American Century Companies Inc. Grows Stake in STAG Industrial, Inc. (NYSE:STAG)

American Century Companies Inc. raised its stake in STAG Industrial, Inc. (NYSE:STAG) by 9.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,587 shares of the real estate investment trust’s stock after acquiring an additional 5,402 shares during the quarter. American Century Companies Inc.’s holdings in STAG Industrial were worth $2,365,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in shares of STAG Industrial by 56.1% during the 2nd quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 326 shares in the last quarter. Insight Folios Inc boosted its position in STAG Industrial by 4.1% during the 1st quarter. Insight Folios Inc now owns 8,678 shares of the real estate investment trust’s stock valued at $334,000 after buying an additional 341 shares during the period. Claro Advisors LLC boosted its position in STAG Industrial by 5.8% during the 1st quarter. Claro Advisors LLC now owns 6,433 shares of the real estate investment trust’s stock valued at $247,000 after buying an additional 352 shares during the period. Verdence Capital Advisors LLC lifted its position in shares of STAG Industrial by 4.2% in the 1st quarter. Verdence Capital Advisors LLC now owns 9,038 shares of the real estate investment trust’s stock worth $347,000 after purchasing an additional 368 shares during the period. Finally, New York State Teachers Retirement System lifted its position in shares of STAG Industrial by 1.0% in the 1st quarter. New York State Teachers Retirement System now owns 39,005 shares of the real estate investment trust’s stock worth $1,499,000 after purchasing an additional 400 shares during the period. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 34,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $40.78, for a total transaction of $1,386,520.00. Following the transaction, the director now owns 8,758 shares in the company, valued at approximately $357,151.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

STAG has been the subject of several research analyst reports. Wells Fargo & Company raised their target price on shares of STAG Industrial from $37.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Barclays boosted their target price on shares of STAG Industrial from $38.00 to $42.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 14th. Wedbush lifted their price target on shares of STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, August 5th. BNP Paribas started coverage on shares of STAG Industrial in a report on Tuesday, June 4th. They set a “neutral” rating and a $39.00 price target on the stock. Finally, Evercore ISI lifted their price objective on STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $41.22.

STAG Industrial Trading Up 0.5 %

Shares of NYSE STAG opened at $39.24 on Friday. The stock has a market capitalization of $7.15 billion, a PE ratio of 39.24, a PEG ratio of 4.09 and a beta of 1.09. The stock has a fifty day simple moving average of $39.81 and a 200-day simple moving average of $37.41. STAG Industrial, Inc. has a twelve month low of $31.69 and a twelve month high of $41.63. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.82.

STAG Industrial Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were given a dividend of $0.1233 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a dividend yield of 3.63%. This is a boost from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s payout ratio is 148.00%.

STAG Industrial Profile

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.