Teacher Retirement System of Texas Sells 11,517 Shares of STAG Industrial, Inc. (NYSE:STAG)

Teacher Retirement System of Texas decreased its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 31.0% in the fourth quarter, HoldingsChannel reports. The fund owned 25,580 shares of the real estate investment trust’s stock after selling 11,517 shares during the quarter. Teacher Retirement System of Texas’ holdings in STAG Industrial were worth $865,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of STAG Industrial by 145.5% during the 3rd quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust’s stock valued at $271,132,000 after purchasing an additional 4,111,268 shares during the last quarter. Raymond James Financial Inc. acquired a new position in STAG Industrial during the 4th quarter valued at about $57,561,000. Heitman Real Estate Securities LLC boosted its holdings in STAG Industrial by 19.8% in the third quarter. Heitman Real Estate Securities LLC now owns 1,063,909 shares of the real estate investment trust’s stock worth $41,588,000 after acquiring an additional 175,993 shares in the last quarter. Channing Capital Management LLC grew its stake in shares of STAG Industrial by 7.8% during the fourth quarter. Channing Capital Management LLC now owns 2,259,638 shares of the real estate investment trust’s stock worth $76,421,000 after acquiring an additional 164,284 shares during the last quarter. Finally, New York State Common Retirement Fund increased its holdings in shares of STAG Industrial by 15.7% during the fourth quarter. New York State Common Retirement Fund now owns 1,084,284 shares of the real estate investment trust’s stock valued at $36,670,000 after acquiring an additional 146,942 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total value of $1,755,000.00. Following the completion of the transaction, the director now owns 9,632 shares of the company’s stock, valued at approximately $338,083.20. The trade was a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.

STAG Industrial Stock Up 0.4 %

NYSE:STAG opened at $35.58 on Friday. 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 company’s fifty day moving average price is $35.17 and its 200-day moving average price is $36.08. STAG Industrial, Inc. has a 1-year low of $32.27 and a 1-year high of $41.63. The firm has a market capitalization of $6.64 billion, a P/E ratio of 34.21 and a beta of 1.05.

STAG Industrial (NYSE:STAG) last released its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. As a group, equities research analysts anticipate that STAG Industrial, Inc. will post 2.47 EPS 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 given a dividend of $0.1242 per share. This is a boost from STAG Industrial’s previous dividend of $0.12. This represents a yield of 4.25%. The ex-dividend date of this dividend was Friday, February 28th. STAG Industrial’s dividend payout ratio (DPR) is currently 143.27%.

Wall Street Analysts Forecast Growth

STAG has been the subject of a number of recent analyst reports. Raymond James lifted their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Barclays lowered their price objective on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada cut their target price on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, STAG Industrial currently has a consensus rating of “Moderate Buy” and an average target price of $40.38.

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.