Delphi Management Inc. MA Purchases New Position in Stag Industrial Inc (STAG)
Delphi Management Inc. MA purchased a new stake in Stag Industrial Inc (NYSE:STAG) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 70,634 shares of the real estate investment trust’s stock, valued at approximately $1,930,000.
Several other institutional investors have also made changes to their positions in STAG. Schroder Investment Management Group boosted its holdings in Stag Industrial by 418.2% in the 2nd quarter. Schroder Investment Management Group now owns 64,205 shares of the real estate investment trust’s stock worth $1,751,000 after buying an additional 51,816 shares during the last quarter. MetLife Investment Advisors LLC boosted its holdings in Stag Industrial by 7.2% in the 2nd quarter. MetLife Investment Advisors LLC now owns 44,891 shares of the real estate investment trust’s stock worth $1,222,000 after buying an additional 3,018 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in Stag Industrial by 8.7% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 38,541 shares of the real estate investment trust’s stock worth $1,049,000 after buying an additional 3,089 shares during the last quarter. Vident Investment Advisory LLC boosted its holdings in Stag Industrial by 118.4% in the 2nd quarter. Vident Investment Advisory LLC now owns 34,663 shares of the real estate investment trust’s stock worth $944,000 after buying an additional 18,791 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its holdings in Stag Industrial by 7.7% in the 2nd quarter. Macquarie Group Ltd. now owns 222,130 shares of the real estate investment trust’s stock worth $6,049,000 after buying an additional 15,885 shares during the last quarter. Hedge funds and other institutional investors own 84.41% of the company’s stock.
Several equities research analysts recently issued reports on STAG shares. JPMorgan Chase & Co. cut Stag Industrial from an “overweight” rating to a “neutral” rating and set a $27.00 price objective on the stock. in a report on Friday, June 15th. UBS Group lifted their price objective on Stag Industrial from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, June 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Stag Industrial has a consensus rating of “Hold” and a consensus target price of $28.83.
Stag Industrial (NYSE:STAG) last posted its quarterly earnings data on Tuesday, July 31st. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. Stag Industrial had a return on equity of 5.08% and a net margin of 19.24%. The company had revenue of $85.47 million for the quarter, compared to analysts’ expectations of $84.32 million. analysts expect that Stag Industrial Inc will post 1.79 earnings per share for the current year.
The business also recently announced a monthly dividend, which was paid on Monday, September 17th. Stockholders of record on Friday, August 31st were issued a dividend of $0.1183 per share. This represents a $1.42 annualized dividend and a dividend yield of 4.99%. The ex-dividend date of this dividend was Thursday, August 30th. Stag Industrial’s dividend payout ratio is currently 84.02%.
Stag Industrial Company Profile
STAG Industrial, Inc (the ?Company?) is an industrial real estate operating company focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (?REIT?) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.
Featured Story: Hedge Funds – Risk or Reward?
Want to see what other hedge funds are holding STAG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stag Industrial Inc (NYSE:STAG).
Receive News & Ratings for Stag Industrial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stag Industrial and related companies with MarketBeat.com's FREE daily email newsletter.