STAG Industrial, Inc. (NYSE:STAG) Shares Bought by SG Americas Securities LLC

Posted by Defense World Staff on Apr 26th, 2023

SG Americas Securities LLC grew its holdings in STAG Industrial, Inc. (NYSE:STAG – Get Rating) by 8.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 43,370 shares of the real estate investment trust’s stock after acquiring an additional 3,383 shares during the quarter. SG Americas Securities LLC’s holdings in STAG Industrial were worth $1,401,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC purchased a new position in STAG Industrial in the second quarter valued at approximately $27,000. Wipfli Financial Advisors LLC purchased a new position in shares of STAG Industrial in the 3rd quarter valued at $34,000. FourThought Financial LLC raised its stake in STAG Industrial by 199.8% during the 3rd quarter. FourThought Financial LLC now owns 1,331 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 887 shares in the last quarter. Ellevest Inc. lifted its position in STAG Industrial by 742.3% in the third quarter. Ellevest Inc. now owns 1,373 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 1,210 shares during the last quarter. Finally, SRS Capital Advisors Inc. boosted its stake in STAG Industrial by 39.7% in the third quarter. SRS Capital Advisors Inc. now owns 1,446 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 411 shares in the last quarter. Hedge funds and other institutional investors own 85.21% of the company’s stock.

STAG Industrial Trading Down 0.9 %

Shares of STAG stock opened at $33.60 on Wednesday. The company has a market capitalization of $6.03 billion, a P/E ratio of 33.60, a price-to-earnings-growth ratio of 5.14 and a beta of 1.02. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.72. The business’s 50 day moving average is $33.33 and its two-hundred day moving average is $32.95. STAG Industrial, Inc. has a twelve month low of $26.56 and a twelve month high of $40.71.

STAG Industrial Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, May 15th. Investors of record on Friday, April 28th will be given a $0.123 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.39%. This is a positive change from STAG Industrial’s previous monthly dividend of $0.12. The ex-dividend date is Thursday, April 27th. STAG Industrial’s dividend payout ratio (DPR) is 147.00%.

Insiders Place Their Bets

In other news, Director Virgis Colbert sold 23,911 shares of STAG Industrial stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $31.82, for a total value of $760,848.02. Following the sale, the director now owns 17,017 shares of the company’s stock, valued at $541,480.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other STAG Industrial news, insider Benjamin S. Butcher sold 19,923 shares of the stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $34.69, for a total value of $691,128.87. Following the completion of the transaction, the insider now owns 7,088 shares in the company, valued at $245,882.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Virgis Colbert sold 23,911 shares of the business’s stock in a transaction on Friday, March 10th. The stock was sold at an average price of $31.82, for a total transaction of $760,848.02. Following the sale, the director now owns 17,017 shares in the company, valued at $541,480.94. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on STAG. JPMorgan Chase & Co. boosted their target price on STAG Industrial from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Thursday, February 23rd. StockNews.com assumed coverage on STAG Industrial in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Finally, BMO Capital Markets initiated coverage on shares of STAG Industrial in a research report on Monday, February 6th. They set an “outperform” rating and a $41.00 target price on the stock. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.83.

STAG Industrial Company Profile

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STAG Industrial, Inc is a real estate investment trust, which focuses on acquisition, ownership and operation of single-tenant, industrial properties throughout the United States. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.