Sei Investments Co. Boosts Holdings in STAG Industrial, Inc. (NYSE:STAG)

Sei Investments Co. raised its position in STAG Industrial, Inc. (NYSE:STAG) by 10.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 586,930 shares of the real estate investment trust’s stock after acquiring an additional 57,341 shares during the period. Sei Investments Co. owned approximately 0.32% of STAG Industrial worth $19,850,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sugar Maple Asset Management LLC purchased a new position in STAG Industrial during the 4th quarter worth $43,000. Hilltop National Bank grew its stake in shares of STAG Industrial by 19.2% during the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock worth $76,000 after acquiring an additional 362 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of STAG Industrial by 20.7% during the fourth quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 510 shares in the last quarter. Aew Capital Management L P raised its position in shares of STAG Industrial by 52.4% in the 4th quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new stake in STAG Industrial in the 4th quarter worth approximately $109,000. 88.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total value of $1,755,000.00. Following the sale, the director now directly owns 9,632 shares of the company’s stock, valued at approximately $338,083.20. This trade represents a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on STAG shares. Royal Bank of Canada decreased their price target on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a report on Monday, January 27th. Barclays reduced their target price on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 28th. Finally, Raymond James boosted their price target on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $40.38.

STAG Industrial Stock Performance

Shares of STAG stock opened at $35.44 on Friday. STAG Industrial, Inc. has a 52-week low of $32.27 and a 52-week high of $41.63. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. The stock has a market cap of $6.61 billion, a PE ratio of 34.08 and a beta of 1.05. The business has a 50-day simple moving average of $35.14 and a 200-day simple moving average of $36.13.

STAG Industrial (NYSE:STAG) last announced its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. On average, equities analysts expect that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Increases Dividend

The company also recently declared a dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.1242 per share. This represents a yield of 4.25%. The ex-dividend date was Friday, February 28th. This is a positive change from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s dividend payout ratio (DPR) is currently 143.27%.

STAG Industrial Company Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.