Strs Ohio Trims Stake in Stag Industrial, Inc. $STAG

Strs Ohio reduced its holdings in Stag Industrial, Inc. (NYSE:STAG) by 95.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,463 shares of the real estate investment trust’s stock after selling 84,781 shares during the quarter. Strs Ohio’s holdings in Stag Industrial were worth $157,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wolverine Asset Management LLC boosted its stake in Stag Industrial by 408.0% in the third quarter. Wolverine Asset Management LLC now owns 129,263 shares of the real estate investment trust’s stock worth $4,562,000 after buying an additional 103,820 shares in the last quarter. Pacific Heights Asset Management LLC raised its stake in shares of Stag Industrial by 33.3% during the third quarter. Pacific Heights Asset Management LLC now owns 400,000 shares of the real estate investment trust’s stock worth $14,116,000 after acquiring an additional 100,000 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Stag Industrial by 273.9% during the second quarter. Sequoia Financial Advisors LLC now owns 23,221 shares of the real estate investment trust’s stock worth $842,000 after acquiring an additional 17,010 shares in the last quarter. AXA S.A. lifted its holdings in shares of Stag Industrial by 55.9% in the 2nd quarter. AXA S.A. now owns 444,883 shares of the real estate investment trust’s stock worth $16,140,000 after acquiring an additional 159,580 shares during the last quarter. Finally, Greenland Capital Management LP boosted its stake in shares of Stag Industrial by 52.9% in the 2nd quarter. Greenland Capital Management LP now owns 146,327 shares of the real estate investment trust’s stock valued at $5,309,000 after purchasing an additional 50,639 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Stag Industrial Price Performance

STAG opened at $38.44 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $7.18 billion, a PE ratio of 29.57 and a beta of 1.06. The stock’s 50 day moving average price is $37.70 and its 200-day moving average price is $36.99. Stag Industrial, Inc. has a 52-week low of $28.61 and a 52-week high of $39.73.

Stag Industrial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.3875 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.0%. Stag Industrial’s payout ratio is presently 114.62%.

Analyst Ratings Changes

STAG has been the topic of a number of analyst reports. Royal Bank Of Canada lifted their target price on shares of Stag Industrial from $38.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 6th. Wells Fargo & Company raised their price objective on Stag Industrial from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Monday, November 10th. Citigroup lifted their price objective on Stag Industrial from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. Evercore ISI boosted their target price on Stag Industrial from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Stag Industrial in a report on Monday, December 22nd. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $39.33.

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.