Teacher Retirement System of Texas Trims Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Teacher Retirement System of Texas cut its stake in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 31.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,580 shares of the real estate investment trust's stock after selling 11,517 shares during the period. Teacher Retirement System of Texas' holdings in STAG Industrial were worth $865,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of STAG. Sugar Maple Asset Management LLC purchased a new stake in shares of STAG Industrial in the 4th quarter valued at about $43,000. Hilltop National Bank increased 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 worth $76,000 after buying an additional 362 shares during the period. Principal Securities Inc. lifted its stake in STAG Industrial by 20.7% in 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 boosted 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 valued at $108,000 after acquiring an additional 1,100 shares during the period. Finally, Venturi Wealth Management LLC purchased a new position in shares of STAG Industrial during the fourth quarter worth approximately $109,000. Institutional investors and hedge funds own 88.67% of the company's stock.

Insider Activity

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the company's stock in a transaction 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 sale, the director now owns 9,632 shares of the company's stock, valued at approximately $338,083.20. This represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company's stock.

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STAG Industrial Stock Performance

NYSE STAG traded down $0.05 during trading hours on Wednesday, hitting $36.18. 1,825,893 shares of the stock were exchanged, compared to its average volume of 1,147,577. STAG Industrial, Inc. has a 12-month low of $32.27 and a 12-month high of $41.63. The stock has a 50-day moving average of $35.29 and a 200 day moving average of $36.01. The company has a market cap of $6.75 billion, a price-to-earnings ratio of 34.79 and a beta of 1.05. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86.

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

STAG Industrial Increases Dividend

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

Wall Street Analysts Forecast Growth

STAG has been the subject of a number of recent research reports. Barclays decreased their price target 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 decreased their target price 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. Finally, Raymond James boosted their price target on STAG Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, STAG Industrial presently has a consensus rating of "Moderate Buy" and an average price target of $40.38.

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.