Strs Ohio Has $2.04 Million Holdings in STAG Industrial, Inc. (NYSE:STAG)

Strs Ohio trimmed its position in STAG Industrial, Inc. (NYSE:STAG) by 10.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,905 shares of the real estate investment trust’s stock after selling 6,154 shares during the quarter. Strs Ohio’s holdings in STAG Industrial were worth $2,037,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Eagle Bay Advisors LLC bought a new position in STAG Industrial during the second quarter worth about $27,000. Fifth Third Bancorp lifted its position 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 period. Rational Advisors LLC acquired a new stake in STAG Industrial in the 3rd quarter valued at $42,000. IFP Advisors Inc grew its position in STAG Industrial by 52.6% in the second quarter. IFP Advisors Inc now owns 1,401 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 483 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in STAG Industrial by 304.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,625 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 1,223 shares in the last quarter. 88.67% of the stock is owned by institutional investors.

STAG Industrial Price Performance

STAG opened at $34.95 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a market capitalization of $6.36 billion, a P/E ratio of 32.36, a price-to-earnings-growth ratio of 4.85 and a beta of 1.02. The company’s 50 day simple moving average is $37.53 and its 200-day simple moving average is $36.77. STAG Industrial, Inc. has a one year low of $31.69 and a one year high of $39.61.

STAG Industrial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.1233 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.48 dividend on an annualized basis and a yield of 4.23%. STAG Industrial’s payout ratio is 137.04%.

Analyst Ratings Changes

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

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.