New York State Common Retirement Fund Sells 99,398 Shares of STAG Industrial, Inc. (NYSE:STAG)

New York State Common Retirement Fund lessened its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 8.8% during the 4th quarter, HoldingsChannel reports. The firm owned 1,030,727 shares of the real estate investment trust’s stock after selling 99,398 shares during the period. New York State Common Retirement Fund’s holdings in STAG Industrial were worth $40,466,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of STAG. AE Wealth Management LLC lifted its stake in STAG Industrial by 44.2% in the 3rd quarter. AE Wealth Management LLC now owns 54,618 shares of the real estate investment trust’s stock valued at $1,885,000 after acquiring an additional 16,735 shares in the last quarter. SG Americas Securities LLC lifted its stake in STAG Industrial by 87.3% in the 3rd quarter. SG Americas Securities LLC now owns 34,856 shares of the real estate investment trust’s stock valued at $1,203,000 after acquiring an additional 16,247 shares in the last quarter. Tectonic Advisors LLC bought a new stake in STAG Industrial in the 3rd quarter valued at approximately $267,000. Raymond James & Associates lifted its stake in STAG Industrial by 0.7% in the 3rd quarter. Raymond James & Associates now owns 243,077 shares of the real estate investment trust’s stock valued at $8,389,000 after acquiring an additional 1,755 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in STAG Industrial by 1.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 90,891 shares of the real estate investment trust’s stock valued at $3,137,000 after acquiring an additional 1,374 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

Wall Street Analysts Forecast Growth

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

STAG Industrial Stock Down 1.9 %

STAG stock opened at $34.74 on Thursday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $6.32 billion, a PE ratio of 32.17, a PEG ratio of 5.00 and a beta of 1.02. STAG Industrial, Inc. has a 1-year low of $31.69 and a 1-year high of $39.61. The business’s 50 day simple moving average is $37.45 and its 200 day simple moving average is $36.84.

STAG Industrial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.1233 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.48 annualized dividend and a yield of 4.26%. STAG Industrial’s dividend payout ratio (DPR) is presently 137.04%.

STAG Industrial 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.