Delphi Management Inc. MA Has $1.48 Million Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Delphi Management Inc. MA grew its position in STAG Industrial, Inc. (NYSE:STAG) by 12.6% during the 4th quarter, HoldingsChannel reports. The firm owned 43,683 shares of the real estate investment trust’s stock after purchasing an additional 4,904 shares during the quarter. Delphi Management Inc. MA’s holdings in STAG Industrial were worth $1,477,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Point72 DIFC Ltd bought a new stake in shares of STAG Industrial during the third quarter worth $717,000. Geode Capital Management LLC increased its position in shares of STAG Industrial by 0.6% during the third quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust’s stock worth $133,077,000 after acquiring an additional 21,925 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of STAG Industrial by 169.6% during the third quarter. BNP Paribas Financial Markets now owns 132,412 shares of the real estate investment trust’s stock worth $5,176,000 after acquiring an additional 83,296 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of STAG Industrial by 3.6% during the third quarter. Thrivent Financial for Lutherans now owns 626,981 shares of the real estate investment trust’s stock worth $24,509,000 after acquiring an additional 21,764 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of STAG Industrial during the third quarter worth $566,000. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Raymond James increased their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Barclays lowered their price objective on shares of 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. Finally, Royal Bank of Canada decreased their target price on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research report on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $40.38.

STAG Industrial Stock Up 1.1 %

STAG Industrial stock opened at $35.83 on Tuesday. The company has a fifty day simple moving average of $34.88 and a 200 day simple moving average of $36.36. STAG Industrial, Inc. has a 1-year low of $32.27 and a 1-year high of $41.63. The company has a market cap of $6.68 billion, a P/E ratio of 34.45 and a beta of 1.05. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86.

STAG Industrial (NYSE:STAG) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. Research analysts anticipate that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Increases Dividend

The business also recently announced a dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.1242 per share. This represents a dividend yield of 4.25%. The ex-dividend date was Friday, February 28th. This is a boost from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s dividend payout ratio (DPR) is currently 143.27%.

Insider Transactions at STAG Industrial

In other 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 directly owns 9,632 shares in the company, valued at approximately $338,083.20. The trade was a 83.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

STAG Industrial Profile

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.