Teachers Retirement System of The State of Kentucky Sells 1,590 Shares of STAG Industrial, Inc. (NYSE:STAG)

Teachers Retirement System of The State of Kentucky cut its holdings in STAG Industrial, Inc. (NYSE:STAG) by 2.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,503 shares of the real estate investment trust’s stock after selling 1,590 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in STAG Industrial were worth $2,209,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Centerpoint Advisors LLC bought a new position in STAG Industrial in the second quarter worth approximately $25,000. UMB Bank n.a. raised its position in shares of STAG Industrial by 54.1% during the 3rd quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 306 shares during the period. Wetzel Investment Advisors Inc. bought a new stake in shares of STAG Industrial during the 2nd quarter valued at $38,000. Blue Trust Inc. raised its position in shares of STAG Industrial by 1,728.4% during the 2nd quarter. Blue Trust Inc. now owns 1,353 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 1,279 shares during the period. Finally, Coastline Trust Co bought a new stake in shares of STAG Industrial during the 3rd quarter valued at $55,000. 88.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

STAG has been the topic of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Barclays decreased their price objective on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Evercore ISI raised their price objective on shares of STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Finally, Raymond James raised their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, STAG Industrial currently has a consensus rating of “Hold” and a consensus target price of $41.00.

STAG Industrial Stock Performance

Shares of NYSE STAG opened at $35.93 on Monday. STAG Industrial, Inc. has a 52-week low of $34.09 and a 52-week high of $41.63. The company has a market cap of $6.55 billion, a P/E ratio of 36.29 and a beta of 1.07. The firm’s fifty day moving average is $37.01 and its two-hundred day moving average is $37.76. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42.

STAG Industrial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.1233 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.12%. STAG Industrial’s payout ratio is currently 149.49%.

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.