Louisiana State Employees Retirement System Makes New Investment in STAG Industrial, Inc. (NYSE:STAG)

Louisiana State Employees Retirement System purchased a new position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 51,000 shares of the real estate investment trust's stock, valued at approximately $2,002,000.

A number of other institutional investors also recently made changes to their positions in the stock. Eagle Bay Advisors LLC acquired a new stake in shares of STAG Industrial during the 2nd quarter valued at $27,000. Fifth Third Bancorp boosted its position in shares of STAG Industrial by 121.3% in the 3rd quarter. Fifth Third Bancorp now owns 905 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 496 shares during the period. Rational Advisors LLC acquired a new stake in STAG Industrial during the 3rd quarter worth about $42,000. Sound Income Strategies LLC raised its holdings in STAG Industrial by 35.5% during the 4th quarter. Sound Income Strategies LLC now owns 1,363 shares of the real estate investment trust's stock worth $54,000 after buying an additional 357 shares during the period. Finally, IFP Advisors Inc lifted its stake in STAG Industrial by 52.6% during the second quarter. IFP Advisors Inc now owns 1,401 shares of the real estate investment trust's stock valued at $50,000 after buying an additional 483 shares in the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

STAG has been the subject of several research analyst reports. Robert W. Baird restated a "neutral" rating and issued a $41.00 price target (up previously from $38.00) on shares of STAG Industrial in a research report on Friday, January 5th. Royal Bank of Canada increased their target price on STAG Industrial from $39.00 to $40.00 and gave the company a "sector perform" rating in a report on Friday, February 16th. BMO Capital Markets reissued an "outperform" rating and set a $42.00 price target (up from $41.00) on shares of STAG Industrial in a research report on Monday, April 8th. Finally, Barclays started coverage on STAG Industrial in a research report on Wednesday, March 27th. They set an "equal weight" rating and a $40.00 price objective for the company. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $39.13.

STAG Industrial Stock Down 1.3 %

NYSE STAG traded down $0.46 during trading on Thursday, reaching $34.37. The company's stock had a trading volume of 1,250,901 shares, compared to its average volume of 1,133,006. The business has a 50-day moving average price of $37.58 and a 200-day moving average price of $36.77. STAG Industrial, Inc. has a 1-year low of $31.69 and a 1-year high of $39.61. The stock has a market capitalization of $6.25 billion, a PE ratio of 31.82, a PEG ratio of 5.02 and a beta of 1.02. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.76.

STAG Industrial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.1233 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date is Friday, June 28th. STAG Industrial's dividend payout ratio is presently 137.04%.

About STAG Industrial

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.