Louisiana State Employees Retirement System Invests $2 Million in STAG Industrial, Inc. (NYSE:STAG)

Louisiana State Employees Retirement System purchased a new position in shares of STAG Industrial, Inc. (NYSE:STAG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 51,000 shares of the real estate investment trust’s stock, valued at approximately $2,002,000.

Several other hedge funds and other institutional investors have also made changes to their positions in STAG. Eagle Bay Advisors LLC acquired a new position in shares of STAG Industrial during the 2nd quarter worth $27,000. Fifth Third Bancorp raised its stake in shares of STAG Industrial by 121.3% during the 3rd quarter. Fifth Third Bancorp now owns 905 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 496 shares during the last quarter. Rational Advisors LLC acquired a new position in shares of STAG Industrial during the 3rd quarter worth $42,000. IFP Advisors Inc raised its stake in shares of STAG Industrial by 52.6% during the 2nd quarter. IFP Advisors Inc now owns 1,401 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 483 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in STAG Industrial by 304.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,625 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 1,223 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Analysts Set New Price Targets

STAG has been the subject of several analyst reports. BMO Capital Markets reissued an “outperform” rating and issued a $42.00 target price (up previously from $41.00) on shares of STAG Industrial in a research note on Monday, April 8th. Robert W. Baird reissued a “neutral” rating and issued a $41.00 target price (up previously from $38.00) on shares of STAG Industrial in a research note on Friday, January 5th. Royal Bank of Canada boosted their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, February 16th. Finally, Barclays began coverage on shares of STAG Industrial in a research note on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 price objective for the company. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $39.13.

STAG Industrial Stock Down 2.2 %

STAG opened at $34.84 on Thursday. The firm has a 50 day moving average price of $37.65 and a 200 day moving average price of $36.78. The company has a market cap of $6.34 billion, a PE ratio of 32.26, a price-to-earnings-growth ratio of 5.02 and a beta of 1.02. STAG Industrial, Inc. has a 1 year low of $31.69 and a 1 year high of $39.61. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.79 and a current ratio of 1.79.

STAG Industrial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.1233 per share. This represents a $1.48 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend is Friday, June 28th. STAG Industrial’s dividend payout ratio (DPR) is presently 137.04%.

STAG Industrial Company Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.