Stag Industrial Inc (STAG) Stake Increased by Sei Investments Co.
Sei Investments Co. increased its position in shares of Stag Industrial Inc (NYSE:STAG) by 3.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 83,059 shares of the real estate investment trust’s stock after purchasing an additional 2,533 shares during the quarter. Sei Investments Co. owned approximately 0.09% of Stag Industrial worth $2,282,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently modified their holdings of STAG. San Francisco Sentry Investment Group CA purchased a new stake in shares of Stag Industrial during the second quarter worth approximately $117,000. Creative Planning increased its position in shares of Stag Industrial by 140.4% during the second quarter. Creative Planning now owns 4,341 shares of the real estate investment trust’s stock worth $120,000 after purchasing an additional 2,535 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of Stag Industrial during the second quarter worth approximately $200,000. Federated Investors Inc. PA purchased a new stake in shares of Stag Industrial during the second quarter worth approximately $203,000. Finally, GAM Holding AG increased its position in shares of Stag Industrial by 20.2% during the second quarter. GAM Holding AG now owns 7,566 shares of the real estate investment trust’s stock worth $209,000 after purchasing an additional 1,270 shares in the last quarter. Hedge funds and other institutional investors own 82.08% of the company’s stock.
In other Stag Industrial news, EVP Peter S. Fearey sold 1,033 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $28.71, for a total transaction of $29,657.43. Following the transaction, the executive vice president now owns 2,506 shares of the company’s stock, valued at $71,947.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.00% of the company’s stock.
Stag Industrial Inc (NYSE:STAG) traded down $0.30 during midday trading on Friday, reaching $28.00. The company’s stock had a trading volume of 611,660 shares, compared to its average volume of 627,084. The firm has a market capitalization of $2,634.32, a price-to-earnings ratio of 16.77, a P/E/G ratio of 3.09 and a beta of 1.25. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.09 and a quick ratio of 0.09. Stag Industrial Inc has a one year low of $22.64 and a one year high of $28.95.
Stag Industrial (NYSE:STAG) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. The company had revenue of $78.14 million for the quarter, compared to analyst estimates of $76.17 million. Stag Industrial had a return on equity of 5.72% and a net margin of 18.96%. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 earnings per share. equities research analysts predict that Stag Industrial Inc will post 1.68 earnings per share for the current fiscal year.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a dividend of $0.1183 per share. This represents a $1.42 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date is Tuesday, February 27th. Stag Industrial’s dividend payout ratio (DPR) is currently 261.12%.
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Stag Industrial Company Profile
STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.
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