Texas Permanent School Fund Corp Decreases Stake in STAG Industrial, Inc. (NYSE:STAG)

Texas Permanent School Fund Corp lowered its holdings in STAG Industrial, Inc. (NYSE:STAGFree Report) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 152,566 shares of the real estate investment trust’s stock after selling 5,353 shares during the quarter. Texas Permanent School Fund Corp owned 0.08% of STAG Industrial worth $5,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. AllSquare Wealth Management LLC purchased a new stake in STAG Industrial during the second quarter valued at $27,000. Eagle Bay Advisors LLC purchased a new stake in STAG Industrial during the second quarter valued at $27,000. Fifth Third Bancorp increased its position in STAG Industrial by 121.3% during the third quarter. Fifth Third Bancorp now owns 905 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 496 shares during the last quarter. Parallel Advisors LLC increased its position in STAG Industrial by 464.1% during the second quarter. Parallel Advisors LLC now owns 1,303 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 1,072 shares during the last quarter. Finally, IFP Advisors Inc increased its position in STAG Industrial by 52.6% during the second quarter. IFP Advisors Inc now owns 1,401 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 483 shares during the last quarter. Hedge funds and other institutional investors own 88.68% of the company’s stock.

Insider Transactions at STAG Industrial

In related news, EVP Jeffrey M. Sullivan sold 19,650 shares of the stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $38.84, for a total transaction of $763,206.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Jeffrey M. Sullivan sold 19,650 shares of the stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $38.84, for a total transaction of $763,206.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Benjamin S. Butcher sold 30,340 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $36.32, for a total value of $1,101,948.80. Following the transaction, the director now directly owns 17,148 shares of the company’s stock, valued at $622,815.36. The disclosure for this sale can be found here. Insiders sold a total of 87,890 shares of company stock valued at $3,333,708 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Robert W. Baird reiterated a “neutral” rating and set a $41.00 price objective (up previously from $38.00) on shares of STAG Industrial in a research report on Friday, January 5th. Royal Bank of Canada lowered STAG Industrial from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $42.00 to $39.00 in a report on Friday, November 3rd. Finally, Raymond James cut their price target on STAG Industrial from $39.00 to $37.00 and set an “outperform” rating for the company in a report on Tuesday, October 31st. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $38.00.

Check Out Our Latest Stock Analysis on STAG

STAG Industrial Stock Performance

NYSE STAG opened at $37.51 on Tuesday. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of 36.77, a price-to-earnings-growth ratio of 8.66 and a beta of 1.03. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.73. The business has a 50-day moving average price of $38.05 and a 200-day moving average price of $36.21. STAG Industrial, Inc. has a twelve month low of $31.01 and a twelve month high of $39.61.

STAG Industrial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be paid a $0.1233 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend is Wednesday, March 27th. STAG Industrial’s dividend payout ratio (DPR) is 145.10%.

STAG Industrial Profile

(Free Report)

We are a REIT focused on the acquisition, ownership and operation of industrial properties throughout the United States. We seek to (i) identify properties for acquisition that offer relative value across all locations, industrial property types, and tenants through the principled application of our proprietary risk assessment model, (ii) operate our properties in an efficient, cost-effective manner, and (iii) capitalize our business appropriately given the characteristics of our assets.

Further Reading

Institutional Ownership by Quarter for STAG Industrial (NYSE:STAG)

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