Stag Industrial, Inc. $STAG Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio reduced its holdings in shares of Stag Industrial, Inc. (NYSE:STAG) by 13.4% during the 1st quarter, HoldingsChannel reports. The firm owned 275,846 shares of the real estate investment trust’s stock after selling 42,753 shares during the period. Public Employees Retirement System of Ohio’s holdings in Stag Industrial were worth $9,947,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV boosted its stake in shares of Stag Industrial by 1.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 30,515 shares of the real estate investment trust’s stock worth $1,122,000 after buying an additional 367 shares during the period. First National Trust Co increased its position in Stag Industrial by 1.7% in the 4th quarter. First National Trust Co now owns 23,166 shares of the real estate investment trust’s stock valued at $852,000 after acquiring an additional 388 shares during the period. Root Financial Partners LLC increased its position in Stag Industrial by 32.9% in the 4th quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 397 shares during the period. Wealthcare Advisory Partners LLC raised its stake in Stag Industrial by 7.3% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 6,224 shares of the real estate investment trust’s stock valued at $229,000 after acquiring an additional 421 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its stake in Stag Industrial by 2.8% during the 4th quarter. Verdence Capital Advisors LLC now owns 15,936 shares of the real estate investment trust’s stock valued at $586,000 after acquiring an additional 434 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Stag Industrial Trading Down 1.2%

NYSE STAG opened at $40.60 on Tuesday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $7.76 billion, a P/E ratio of 31.48 and a beta of 0.97. Stag Industrial, Inc. has a 52-week low of $33.72 and a 52-week high of $42.61. The firm has a 50-day moving average price of $38.79 and a 200 day moving average price of $38.34.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.09. Stag Industrial had a return on equity of 6.80% and a net margin of 28.25%.The company had revenue of $224.21 million for the quarter, compared to analyst estimates of $221.51 million. During the same quarter in the previous year, the company earned $0.61 EPS. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. Equities research analysts expect that Stag Industrial, Inc. will post 2.64 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on STAG. Barclays increased their price objective on Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, July 16th. Raymond James Financial started coverage on Stag Industrial in a research note on Wednesday, June 17th. They set an “outperform” rating and a $44.00 price target for the company. Wells Fargo & Company decreased their price target on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. Weiss Ratings lowered shares of Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Finally, Evercore reissued an “outperform” rating and issued a $44.00 price objective on shares of Stag Industrial in a research note on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $40.70.

Stag Industrial Company 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.