State of New Jersey Common Pension Fund D Buys 55,000 Shares of STAG Industrial Inc (STAG)

State of New Jersey Common Pension Fund D lifted its stake in shares of STAG Industrial Inc (NYSE:STAG) by 14.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 431,000 shares of the real estate investment trust’s stock after acquiring an additional 55,000 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.44% of STAG Industrial worth $10,310,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. First Mercantile Trust Co. grew its stake in shares of STAG Industrial by 31.7% during the 4th quarter. First Mercantile Trust Co. now owns 9,090 shares of the real estate investment trust’s stock valued at $248,000 after acquiring an additional 2,190 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of STAG Industrial by 17.0% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 15,260 shares of the real estate investment trust’s stock valued at $365,000 after acquiring an additional 2,215 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of STAG Industrial by 23.2% during the 1st quarter. Daiwa Securities Group Inc. now owns 12,200 shares of the real estate investment trust’s stock valued at $292,000 after acquiring an additional 2,300 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of STAG Industrial by 3.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 72,971 shares of the real estate investment trust’s stock valued at $1,994,000 after acquiring an additional 2,366 shares during the period. Finally, San Francisco Sentry Investment Group CA grew its stake in shares of STAG Industrial by 20.4% during the 4th quarter. San Francisco Sentry Investment Group CA now owns 14,274 shares of the real estate investment trust’s stock valued at $390,000 after acquiring an additional 2,420 shares during the period. Institutional investors own 87.80% of the company’s stock.

STAG Industrial opened at $25.39 on Friday, MarketBeat Ratings reports. STAG Industrial Inc has a 1-year low of $22.42 and a 1-year high of $28.95. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 14.85, a price-to-earnings-growth ratio of 3.07 and a beta of 1.08.



STAG Industrial (NYSE:STAG) last posted its earnings results on Tuesday, May 1st. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.21). The firm had revenue of $83.28 million for the quarter, compared to the consensus estimate of $82.27 million. STAG Industrial had a net margin of 17.55% and a return on equity of 4.71%. The firm’s revenue was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 earnings per share. sell-side analysts expect that STAG Industrial Inc will post 1.79 EPS for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, June 29th will be given a dividend of $0.1183 per share. The ex-dividend date is Thursday, June 28th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.59%. STAG Industrial’s dividend payout ratio is currently 84.02%.

Several research analysts have weighed in on STAG shares. Zacks Investment Research downgraded STAG Industrial from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. ValuEngine downgraded STAG Industrial from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. DA Davidson restated a “neutral” rating on shares of STAG Industrial in a research note on Friday, February 16th. Ladenburg Thalmann restated a “buy” rating and issued a $32.00 price target on shares of STAG Industrial in a research note on Friday, February 16th. Finally, Royal Bank of Canada set a $28.00 price target on STAG Industrial and gave the stock a “buy” rating in a research note on Monday, February 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. STAG Industrial has a consensus rating of “Buy” and an average price target of $29.19.

About STAG Industrial

STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. As of December 31, 2017, the Company owned 356 buildings in 37 states with approximately 70.2 million rentable square feet (square feet unaudited herein and throughout the Notes), consisting of 288 warehouse/distribution buildings, 52 light manufacturing buildings, 14 flex/office buildings, and two buildings classified as held for sale.

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Institutional Ownership by Quarter for STAG Industrial (NYSE:STAG)

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