Ontario Teachers Pension Plan Board Purchases New Holdings in STAG Industrial, Inc. (NYSE:STAG)

Ontario Teachers Pension Plan Board purchased a new position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 37,124 shares of the real estate investment trust's stock, valued at approximately $1,256,000.

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

STAG Industrial Stock Performance

NYSE STAG traded down $1.09 on Monday, reaching $32.06. 146,574 shares of the company's stock traded hands, compared to its average volume of 1,190,300. The stock has a 50 day moving average price of $34.61 and a 200-day moving average price of $35.31. The firm has a market cap of $5.98 billion, a price-to-earnings ratio of 30.83 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, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $41.63.

STAG Industrial (NYSE:STAG - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. Equities research analysts predict that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.1242 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.65%. STAG Industrial's dividend payout ratio (DPR) is currently 143.27%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Barclays reduced their price objective on shares of STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 28th. Royal Bank of Canada dropped their price target 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. Finally, Raymond James cut their price target on shares of STAG Industrial from $40.00 to $36.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $39.57.

Insider Activity

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

STAG Industrial Company 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.