Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $3.36 Million Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 38.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 99,198 shares of the real estate investment trust's stock after buying an additional 27,405 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.05% of STAG Industrial worth $3,355,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. FMR LLC lifted its position in STAG Industrial by 145.5% in the third quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust's stock worth $271,132,000 after purchasing an additional 4,111,268 shares during the period. Raymond James Financial Inc. bought a new position in shares of STAG Industrial during the 4th quarter worth about $57,561,000. Bank of Montreal Can boosted its position in shares of STAG Industrial by 330.5% during the 3rd quarter. Bank of Montreal Can now owns 1,346,149 shares of the real estate investment trust's stock valued at $52,823,000 after acquiring an additional 1,033,485 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in STAG Industrial by 36.0% in the third quarter. Westfield Capital Management Co. LP now owns 1,670,586 shares of the real estate investment trust's stock valued at $65,303,000 after acquiring an additional 442,618 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in STAG Industrial by 7.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust's stock worth $123,883,000 after purchasing an additional 227,629 shares in the last quarter. 88.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on STAG shares. Royal Bank of Canada lowered their price objective on 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. Raymond James increased their price objective on STAG Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Finally, Barclays reduced their target price on shares of 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. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, STAG Industrial has a consensus rating of "Moderate Buy" and a consensus target price of $40.38.

Insider Buying and Selling

In related news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the completion of the sale, the director now directly owns 9,632 shares of the company's stock, valued at $338,083.20. The trade was a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.10% of the company's stock.

STAG Industrial Price Performance

STAG traded down $0.02 during midday trading on Thursday, hitting $35.44. The company had a trading volume of 1,120,688 shares, compared to its average volume of 1,081,821. STAG Industrial, Inc. has a twelve month low of $32.27 and a twelve month high of $41.63. The company has a market capitalization of $6.61 billion, a PE ratio of 34.08 and a beta of 1.05. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36. The firm's 50-day simple moving average is $35.12 and its 200-day simple moving average is $36.13.

STAG Industrial (NYSE:STAG - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share 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%. Equities research analysts predict that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Increases Dividend

The company also recently declared a dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.1242 dividend. This is a boost from STAG Industrial's previous dividend of $0.12. The ex-dividend date of this dividend was Friday, February 28th. This represents a yield of 4.25%. STAG Industrial's dividend payout ratio (DPR) is currently 143.27%.

STAG Industrial Profile

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.