California State Teachers Retirement System lowered its stake in shares of STAG Industrial, Inc. (NYSE:STAG – Free Report) by 1.5% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 224,577 shares of the real estate investment trust’s stock after selling 3,386 shares during the period. California State Teachers Retirement System owned about 0.13% of STAG Industrial worth $7,595,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of STAG. Norges Bank purchased a new position in shares of STAG Industrial during the 4th quarter valued at about $59,209,000. State Street Corp raised its stake in shares of STAG Industrial by 17.2% during the 1st quarter. State Street Corp now owns 8,561,192 shares of the real estate investment trust’s stock valued at $355,024,000 after buying an additional 1,255,376 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of STAG Industrial by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 25,677,207 shares of the real estate investment trust’s stock valued at $1,061,753,000 after buying an additional 1,008,932 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of STAG Industrial by 61.3% during the 4th quarter. Franklin Resources Inc. now owns 1,496,038 shares of the real estate investment trust’s stock valued at $48,337,000 after buying an additional 568,300 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of STAG Industrial by 13.9% during the 4th quarter. Alliancebernstein L.P. now owns 4,241,749 shares of the real estate investment trust’s stock valued at $137,051,000 after buying an additional 516,088 shares during the last quarter. Hedge funds and other institutional investors own 87.05% of the company’s stock.
Insider Buying and Selling
In related news, Director Benjamin S. Butcher sold 30,000 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $36.47, for a total value of $1,094,100.00. Following the completion of the sale, the director now owns 7,088 shares of the company’s stock, valued at $258,499.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
View Our Latest Stock Report on STAG Industrial
STAG Industrial Trading Up 0.9 %
STAG stock opened at $35.09 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71. STAG Industrial, Inc. has a 12-month low of $26.56 and a 12-month high of $38.83. The stock has a market cap of $6.30 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 4.98 and a beta of 1.01. The business’s 50-day moving average is $36.35 and its 200 day moving average is $34.89.
STAG Industrial Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be issued a $0.1225 dividend. This represents a $1.47 annualized dividend and a yield of 4.19%. The ex-dividend date is Thursday, September 28th. STAG Industrial’s payout ratio is 134.86%.
STAG Industrial Company Profile
We are a REIT focused on the acquisition, ownership and operation of industrial properties throughout the United States. We seek to (i) identify properties for acquisition that offer relative value across all locations, industrial property types, and tenants through the principled application of our proprietary risk assessment model, (ii) operate our properties in an efficient, cost-effective manner, and (iii) capitalize our business appropriately given the characteristics of our assets.
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