Teacher Retirement System of Texas Sells 35,508 Shares of STAG Industrial, Inc. (NYSE:STAG)

Teacher Retirement System of Texas lowered its holdings in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 36.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,760 shares of the real estate investment trust's stock after selling 35,508 shares during the period. Teacher Retirement System of Texas' holdings in STAG Industrial were worth $2,385,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Spire Wealth Management raised its stake in shares of STAG Industrial by 124.1% during the 4th quarter. Spire Wealth Management now owns 688 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 381 shares in the last quarter. Fifth Third Bancorp grew its position in STAG Industrial by 121.3% in the third quarter. Fifth Third Bancorp now owns 905 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 496 shares in the last quarter. HHM Wealth Advisors LLC acquired a new position in shares of STAG Industrial during the 4th quarter worth $31,000. Rational Advisors LLC bought a new position in shares of STAG Industrial during the 3rd quarter valued at $42,000. Finally, Sound Income Strategies LLC lifted its stake in shares of STAG Industrial by 35.5% in the 4th quarter. Sound Income Strategies LLC now owns 1,363 shares of the real estate investment trust's stock valued at $54,000 after purchasing an additional 357 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

STAG Industrial Stock Performance

STAG stock traded up $0.12 on Thursday, reaching $36.41. 1,311,127 shares of the company were exchanged, compared to its average volume of 1,143,501. The firm has a market capitalization of $6.63 billion, a PE ratio of 36.41, a PEG ratio of 4.98 and a beta of 1.05. STAG Industrial, Inc. has a 12 month low of $31.69 and a 12 month high of $39.61. The stock's fifty day moving average price is $36.50 and its 200 day moving average price is $36.98. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.75 and a quick ratio of 1.75.

STAG Industrial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.1233 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend is Friday, June 28th. STAG Industrial's dividend payout ratio is currently 148.00%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on STAG. BMO Capital Markets reaffirmed an "outperform" rating and issued a $42.00 price target (up previously from $41.00) on shares of STAG Industrial in a research report on Monday, April 8th. Barclays started coverage on STAG Industrial in a research report on Wednesday, March 27th. They set an "equal weight" rating and a $40.00 target price for the company. Finally, Royal Bank of Canada boosted their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the stock a "sector perform" rating in a research note on Friday, February 16th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $39.13.

STAG Industrial Company Profile

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.