Teacher Retirement System of Texas Takes Position in Stag Industrial, Inc. (STAG)
Teacher Retirement System of Texas purchased a new position in shares of Stag Industrial, Inc. (NYSE:STAG) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,291 shares of the real estate investment trust’s stock, valued at approximately $200,000.
A number of other large investors also recently bought and sold shares of STAG. San Francisco Sentry Investment Group CA purchased a new position in Stag Industrial during the second quarter worth approximately $117,000. Creative Planning raised its stake in shares of Stag Industrial by 140.4% in the 2nd quarter. Creative Planning now owns 4,341 shares of the real estate investment trust’s stock valued at $120,000 after acquiring an additional 2,535 shares during the period. Verition Fund Management LLC purchased a new position in shares of Stag Industrial in the 2nd quarter valued at $200,000. Federated Investors Inc. PA purchased a new position in shares of Stag Industrial in the 2nd quarter valued at $203,000. Finally, GAM Holding AG raised its stake in shares of Stag Industrial by 20.2% in the 2nd quarter. GAM Holding AG now owns 7,566 shares of the real estate investment trust’s stock valued at $209,000 after acquiring an additional 1,270 shares during the period. 82.51% of the stock is currently owned by institutional investors.
A number of brokerages have recently commented on STAG. Raymond James Financial, Inc. raised their target price on shares of Stag Industrial from $27.50 to $28.50 and gave the company an “outperform” rating in a research note on Wednesday, August 9th. Evercore ISI raised shares of Stag Industrial from an “in-line” rating to an “outperform” rating and set a $30.00 target price on the stock in a research note on Monday, August 14th. Jefferies Group LLC reissued a “buy” rating and issued a $32.00 target price on shares of Stag Industrial in a research note on Tuesday, September 26th. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Stag Industrial in a research note on Wednesday, August 2nd. Finally, TheStreet raised shares of Stag Industrial from a “c” rating to a “b-” rating in a research note on Tuesday, November 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $28.25.
In related news, EVP Peter S. Fearey sold 1,033 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $28.71, for a total transaction of $29,657.43. Following the completion of the sale, the executive vice president now directly owns 2,506 shares of the company’s stock, valued at approximately $71,947.26. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.00% of the stock is currently owned by company insiders.
Shares of Stag Industrial, Inc. (STAG) traded up $0.18 during mid-day trading on Friday, hitting $28.73. 263,330 shares of the stock were exchanged, compared to its average volume of 550,187. Stag Industrial, Inc. has a fifty-two week low of $22.64 and a fifty-two week high of $28.95. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a market cap of $2,703.00, a P/E ratio of 17.20, a PEG ratio of 3.17 and a beta of 1.24.
Stag Industrial (NYSE:STAG) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. The business had revenue of $78.14 million during the quarter, compared to analyst estimates of $76.17 million. Stag Industrial had a net margin of 18.96% and a return on equity of 5.72%. The business’s revenue was up 24.8% on a year-over-year basis. During the same period last year, the business earned $0.40 EPS. equities analysts forecast that Stag Industrial, Inc. will post 1.68 earnings per share for the current fiscal year.
The company also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be issued a dividend of $0.1183 per share. This represents a $1.42 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date is Tuesday, February 27th. Stag Industrial’s payout ratio is 261.12%.
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Stag Industrial Profile
STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.
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