Teachers Insurance & Annuity Association of America increased its stake in Stag Industrial, Inc. (NYSE:STAG) by 14.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,381 shares of the real estate investment trust’s stock after purchasing an additional 11,352 shares during the quarter. Teachers Insurance & Annuity Association of America owned approximately 0.10% of Stag Industrial worth $2,439,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Creative Planning grew its stake in Stag Industrial by 140.4% during 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 in the last quarter. Daiwa Securities Group Inc. grew its stake in Stag Industrial by 45.5% during the 1st quarter. Daiwa Securities Group Inc. now owns 6,400 shares of the real estate investment trust’s stock valued at $160,000 after acquiring an additional 2,000 shares in the last quarter. SG Americas Securities LLC grew its stake in Stag Industrial by 3.4% during the 1st quarter. SG Americas Securities LLC now owns 6,587 shares of the real estate investment trust’s stock valued at $165,000 after acquiring an additional 215 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in Stag Industrial during the 1st quarter valued at about $174,000. Finally, Federated Investors Inc. PA purchased a new position in Stag Industrial during the 2nd quarter valued at about $203,000. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Peter S. Fearey sold 1,033 shares of the stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $28.71, for a total transaction of $29,657.43. Following the completion of the transaction, the executive vice president now directly owns 2,506 shares in the company, valued at $71,947.26. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.00% of the stock is currently owned by company insiders.

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STAG has been the topic of several research analyst reports. BidaskClub cut Stag Industrial from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Jefferies Group LLC reaffirmed a “buy” rating and set a $32.00 target price (up previously from $30.00) on shares of Stag Industrial in a research note on Sunday, June 25th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Stag Industrial in a research note on Wednesday, August 2nd. Raymond James Financial, Inc. lifted their target price on Stag Industrial from $27.50 to $28.50 and gave the company an “outperform” rating in a research note on Wednesday, August 9th. Finally, Evercore ISI raised 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. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Stag Industrial has a consensus rating of “Buy” and an average target price of $27.56.

Shares of Stag Industrial, Inc. (NYSE:STAG) opened at 28.49 on Wednesday. The company has a 50 day moving average price of $27.75 and a 200 day moving average price of $26.81. Stag Industrial, Inc. has a 52 week low of $21.21 and a 52 week high of $28.95. The company has a market cap of $2.63 billion, a PE ratio of 106.31 and a beta of 1.21.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.41. The business had revenue of $72.20 million during the quarter, compared to the consensus estimate of $71.44 million. Stag Industrial had a return on equity of 3.97% and a net margin of 12.22%. Stag Industrial’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period last year, the company earned $0.38 earnings per share. On average, equities analysts expect that Stag Industrial, Inc. will post ($0.01) earnings per share for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a dividend of $0.1175 per share. The ex-dividend date is Wednesday, November 29th. This represents a $1.41 dividend on an annualized basis and a dividend yield of 4.96%. Stag Industrial’s payout ratio is presently 503.57%.

Stag Industrial Company 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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Institutional Ownership by Quarter for Stag Industrial (NYSE:STAG)

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