38,400 Stag Industrial, Inc. $STAG Shares Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 48.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 117,492 shares of the real estate investment trust’s stock after acquiring an additional 38,400 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Stag Industrial were worth $4,207,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Ancora Advisors LLC purchased a new position in shares of Stag Industrial in the second quarter valued at about $28,000. Community Bank N.A. boosted its holdings in shares of Stag Industrial by 55.9% during the second quarter. Community Bank N.A. now owns 951 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 341 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Stag Industrial in the second quarter worth about $46,000. Root Financial Partners LLC bought a new stake in shares of Stag Industrial in the third quarter worth about $53,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Stag Industrial by 22.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,583 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 285 shares during the period. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Stag Industrial Stock Up 0.0%

STAG stock opened at $36.87 on Monday. The business has a 50 day moving average of $36.73 and a 200 day moving average of $37.88. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.91. The firm has a market cap of $7.11 billion, a PE ratio of 26.15 and a beta of 0.91. Stag Industrial, Inc. has a twelve month low of $35.14 and a twelve month high of $42.61.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings results on Tuesday, October 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.29). The firm had revenue of $231.05 million during the quarter, compared to the consensus estimate of $227.16 million. Stag Industrial had a return on equity of 7.28% and a net margin of 29.88%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.65 EPS. On average, research analysts forecast that Stag Industrial, Inc. will post 2.64 EPS for the current fiscal year.

Stag Industrial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 31st will be given a dividend of $0.3875 per share. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $1.55 annualized dividend and a dividend yield of 4.2%. Stag Industrial’s dividend payout ratio (DPR) is 109.93%.

Wall Street Analysts Forecast Growth

STAG has been the topic of several research analyst reports. Evercore reissued an “outperform” rating on shares of Stag Industrial in a research note on Monday, September 14th. Citigroup cut their price target on shares of Stag Industrial from $40.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday. Weiss Ratings downgraded shares of Stag Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, September 25th. Wells Fargo & Company dropped their target price on shares of Stag Industrial from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 1st. Finally, Wall Street Zen raised shares of Stag Industrial from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Stag Industrial presently has a consensus rating of “Hold” and a consensus target price of $41.20.

About Stag Industrial

STAG Industrial, Inc is a real estate investment trust (REIT) that owns, operates and acquires industrial properties throughout the United States. The company focuses primarily on single-tenant properties, which it leases to businesses for uses such as warehousing, distribution, manufacturing and logistics.

Its portfolio includes a range of industrial facilities serving tenants across diverse industries and geographic markets. STAG Industrial’s business activities include property acquisition, leasing, management and development, with an emphasis on facilities that support supply-chain and operating requirements.

Founded in 2010 and headquartered in Boston, Massachusetts, STAG Industrial became a publicly traded company in 2011.