California Public Employees Retirement System Cuts Stock Position in STAG Industrial, Inc. (NYSE:STAG)

California Public Employees Retirement System decreased its position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 7.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 300,131 shares of the real estate investment trust's stock after selling 22,872 shares during the period. California Public Employees Retirement System owned approximately 0.16% of STAG Industrial worth $10,150,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC purchased a new stake in shares of STAG Industrial in the 4th quarter valued at $43,000. Hilltop National Bank boosted its position in STAG Industrial by 19.2% during the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust's stock valued at $76,000 after buying an additional 362 shares during the period. Principal Securities Inc. grew its stake in shares of STAG Industrial by 20.7% during the fourth quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust's stock valued at $101,000 after buying an additional 510 shares during the last quarter. Aew Capital Management L P increased its holdings in shares of STAG Industrial by 52.4% in the fourth quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust's stock worth $108,000 after buying an additional 1,100 shares during the period. Finally, Venturi Wealth Management LLC bought a new stake in shares of STAG Industrial in the 4th quarter valued at about $109,000. Institutional investors own 88.67% of the company's stock.

Insider Transactions at STAG Industrial

In other news, Director Benjamin S. Butcher sold 50,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total value of $1,755,000.00. Following the sale, the director now directly owns 9,632 shares of the company's stock, valued at $338,083.20. This represents a 83.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.10% of the company's stock.

STAG Industrial Trading Up 1.6 %

Shares of STAG Industrial stock traded up $0.49 during midday trading on Friday, reaching $31.39. 1,612,296 shares of the company's stock traded hands, compared to its average volume of 1,192,725. The stock has a 50 day moving average of $34.83 and a 200-day moving average of $35.54. STAG Industrial, Inc. has a 12 month low of $28.61 and a 12 month high of $41.63. The company has a market cap of $5.86 billion, a PE ratio of 30.18 and a beta of 0.96. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36.

STAG Industrial (NYSE:STAG - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. As a group, equities analysts expect that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.1242 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.75%. STAG Industrial's dividend payout ratio (DPR) is 143.27%.

Analyst Upgrades and Downgrades

STAG has been the topic of a number of analyst reports. Barclays decreased their price target on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 28th. Royal Bank of Canada decreased their target price on shares of STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a research note on Monday, January 27th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $40.14.

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.