Retirement Systems of Alabama Sells 3,278 Shares of STAG Industrial, Inc. (NYSE:STAG)

Retirement Systems of Alabama lessened its stake in STAG Industrial, Inc. (NYSE:STAG) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 224,730 shares of the real estate investment trust’s stock after selling 3,278 shares during the quarter. Retirement Systems of Alabama owned approximately 0.12% of STAG Industrial worth $8,104,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. J.Safra Asset Management Corp raised its stake in shares of STAG Industrial by 708.5% in the first quarter. J.Safra Asset Management Corp now owns 663 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 581 shares during the period. Spire Wealth Management lifted its holdings in STAG Industrial by 124.1% during the fourth quarter. Spire Wealth Management now owns 688 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 381 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in STAG Industrial during the first quarter worth about $29,000. HHM Wealth Advisors LLC purchased a new position in shares of STAG Industrial in the fourth quarter worth about $31,000. Finally, GAMMA Investing LLC increased its stake in shares of STAG Industrial by 56.1% in the second quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 326 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on STAG. 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 report on Wednesday, August 14th. Wedbush lifted their price target on STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Finally, BNP Paribas started coverage on STAG Industrial in a report on Tuesday, June 4th. They set a “neutral” rating and a $39.00 price objective on the stock. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, STAG Industrial presently has an average rating of “Hold” and an average target price of $40.63.

Insider Buying and Selling

In other STAG Industrial news, Director Benjamin S. Butcher sold 34,000 shares of STAG Industrial stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $40.78, for a total transaction of $1,386,520.00. Following the completion of the sale, the director now directly owns 8,758 shares in the company, valued at $357,151.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other STAG Industrial news, Director Benjamin S. Butcher sold 34,000 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 8,758 shares in the company, valued at $357,151.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Benjamin S. Butcher sold 30,000 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $34.81, for a total value of $1,044,300.00. Following the completion of the transaction, the director now owns 8,304 shares of the company’s stock, valued at $289,062.24. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

STAG Industrial Price Performance

NYSE:STAG opened at $40.45 on Friday. The firm has a market capitalization of $7.37 billion, a price-to-earnings ratio of 40.45, a P/E/G ratio of 4.07 and a beta of 1.09. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a fifty day moving average of $38.13 and a 200 day moving average of $37.08. STAG Industrial, Inc. has a 52-week low of $31.69 and a 52-week high of $41.63.

STAG Industrial Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were issued a dividend of $0.1233 per share. This is a positive change from STAG Industrial’s previous dividend of $0.12. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a dividend yield of 3.63%. STAG Industrial’s payout ratio is presently 148.00%.

About STAG Industrial

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.