STAG Industrial, Inc. (NYSE:STAG) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 30.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 183,448 shares of the real estate investment trust’s stock after selling 78,917 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.10% of STAG Industrial worth $6,615,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in STAG Industrial in the fourth quarter worth about $69,990,000. Cohen & Steers Inc. raised its holdings in STAG Industrial by 944.0% during the 4th quarter. Cohen & Steers Inc. now owns 1,121,330 shares of the real estate investment trust’s stock worth $44,023,000 after buying an additional 1,013,926 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of STAG Industrial by 89.5% in the 1st quarter. Daiwa Securities Group Inc. now owns 1,268,181 shares of the real estate investment trust’s stock valued at $48,749,000 after purchasing an additional 598,788 shares during the period. Ceredex Value Advisors LLC bought a new stake in STAG Industrial during the second quarter worth approximately $13,188,000. Finally, Bessemer Group Inc. boosted its position in STAG Industrial by 69.3% during the first quarter. Bessemer Group Inc. now owns 785,916 shares of the real estate investment trust’s stock worth $30,211,000 after purchasing an additional 321,785 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

STAG Industrial Stock Up 1.9 %

Shares of STAG stock opened at $40.04 on Monday. The stock has a market cap of $7.29 billion, a P/E ratio of 40.04, a price-to-earnings-growth ratio of 4.07 and a beta of 1.09. STAG Industrial, Inc. has a one year low of $31.69 and a one year high of $41.63. The stock has a fifty day moving average price of $39.42 and a 200 day moving average price of $37.27. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.60 and a quick ratio of 1.60.

STAG Industrial Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were given a $0.1233 dividend. This is a boost from STAG Industrial’s previous dividend of $0.12. This represents a yield of 3.63%. The ex-dividend date of this dividend was Wednesday, July 31st. STAG Industrial’s dividend payout ratio (DPR) is 148.00%.

Insider Buying and Selling at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 34,000 shares of STAG Industrial stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $40.78, for a total transaction of $1,386,520.00. Following the completion of the transaction, the director now directly owns 8,758 shares of the company’s stock, valued at $357,151.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

STAG has been the subject of a number of recent analyst reports. BNP Paribas initiated coverage on STAG Industrial in a research report on Tuesday, June 4th. They set a “neutral” rating and a $39.00 target price for the company. Wedbush raised their price objective on shares of STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Barclays raised their price objective on shares of STAG Industrial from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 14th. Evercore ISI raised their price objective on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Finally, Wells Fargo & Company raised their price objective on shares of STAG Industrial from $37.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, STAG Industrial presently has an average rating of “Hold” and an average price target of $41.22.

STAG Industrial Company Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.