Ceredex Value Advisors LLC Purchases Shares of 364,500 STAG Industrial, Inc. (NYSE:STAG)

Ceredex Value Advisors LLC acquired a new position in shares of STAG Industrial, Inc. (NYSE:STAG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 364,500 shares of the real estate investment trust’s stock, valued at approximately $13,188,000. Ceredex Value Advisors LLC owned approximately 0.20% of STAG Industrial at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. J.Safra Asset Management Corp raised its holdings in shares of STAG Industrial by 708.5% in the 1st quarter. J.Safra Asset Management Corp now owns 663 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 581 shares during the last quarter. Spire Wealth Management lifted its holdings in shares of STAG Industrial by 124.1% in the fourth quarter. Spire Wealth Management now owns 688 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 381 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of STAG Industrial during the first quarter valued at approximately $29,000. HHM Wealth Advisors LLC bought a new stake in STAG Industrial during the fourth quarter worth $31,000. Finally, GAMMA Investing LLC raised its position in STAG Industrial by 56.1% in 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 during the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Benjamin S. Butcher sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $34.81, for a total transaction of $1,044,300.00. Following the sale, the director now directly owns 8,304 shares in the company, valued at approximately $289,062.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other STAG Industrial news, Director Benjamin S. Butcher sold 30,000 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $34.81, for a total value of $1,044,300.00. Following the completion of the transaction, the director now owns 8,304 shares in the company, valued at approximately $289,062.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Benjamin S. Butcher sold 34,000 shares of the stock in a transaction dated 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 completion of the sale, the director now directly owns 8,758 shares in the company, valued at $357,151.24. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

STAG Industrial Stock Performance

Shares of STAG traded up $0.55 during mid-day trading on Friday, hitting $40.45. The stock had a trading volume of 729,013 shares, compared to its average volume of 1,104,537. STAG Industrial, Inc. has a 52 week low of $31.69 and a 52 week high of $41.63. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.60 and a quick ratio of 1.60. The business has a fifty day moving average price of $38.13 and a 200-day moving average price of $37.08. The firm has a market cap of $7.37 billion, a P/E ratio of 40.45, a PEG ratio of 4.07 and a beta of 1.09.

STAG Industrial Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on STAG shares. BNP Paribas assumed coverage on shares of STAG Industrial in a report on Tuesday, June 4th. They set a “neutral” rating and a $39.00 price objective on the stock. Barclays upped their price objective on shares of STAG Industrial from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 14th. Finally, Wedbush lifted their target price on shares of STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, STAG Industrial has a consensus rating of “Hold” and a consensus price target of $40.63.

STAG Industrial Company 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.