Resources Management Corp CT ADV Grows Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Resources Management Corp CT ADV boosted its position in STAG Industrial, Inc. (NYSE:STAG) by 1.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,475 shares of the real estate investment trust’s stock after buying an additional 370 shares during the quarter. Resources Management Corp CT ADV’s holdings in STAG Industrial were worth $1,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of STAG Industrial in the first quarter valued at $3,222,000. Centersquare Investment Management LLC grew its position in shares of STAG Industrial by 24.9% in the first quarter. Centersquare Investment Management LLC now owns 129,800 shares of the real estate investment trust’s stock valued at $4,990,000 after purchasing an additional 25,844 shares in the last quarter. Westfield Capital Management Co. LP grew its position in shares of STAG Industrial by 12.3% in the first quarter. Westfield Capital Management Co. LP now owns 967,485 shares of the real estate investment trust’s stock valued at $37,190,000 after purchasing an additional 106,217 shares in the last quarter. Cetera Investment Advisers grew its position in shares of STAG Industrial by 763.9% in the first quarter. Cetera Investment Advisers now owns 70,788 shares of the real estate investment trust’s stock valued at $2,721,000 after purchasing an additional 62,594 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC grew its position in shares of STAG Industrial by 470.9% in the first quarter. Susquehanna Fundamental Investments LLC now owns 74,120 shares of the real estate investment trust’s stock valued at $2,849,000 after purchasing an additional 61,137 shares in the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other STAG Industrial news, Director Benjamin S. Butcher sold 34,000 shares of STAG Industrial stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $40.78, for a total transaction of $1,386,520.00. Following the completion of the sale, the director now owns 8,758 shares of the company’s stock, valued at $357,151.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

STAG Industrial Trading Up 0.9 %

Shares of STAG stock opened at $39.44 on Tuesday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.82. The business has a 50-day moving average price of $39.77 and a two-hundred day moving average price of $37.37. STAG Industrial, Inc. has a 12-month low of $31.69 and a 12-month high of $41.63. The firm has a market cap of $7.18 billion, a P/E ratio of 39.44, a price-to-earnings-growth ratio of 4.15 and a beta of 1.09.

STAG Industrial Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were paid a dividend of $0.1233 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a yield of 3.63%. This is a positive change from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s payout ratio is 148.00%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. BNP Paribas assumed coverage on STAG Industrial in a research report on Tuesday, June 4th. They issued a “neutral” rating and a $39.00 price target for the company. Wells Fargo & Company lifted their price target on STAG Industrial from $37.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Barclays lifted their price objective on STAG Industrial from $38.00 to $42.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 14th. Evercore ISI lifted their price objective on STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Finally, Wedbush lifted their price objective on STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Six 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 company has a consensus rating of “Hold” and an average price target of $41.22.

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.