Strs Ohio Has $3.24 Million Stock Holdings in Stag Industrial, Inc. $STAG

Strs Ohio decreased its position in Stag Industrial, Inc. (NYSE:STAG) by 61.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 89,244 shares of the real estate investment trust’s stock after selling 142,043 shares during the period. Strs Ohio’s holdings in Stag Industrial were worth $3,238,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in STAG. Teacher Retirement System of Texas boosted its stake in Stag Industrial by 55.3% in the 1st quarter. Teacher Retirement System of Texas now owns 39,735 shares of the real estate investment trust’s stock worth $1,435,000 after purchasing an additional 14,155 shares during the period. Principal Financial Group Inc. boosted its stake in Stag Industrial by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 429,045 shares of the real estate investment trust’s stock worth $15,497,000 after purchasing an additional 11,408 shares during the period. Park Avenue Securities LLC acquired a new position in Stag Industrial in the 2nd quarter worth $268,000. AQR Capital Management LLC boosted its stake in Stag Industrial by 70.0% in the 1st quarter. AQR Capital Management LLC now owns 350,708 shares of the real estate investment trust’s stock worth $12,633,000 after purchasing an additional 144,368 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Stag Industrial by 2.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,212,192 shares of the real estate investment trust’s stock worth $116,024,000 after purchasing an additional 87,659 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

Stag Industrial Trading Down 0.6%

Shares of NYSE:STAG opened at $38.31 on Monday. The company’s 50-day moving average price is $36.59 and its two-hundred day moving average price is $35.71. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31. Stag Industrial, Inc. has a one year low of $28.61 and a one year high of $39.01. The stock has a market capitalization of $7.15 billion, a PE ratio of 29.47 and a beta of 0.92.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. Stag Industrial had a net margin of 29.24% and a return on equity of 6.82%. The firm had revenue of $211.12 million for the quarter, compared to analysts’ expectations of $210.26 million. During the same period in the previous year, the firm posted $0.60 EPS. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, equities analysts forecast that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a $0.1242 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, December 31st. Stag Industrial’s dividend payout ratio is presently 114.62%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Industrial Alliance Securities set a $37.00 target price on shares of Stag Industrial in a research note on Wednesday, October 1st. Cantor Fitzgerald assumed coverage on shares of Stag Industrial in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $37.00 target price for the company. Evercore ISI upped their target price on shares of Stag Industrial from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Stag Industrial in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $38.13.

Insider Transactions at Stag Industrial

In other news, Director Benjamin S. Butcher sold 25,000 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $36.91, for a total value of $922,750.00. Following the sale, the director directly owned 7,562 shares of the company’s stock, valued at approximately $279,113.42. This represents a 76.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Larry T. Guillemette sold 2,004 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $35.20, for a total transaction of $70,540.80. Following the completion of the sale, the director directly owned 38,666 shares in the company, valued at approximately $1,361,043.20. The trade was a 4.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by corporate insiders.

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.