Treasurer of the State of North Carolina Grows Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Treasurer of the State of North Carolina boosted its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 0.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 79,564 shares of the real estate investment trust’s stock after acquiring an additional 500 shares during the period. Treasurer of the State of North Carolina’s holdings in STAG Industrial were worth $2,691,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Swiss National Bank increased its stake in shares of STAG Industrial by 0.8% during the fourth quarter. Swiss National Bank now owns 358,200 shares of the real estate investment trust’s stock worth $12,114,000 after buying an additional 2,800 shares during the period. Stifel Financial Corp grew its holdings in STAG Industrial by 5.6% during the 3rd quarter. Stifel Financial Corp now owns 52,278 shares of the real estate investment trust’s stock worth $2,044,000 after acquiring an additional 2,795 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of STAG Industrial in the 4th quarter valued at approximately $1,276,000. Congress Asset Management Co. raised its holdings in shares of STAG Industrial by 10.1% in the 4th quarter. Congress Asset Management Co. now owns 220,929 shares of the real estate investment trust’s stock valued at $7,472,000 after purchasing an additional 20,327 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in shares of STAG Industrial by 2.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 359,100 shares of the real estate investment trust’s stock worth $12,159,000 after purchasing an additional 8,259 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Royal Bank of Canada cut their price target on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Monday, January 27th. Raymond James cut their target price on STAG Industrial from $40.00 to $36.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Barclays decreased their target price on 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, STAG Industrial presently has a consensus rating of “Hold” and an average target price of $39.57.

Insider Buying and Selling

In related news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction 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 transaction, the director now directly owns 9,632 shares in the company, valued at $338,083.20. This trade represents a 83.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

STAG Industrial Trading Up 0.5 %

NYSE:STAG opened at $32.54 on Thursday. The company has a market capitalization of $6.07 billion, a PE ratio of 31.29 and a beta of 0.96. STAG Industrial, Inc. has a 52-week low of $28.61 and a 52-week high of $41.63. The stock’s 50 day moving average price is $34.68 and its 200 day moving average price is $35.42. 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 (NYSE:STAG) last announced its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. On average, research analysts anticipate that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.1242 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.49 annualized dividend and a dividend yield of 4.58%. STAG Industrial’s dividend payout ratio (DPR) is 143.27%.

STAG Industrial Company 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.