Teacher Retirement System of Texas Cuts Position in Stag Industrial, Inc. $STAG

Teacher Retirement System of Texas cut its position in Stag Industrial, Inc. (NYSE:STAG) by 28.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,588 shares of the real estate investment trust’s stock after selling 13,357 shares during the quarter. Teacher Retirement System of Texas’ holdings in Stag Industrial were worth $1,185,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Naples Global Advisors LLC lifted its stake in Stag Industrial by 5.8% during the 3rd quarter. Naples Global Advisors LLC now owns 15,585 shares of the real estate investment trust’s stock worth $550,000 after acquiring an additional 855 shares in the last quarter. Covestor Ltd increased its stake in Stag Industrial by 98.5% during the third quarter. Covestor Ltd now owns 1,769 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 878 shares during the period. Hudson Edge Investment Partners Inc. lifted its position in shares of Stag Industrial by 21.3% during the third quarter. Hudson Edge Investment Partners Inc. now owns 21,810 shares of the real estate investment trust’s stock worth $770,000 after purchasing an additional 3,827 shares in the last quarter. Anchor Capital Advisors LLC boosted its stake in shares of Stag Industrial by 15.7% in the third quarter. Anchor Capital Advisors LLC now owns 51,822 shares of the real estate investment trust’s stock valued at $1,829,000 after purchasing an additional 7,021 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Stag Industrial by 14.1% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 64,855 shares of the real estate investment trust’s stock valued at $2,289,000 after purchasing an additional 8,017 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Insider Buying and Selling at Stag Industrial

In other news, EVP Michael Chase sold 13,144 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $38.75, for a total transaction of $509,330.00. Following the completion of the sale, the executive vice president owned 9,422 shares in the company, valued at approximately $365,102.50. The trade was a 58.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on STAG. Citigroup boosted their price target on shares of Stag Industrial from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Industrial Alliance Securities set a $39.00 target price on Stag Industrial in a research note on Tuesday, January 13th. Royal Bank Of Canada increased their price target on Stag Industrial from $38.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday, November 6th. Barclays reiterated an “underweight” rating and issued a $39.00 price objective (down previously from $40.00) on shares of Stag Industrial in a research note on Tuesday, January 13th. Finally, Wells Fargo & Company upped their target price on shares of Stag Industrial from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Stag Industrial has a consensus rating of “Hold” and a consensus price target of $39.33.

Stag Industrial Price Performance

Shares of NYSE STAG opened at $37.50 on Monday. The stock’s 50-day simple moving average is $37.74 and its 200-day simple moving average is $36.96. The firm has a market capitalization of $7.00 billion, a PE ratio of 28.85 and a beta of 1.06. Stag Industrial, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $39.73. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.06 and a current ratio of 1.06.

Stag Industrial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.3875 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.55 dividend on an annualized basis and a yield of 4.1%. Stag Industrial’s dividend payout ratio (DPR) is presently 114.62%.

Stag Industrial Company Profile

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.