Oregon Public Employees Retirement Fund Buys 300 Shares of STAG Industrial, Inc. (NYSE:STAG)

Oregon Public Employees Retirement Fund boosted its holdings in STAG Industrial, Inc. (NYSE:STAG) by 0.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,131 shares of the real estate investment trust’s stock after acquiring an additional 300 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in STAG Industrial were worth $1,256,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Values First Advisors Inc. lifted its position in STAG Industrial by 2.2% in the 4th quarter. Values First Advisors Inc. now owns 14,562 shares of the real estate investment trust’s stock valued at $492,000 after acquiring an additional 307 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in STAG Industrial by 3.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 12,025 shares of the real estate investment trust’s stock valued at $407,000 after acquiring an additional 347 shares in the last quarter. Peak Financial Advisors LLC lifted its position in STAG Industrial by 3.0% in the 4th quarter. Peak Financial Advisors LLC now owns 12,415 shares of the real estate investment trust’s stock valued at $420,000 after acquiring an additional 356 shares in the last quarter. Hilltop National Bank lifted its position in STAG Industrial by 19.2% in the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock valued at $76,000 after acquiring an additional 362 shares in the last quarter. Finally, Atria Investments Inc lifted its position in STAG Industrial by 1.6% in the 3rd quarter. Atria Investments Inc now owns 26,428 shares of the real estate investment trust’s stock valued at $1,033,000 after acquiring an additional 414 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

Insider Transactions at STAG Industrial

In related news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total value of $1,755,000.00. Following the completion of the transaction, the director now directly owns 9,632 shares in the company, valued at approximately $338,083.20. The trade was a 83.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on STAG shares. Raymond James raised their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Royal Bank of Canada decreased their price objective on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research note on Monday, January 27th. Wells Fargo & Company decreased their price objective on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Finally, Barclays decreased their price objective on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.38.

STAG Industrial Trading Up 1.0 %

Shares of STAG stock opened at $36.01 on Friday. The company has a 50 day moving average of $34.34 and a 200-day moving average of $36.67. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. STAG Industrial, Inc. has a 12-month low of $32.27 and a 12-month high of $41.63. The firm has a market cap of $6.72 billion, a P/E ratio of 34.62 and a beta of 1.09.

STAG Industrial (NYSE:STAG) last issued its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. Sell-side analysts anticipate that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.1242 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a dividend yield of 4.25%. This is a positive change from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s dividend payout ratio (DPR) is presently 143.27%.

STAG Industrial Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.