Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 24,771 Shares of Stag Industrial, Inc. $STAG

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Stag Industrial, Inc. (NYSE:STAG) by 22.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 132,741 shares of the real estate investment trust’s stock after purchasing an additional 24,771 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Stag Industrial were worth $4,787,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in STAG. Clearstead Advisors LLC increased its position in Stag Industrial by 193.6% during the 4th quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 482 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in shares of Stag Industrial in the third quarter valued at about $27,000. International Assets Investment Management LLC bought a new stake in shares of Stag Industrial in the fourth quarter valued at about $51,000. EverSource Wealth Advisors LLC grew its stake in shares of Stag Industrial by 270.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 1,048 shares in the last quarter. Finally, Root Financial Partners LLC grew its stake in shares of Stag Industrial by 32.9% in the fourth quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 397 shares in the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

Stag Industrial Price Performance

STAG stock opened at $39.37 on Wednesday. The company’s 50-day moving average price is $38.29 and its two-hundred day moving average price is $38.08. The firm has a market cap of $7.53 billion, a P/E ratio of 30.52 and a beta of 0.97. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.87. Stag Industrial, Inc. has a 12 month low of $33.72 and a 12 month high of $39.99.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.09. The company had revenue of $224.21 million during the quarter, compared to the consensus estimate of $221.51 million. Stag Industrial had a net margin of 28.25% and a return on equity of 6.80%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 EPS. On average, analysts anticipate that Stag Industrial, Inc. will post 2.64 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Tuesday, June 30th. Stag Industrial’s dividend payout ratio is currently 120.16%.

Wall Street Analysts Forecast Growth

STAG has been the topic of a number of recent research reports. Weiss Ratings lowered shares of Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Evercore reissued an “outperform” rating and issued a $44.00 price objective on shares of Stag Industrial in a report on Wednesday, April 29th. Wells Fargo & Company decreased their target price on shares of Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, June 1st. Raymond James Financial began coverage on shares of Stag Industrial in a report on Wednesday, June 17th. They set an “outperform” rating and a $44.00 target price on the stock. Finally, Barclays reduced their target price on Stag Industrial from $39.00 to $38.00 and set an “underweight” rating on the stock in a report on Tuesday, May 5th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Stag Industrial presently has an average rating of “Hold” and an average price target of $40.40.

Stag Industrial Profile

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.