California Public Employees Retirement System Has $10.15 Million Stake in STAG Industrial, Inc. (NYSE:STAG)

California Public Employees Retirement System lowered its holdings in STAG Industrial, Inc. (NYSE:STAG) by 7.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 300,131 shares of the real estate investment trust’s stock after selling 22,872 shares during the quarter. California Public Employees Retirement System’s holdings in STAG Industrial were worth $10,150,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Captrust Financial Advisors grew its holdings in shares of STAG Industrial by 3.7% during the third quarter. Captrust Financial Advisors now owns 24,500 shares of the real estate investment trust’s stock valued at $958,000 after buying an additional 880 shares during the last quarter. Verition Fund Management LLC lifted its position in STAG Industrial by 140.4% in the 3rd quarter. Verition Fund Management LLC now owns 22,963 shares of the real estate investment trust’s stock valued at $898,000 after acquiring an additional 13,411 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in STAG Industrial by 142.3% during the 3rd quarter. Benjamin Edwards Inc. now owns 5,937 shares of the real estate investment trust’s stock valued at $232,000 after purchasing an additional 3,487 shares during the last quarter. Holocene Advisors LP bought a new stake in STAG Industrial during the 3rd quarter worth approximately $652,000. Finally, HighTower Advisors LLC raised its stake in shares of STAG Industrial by 22.6% in the third quarter. HighTower Advisors LLC now owns 13,620 shares of the real estate investment trust’s stock worth $537,000 after purchasing an additional 2,508 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

Insider Activity at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the firm’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 completion of the sale, the director now directly owns 9,632 shares of the company’s stock, valued at $338,083.20. This trade represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

STAG has been the topic of several analyst reports. Barclays cut their target price on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 28th. Raymond James lifted their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Royal Bank of Canada lowered 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 report on Monday, January 27th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.38.

STAG Industrial Stock Down 3.7 %

Shares of NYSE:STAG opened at $32.88 on Monday. The company has a market capitalization of $6.14 billion, a PE ratio of 31.62 and a beta of 0.96. STAG Industrial, Inc. has a 1 year low of $32.27 and a 1 year high of $41.63. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. The business has a fifty day moving average price of $35.25 and a two-hundred day moving average price of $35.89.

STAG Industrial (NYSE:STAG) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. 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. Investors of record on Monday, March 3rd were issued a $0.1242 dividend. This represents a dividend yield of 4.25%. The ex-dividend date was Friday, February 28th. This is a boost from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s payout ratio is 143.27%.

STAG Industrial 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.