New York State Common Retirement Fund Increases Stock Position in STAG Industrial, Inc. (NYSE:STAG)

New York State Common Retirement Fund increased its position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 15.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,084,284 shares of the real estate investment trust's stock after purchasing an additional 146,942 shares during the quarter. New York State Common Retirement Fund owned 0.60% of STAG Industrial worth $36,670,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Venturi Wealth Management LLC purchased a new position in STAG Industrial in the 4th quarter worth approximately $109,000. Sanctuary Advisors LLC boosted its stake in STAG Industrial by 13.3% during the 4th quarter. Sanctuary Advisors LLC now owns 24,449 shares of the real estate investment trust's stock valued at $843,000 after purchasing an additional 2,866 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in shares of STAG Industrial by 3.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 186,958 shares of the real estate investment trust's stock worth $6,323,000 after acquiring an additional 6,662 shares during the period. Principal Securities Inc. boosted its stake in STAG Industrial by 20.7% during the 4th quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust's stock valued at $101,000 after purchasing an additional 510 shares in the last quarter. Finally, Congress Asset Management Co. grew its holdings in STAG Industrial by 10.1% during the fourth quarter. Congress Asset Management Co. now owns 220,929 shares of the real estate investment trust's stock worth $7,472,000 after acquiring an additional 20,327 shares during the period. Institutional investors and hedge funds own 88.67% of the company's stock.

Wall Street Analysts Forecast Growth

STAG has been the topic of a number of recent analyst reports. Raymond James boosted their target price on STAG Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Royal Bank of Canada decreased their price objective on shares of STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating for the company in a research note on Monday, January 27th. Wells Fargo & Company dropped their target price on STAG Industrial from $41.00 to $38.00 and set an "equal weight" rating on the stock in a report on Monday, November 4th. Finally, Barclays cut their price objective on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a report 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.com, STAG Industrial currently has an average rating of "Moderate Buy" and a consensus price target of $40.38.

STAG Industrial Trading Up 0.1 %

NYSE:STAG traded up $0.04 on Friday, hitting $35.17. 1,049,667 shares of the stock were exchanged, compared to its average volume of 1,257,896. The company's 50-day moving average price is $34.24 and its 200 day moving average price is $36.84. 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 stock has a market capitalization of $6.56 billion, a price-to-earnings ratio of 33.81 and a beta of 1.09. STAG Industrial, Inc. has a 52 week low of $32.27 and a 52 week high of $41.63.

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 earnings per share (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%. On average, equities research analysts forecast that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.1242 per share. This is a boost from STAG Industrial's previous dividend of $0.12. This represents a dividend yield of 4.25%. The ex-dividend date is Friday, February 28th. STAG Industrial's dividend payout ratio is currently 143.27%.

Insider Buying and Selling

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 transaction of $1,755,000.00. Following the completion of the sale, the director now 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by corporate insiders.

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.