Sei Investments Co. Grows Stake in STAG Industrial, Inc. (NYSE:STAG)

Sei Investments Co. boosted its stake in STAG Industrial, Inc. (NYSE:STAG) by 10.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 586,930 shares of the real estate investment trust’s stock after buying an additional 57,341 shares during the quarter. Sei Investments Co.’s holdings in STAG Industrial were worth $19,850,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at STAG Industrial

In related news, Director Benjamin S. Butcher sold 50,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the completion of the transaction, the director now owns 9,632 shares of the company’s stock, valued at approximately $338,083.20. This trade represents a 83.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Barclays dropped their price objective on shares of 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. Royal Bank of Canada dropped their price target on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research report on Monday, January 27th. Finally, Raymond James lifted their price objective on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, STAG Industrial has an average rating of “Moderate Buy” and a consensus target price of $40.38.

STAG Industrial Stock Down 0.1 %

STAG stock opened at $35.44 on Friday. STAG Industrial, Inc. has a one year low of $32.27 and a one year high of $41.63. The firm has a market cap of $6.61 billion, a PE ratio of 34.08 and a beta of 1.05. The firm’s 50 day moving average price is $35.14 and its 200-day moving average price is $36.13. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36.

STAG Industrial (NYSE:STAG) last posted its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 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 research analysts anticipate that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Increases Dividend

The business also recently announced a dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.1242 per share. This represents a yield of 4.25%. The ex-dividend date of this dividend 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 143.27%.

STAG Industrial 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.