California State Teachers Retirement System Purchases 44,667 Shares of Stag Industrial, Inc. $STAG

California State Teachers Retirement System grew its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 25.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 221,520 shares of the real estate investment trust’s stock after acquiring an additional 44,667 shares during the period. California State Teachers Retirement System’s holdings in Stag Industrial were worth $7,988,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of Stag Industrial by 42.4% in the 1st quarter. Royal Bank of Canada now owns 378,187 shares of the real estate investment trust’s stock worth $13,637,000 after acquiring an additional 112,589 shares in the last quarter. Quantinno Capital Management LP boosted its stake in Stag Industrial by 6.8% during the first quarter. Quantinno Capital Management LP now owns 95,736 shares of the real estate investment trust’s stock worth $3,452,000 after acquiring an additional 6,062 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Stag Industrial by 13.0% during the first quarter. Lazard Asset Management LLC now owns 38,262 shares of the real estate investment trust’s stock worth $1,380,000 after acquiring an additional 4,416 shares in the last quarter. Dean Capital Management increased its position in Stag Industrial by 14.9% during the 1st quarter. Dean Capital Management now owns 55,563 shares of the real estate investment trust’s stock valued at $2,004,000 after buying an additional 7,202 shares in the last quarter. Finally, Waverly Advisors LLC increased its holdings in shares of Stag Industrial by 0.8% during the first quarter. Waverly Advisors LLC now owns 137,837 shares of the real estate investment trust’s stock valued at $4,970,000 after acquiring an additional 1,067 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Stag Industrial Trading Down 2.0%

NYSE:STAG opened at $37.78 on Wednesday. Stag Industrial, Inc. has a one year low of $34.18 and a one year high of $42.61. The business has a fifty day moving average price of $38.86 and a 200-day moving average price of $38.38. The firm has a market capitalization of $7.28 billion, a price-to-earnings ratio of 29.06 and a beta of 0.96. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.76 and a quick ratio of 1.76.

Stag Industrial (NYSE:STAG) last released its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.37). The company had revenue of $224.37 million for the quarter, compared to the consensus estimate of $223.04 million. Stag Industrial had a net margin of 28.04% and a return on equity of 6.79%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.63 EPS. Sell-side analysts forecast that Stag Industrial, Inc. will post 2.63 EPS for the current year.

Stag Industrial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.3875 per share. The ex-dividend date is Wednesday, September 30th. 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 119.23%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on STAG shares. Raymond James Financial initiated coverage on shares of Stag Industrial in a report on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 price objective for the company. Evercore reissued an “outperform” rating and issued a $44.00 target price on shares of Stag Industrial in a report on Wednesday, April 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Stag Industrial in a research note on Friday. Robert W. Baird set a $138.00 price target on Stag Industrial in a report on Friday. Finally, Barclays increased their price objective on Stag Industrial from $38.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday, July 16th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $50.50.

Stag Industrial 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.