Ceredex Value Advisors LLC Invests $13.19 Million in STAG Industrial, Inc. (NYSE:STAG)

Ceredex Value Advisors LLC purchased a new position in STAG Industrial, Inc. (NYSE:STAG - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 364,500 shares of the real estate investment trust's stock, valued at approximately $13,188,000. Ceredex Value Advisors LLC owned about 0.20% of STAG Industrial as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in STAG. Vanguard Group Inc. lifted its holdings in STAG Industrial by 0.7% during the first quarter. Vanguard Group Inc. now owns 26,237,263 shares of the real estate investment trust's stock worth $1,008,560,000 after acquiring an additional 176,332 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in STAG Industrial by 22.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,248,373 shares of the real estate investment trust's stock worth $206,051,000 after purchasing an additional 961,420 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in STAG Industrial by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,832,545 shares of the real estate investment trust's stock worth $111,206,000 after buying an additional 104,190 shares during the period. Dimensional Fund Advisors LP lifted its stake in STAG Industrial by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,660,590 shares of the real estate investment trust's stock valued at $104,456,000 after buying an additional 39,739 shares in the last quarter. Finally, Boston Trust Walden Corp raised its holdings in shares of STAG Industrial by 1.0% during the second quarter. Boston Trust Walden Corp now owns 2,552,752 shares of the real estate investment trust's stock worth $92,052,000 after acquiring an additional 25,779 shares during the period. Institutional investors and hedge funds own 88.67% of the company's stock.

Insider Buying and Selling 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 shares were sold at an average price of $40.78, for a total transaction of $1,386,520.00. Following the sale, the director now directly owns 8,758 shares of the company's stock, valued at approximately $357,151.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Benjamin S. Butcher sold 30,000 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 8,304 shares in the company, valued at $289,062.24. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Benjamin S. Butcher sold 34,000 shares of the company's stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $40.78, for a total transaction of $1,386,520.00. Following the sale, the director now directly owns 8,758 shares in the company, valued at approximately $357,151.24. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

STAG has been the subject of a number of research reports. Barclays increased their price objective on STAG Industrial from $38.00 to $42.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 14th. Wedbush increased their target price on shares of STAG Industrial from $44.00 to $45.00 and gave the stock an "outperform" rating in a report on Monday, August 5th. Finally, BNP Paribas started coverage on shares of STAG Industrial in a research note on Tuesday, June 4th. They set a "neutral" rating and a $39.00 price objective for the company. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $40.63.

STAG Industrial Price Performance

Shares of STAG Industrial stock traded up $0.55 during midday trading on Friday, hitting $40.45. 729,013 shares of the company traded hands, compared to its average volume of 1,104,537. STAG Industrial, Inc. has a 12 month low of $31.69 and a 12 month high of $41.63. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a market cap of $7.37 billion, a price-to-earnings ratio of 40.45, a PEG ratio of 4.07 and a beta of 1.09. The firm's fifty day moving average price is $38.13 and its 200-day moving average price is $37.08.

STAG Industrial Increases Dividend

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