Virginia Retirement Systems ET AL purchased a new stake in Stag Industrial Inc (NYSE:STAG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,800 shares of the real estate investment trust’s stock, valued at approximately $435,000.

Several other large investors have also recently made changes to their positions in the business. Xact Kapitalforvaltning AB lifted its holdings in Stag Industrial by 34.2% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 21,602 shares of the real estate investment trust’s stock worth $588,000 after buying an additional 5,500 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Stag Industrial by 15.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 29,670 shares of the real estate investment trust’s stock worth $808,000 after buying an additional 4,000 shares during the last quarter. RFG Advisory Group LLC lifted its holdings in Stag Industrial by 19.8% during the 2nd quarter. RFG Advisory Group LLC now owns 13,266 shares of the real estate investment trust’s stock worth $361,000 after buying an additional 2,189 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in Stag Industrial by 8.1% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 466,000 shares of the real estate investment trust’s stock worth $12,689,000 after buying an additional 35,000 shares during the last quarter. Finally, Aperio Group LLC purchased a new stake in Stag Industrial during the 2nd quarter worth about $233,000. Institutional investors own 83.61% of the company’s stock.

STAG opened at $26.47 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.85 and a current ratio of 0.85. Stag Industrial Inc has a one year low of $22.42 and a one year high of $29.07. The stock has a market cap of $2.89 billion, a PE ratio of 15.66, a PEG ratio of 3.00 and a beta of 1.02.

Stag Industrial (NYSE:STAG) last posted its earnings results on Thursday, November 1st. The real estate investment trust reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.38). Stag Industrial had a return on equity of 3.74% and a net margin of 14.96%. The firm had revenue of $89.00 million for the quarter, compared to analyst estimates of $87.49 million. During the same quarter last year, the firm posted $0.43 EPS. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. As a group, equities research analysts anticipate that Stag Industrial Inc will post 1.77 EPS for the current year.

The company also recently announced a dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be given a dividend of $0.118 per share. The ex-dividend date is Thursday, November 29th. This is a boost from Stag Industrial’s previous dividend of $0.12. Stag Industrial’s payout ratio is 84.02%.

A number of analysts have issued reports on the company. Zacks Investment Research raised Stag Industrial from a “sell” rating to a “hold” rating in a report on Friday, November 2nd. Raymond James decreased their price target on Stag Industrial from $29.50 to $28.50 and set an “outperform” rating for the company in a report on Monday, November 5th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $28.25.

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About Stag Industrial

STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (“REIT”) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.

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Institutional Ownership by Quarter for Stag Industrial (NYSE:STAG)

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