Louisiana State Employees Retirement System Purchases Shares of 55,400 Stag Industrial, Inc. $STAG

Louisiana State Employees Retirement System bought a new position in shares of Stag Industrial, Inc. (NYSE:STAG) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 55,400 shares of the real estate investment trust’s stock, valued at approximately $1,998,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL purchased a new stake in Stag Industrial during the third quarter worth about $11,422,000. Elo Mutual Pension Insurance Co purchased a new position in Stag Industrial in the third quarter valued at approximately $1,897,000. Exchange Traded Concepts LLC lifted its stake in Stag Industrial by 98.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 90,618 shares of the real estate investment trust’s stock valued at $3,331,000 after purchasing an additional 44,921 shares during the last quarter. Bayhunt Capital LLC bought a new position in Stag Industrial during the fourth quarter valued at $10,323,000. Finally, Pacific Heights Asset Management LLC grew its holdings in Stag Industrial by 25.0% during the fourth quarter. Pacific Heights Asset Management LLC now owns 500,000 shares of the real estate investment trust’s stock valued at $18,380,000 after purchasing an additional 100,000 shares during the period. 88.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Evercore restated an “outperform” rating and issued a $44.00 target price on shares of Stag Industrial in a research note on Wednesday, April 29th. Barclays decreased their price objective on Stag Industrial from $39.00 to $38.00 and set an “underweight” rating for the company in a report on Tuesday, May 5th. Wells Fargo & Company lowered their price objective on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, June 1st. Weiss Ratings lowered shares of Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Finally, Raymond James Financial began coverage on shares of Stag Industrial in a research note on Wednesday, June 17th. They set an “outperform” rating and a $44.00 price target on the stock. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Stag Industrial presently has a consensus rating of “Hold” and a consensus price target of $40.40.

Stag Industrial Trading Down 2.7%

Shares of STAG opened at $38.10 on Wednesday. Stag Industrial, Inc. has a twelve month low of $33.72 and a twelve month high of $39.99. The stock has a market cap of $7.28 billion, a PE ratio of 29.53 and a beta of 0.98. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.87. The business’s 50-day moving average price is $38.30 and its 200-day moving average price is $37.96.

Stag Industrial (NYSE:STAG) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.09. The company had revenue of $224.21 million during the quarter, compared to analyst estimates of $221.51 million. Stag Industrial had a net margin of 28.25% and a return on equity of 6.80%. Stag Industrial’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business earned $0.61 earnings per share. On average, equities analysts forecast that Stag Industrial, Inc. will post 2.64 EPS for the current fiscal year.

Stag Industrial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.3875 per share. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Tuesday, June 30th. Stag Industrial’s payout ratio is 120.16%.

Stag Industrial Company Profile

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.