Delphi Management Inc. MA Grows Holdings in STAG Industrial, Inc. (NYSE:STAG)

Delphi Management Inc. MA boosted its stake in STAG Industrial, Inc. (NYSE:STAG) by 19.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,508 shares of the real estate investment trust’s stock after acquiring an additional 8,220 shares during the period. STAG Industrial accounts for approximately 1.5% of Delphi Management Inc. MA’s holdings, making the stock its 10th biggest holding. Delphi Management Inc. MA’s holdings in STAG Industrial were worth $1,857,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. UBS Group AG boosted its holdings in shares of STAG Industrial by 85.5% during the 4th quarter. UBS Group AG now owns 263,303 shares of the real estate investment trust’s stock valued at $10,337,000 after buying an additional 121,328 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of STAG Industrial by 16.3% during the 4th quarter. Hsbc Holdings PLC now owns 104,362 shares of the real estate investment trust’s stock valued at $4,097,000 after buying an additional 14,649 shares in the last quarter. Treasurer of the State of North Carolina raised its position in shares of STAG Industrial by 2.2% in the 4th quarter. Treasurer of the State of North Carolina now owns 80,610 shares of the real estate investment trust’s stock worth $3,165,000 after purchasing an additional 1,750 shares during the last quarter. Evoke Wealth LLC purchased a new position in shares of STAG Industrial in the 4th quarter worth about $402,000. Finally, Campbell & CO Investment Adviser LLC raised its position in STAG Industrial by 131.2% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 46,673 shares of the real estate investment trust’s stock worth $1,832,000 after buying an additional 26,489 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

Insider Transactions at STAG Industrial

In other news, Director Benjamin S. Butcher sold 34,000 shares of STAG Industrial stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $40.78, for a total value of $1,386,520.00. Following the completion of the transaction, the director now owns 8,758 shares in the company, valued at approximately $357,151.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

STAG Industrial Stock Performance

NYSE STAG opened at $39.06 on Tuesday. The stock has a market capitalization of $7.11 billion, a PE ratio of 39.06, a P/E/G ratio of 4.09 and a beta of 1.09. The business has a 50 day simple moving average of $39.79 and a two-hundred day simple moving average of $37.42. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.60 and a quick ratio of 1.60. STAG Industrial, Inc. has a 1-year low of $31.69 and a 1-year high of $41.63.

STAG Industrial Increases Dividend

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

Wall Street Analyst Weigh In

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

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.