Sei Investments Co. Has $19.85 Million Holdings in STAG Industrial, Inc. (NYSE:STAG)

Sei Investments Co. raised its holdings in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 10.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 586,930 shares of the real estate investment trust's stock after buying an additional 57,341 shares during the period. Sei Investments Co. owned about 0.32% of STAG Industrial worth $19,850,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. FMR LLC grew its holdings in shares of STAG Industrial by 145.5% in the 3rd quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust's stock worth $271,132,000 after acquiring an additional 4,111,268 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of STAG Industrial in the 4th quarter valued at $57,561,000. Bank of Montreal Can boosted its position in shares of STAG Industrial by 330.5% in the 3rd quarter. Bank of Montreal Can now owns 1,346,149 shares of the real estate investment trust's stock valued at $52,823,000 after purchasing an additional 1,033,485 shares during the period. Heitman Real Estate Securities LLC increased its stake in STAG Industrial by 19.8% in the 3rd quarter. Heitman Real Estate Securities LLC now owns 1,063,909 shares of the real estate investment trust's stock worth $41,588,000 after purchasing an additional 175,993 shares in the last quarter. Finally, Channing Capital Management LLC raised its holdings in STAG Industrial by 7.8% during the 4th quarter. Channing Capital Management LLC now owns 2,259,638 shares of the real estate investment trust's stock worth $76,421,000 after buying an additional 164,284 shares during the period. Institutional investors and hedge funds own 88.67% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on STAG shares. Royal Bank of Canada dropped their target price on shares of STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a research report on Monday, January 27th. Raymond James boosted their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Finally, Barclays decreased their target price on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $40.38.

Insider Activity at STAG Industrial

In related news, Director Benjamin S. Butcher sold 50,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total value of $1,755,000.00. Following the completion of the transaction, the director now owns 9,632 shares in the company, valued at $338,083.20. The trade was a 83.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.10% of the stock is currently owned by company insiders.

STAG Industrial Price Performance

Shares of NYSE:STAG traded up $0.09 on Tuesday, hitting $36.21. The stock had a trading volume of 2,908,945 shares, compared to its average volume of 1,143,467. The firm's 50 day moving average price is $35.24 and its 200-day moving average price is $36.01. 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, Inc. has a twelve month low of $32.27 and a twelve month high of $41.63. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 34.81 and a beta of 1.05.

STAG Industrial (NYSE:STAG - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. On average, equities research analysts predict that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.1242 dividend. 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. This represents a dividend yield of 4.25%. STAG Industrial's dividend payout ratio (DPR) is 143.27%.

About STAG Industrial

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.