California Public Employees Retirement System boosted its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 2.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 340,806 shares of the real estate investment trust’s stock after purchasing an additional 8,286 shares during the quarter. California Public Employees Retirement System’s holdings in STAG Industrial were worth $10,391,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of STAG. Private Advisor Group LLC purchased a new stake in STAG Industrial during the 2nd quarter worth approximately $29,000. FinTrust Capital Advisors LLC increased its holdings in STAG Industrial by 359.8% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 1,053 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 824 shares during the last quarter. Signaturefd LLC increased its holdings in STAG Industrial by 224.5% during the 2nd quarter. Signaturefd LLC now owns 1,100 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 761 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in STAG Industrial during the 1st quarter worth approximately $36,000. Finally, Creative Financial Designs Inc. ADV purchased a new stake in STAG Industrial during the 2nd quarter worth approximately $42,000. Institutional investors own 93.39% of the company’s stock.
Shares of STAG opened at $29.87 on Friday. The company has a market cap of $4.46 billion, a P/E ratio of 40.92, a PEG ratio of 5.27 and a beta of 1.12. The stock has a fifty day moving average price of $31.88 and a 200 day moving average price of $30.25. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.84 and a quick ratio of 2.84. STAG Industrial, Inc. has a 12 month low of $17.54 and a 12 month high of $34.50.
STAG Industrial (NYSE:STAG) last issued its quarterly earnings data on Thursday, November 5th. The real estate investment trust reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.31). The company had revenue of $117.30 million for the quarter, compared to the consensus estimate of $117.10 million. STAG Industrial had a return on equity of 4.97% and a net margin of 24.61%. STAG Industrial’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.46 earnings per share. As a group, research analysts anticipate that STAG Industrial, Inc. will post 1.86 earnings per share for the current year.
The firm also recently declared a monthly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, December 30th. This represents a $1.44 dividend on an annualized basis and a yield of 4.82%. STAG Industrial’s dividend payout ratio (DPR) is presently 78.26%.
STAG has been the topic of several analyst reports. Jefferies Financial Group restated a “buy” rating and set a $34.00 price objective on shares of STAG Industrial in a report on Tuesday, August 11th. Bank of America boosted their price target on STAG Industrial from $28.00 to $30.00 and gave the company an “underperform” rating in a report on Monday, November 16th. Royal Bank of Canada reiterated a “buy” rating and issued a $36.00 price target on shares of STAG Industrial in a report on Tuesday, August 11th. Robert W. Baird downgraded STAG Industrial from an “outperform” rating to a “neutral” rating and set a $35.00 price target for the company. in a report on Tuesday, September 22nd. Finally, Wells Fargo & Company boosted their price target on STAG Industrial from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $34.10.
STAG Industrial Company Profile
STAG Industrial, Inc (NYSE: STAG) is a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. By targeting this type of property, STAG has developed an investment strategy that helps investors find a powerful balance of income plus growth.
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