Stag Industrial, Inc. $STAG Position Lessened by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. decreased its stake in Stag Industrial, Inc. (NYSE:STAG) by 14.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 601,349 shares of the real estate investment trust’s stock after selling 98,915 shares during the period. Van Lanschot Kempen Investment Management N.V. owned 0.32% of Stag Industrial worth $22,106,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Y Intercept Hong Kong Ltd bought a new stake in shares of Stag Industrial in the 4th quarter worth approximately $3,863,000. Cornercap Investment Counsel Inc. bought a new stake in shares of Stag Industrial in the 4th quarter worth approximately $786,000. Quadrant Capital Group LLC lifted its holdings in shares of Stag Industrial by 31.3% in the 4th quarter. Quadrant Capital Group LLC now owns 13,139 shares of the real estate investment trust’s stock worth $483,000 after purchasing an additional 3,134 shares during the last quarter. Advisors Asset Management Inc. increased its position in Stag Industrial by 160.4% in the 4th quarter. Advisors Asset Management Inc. now owns 1,919 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 1,182 shares during the period. Finally, FineMark National Bank & Trust increased its position in Stag Industrial by 0.5% in the 4th quarter. FineMark National Bank & Trust now owns 157,243 shares of the real estate investment trust’s stock valued at $5,780,000 after acquiring an additional 752 shares during the period. Institutional investors own 88.67% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on STAG shares. Robert W. Baird set a $40.00 target price on Stag Industrial in a research report on Tuesday, February 17th. Weiss Ratings cut Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Evercore restated an “outperform” rating and issued a $44.00 target price on shares of Stag Industrial in a research report on Wednesday, April 29th. JPMorgan Chase & Co. raised their target price on Stag Industrial from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. Finally, Barclays lowered their target price on Stag Industrial from $39.00 to $38.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 5th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $40.00.

Stag Industrial Stock Up 2.0%

STAG opened at $38.77 on Friday. Stag Industrial, Inc. has a 12 month low of $33.72 and a 12 month high of $39.99. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market cap of $7.41 billion, a P/E ratio of 30.06 and a beta of 0.98. The stock’s 50 day moving average price is $38.15 and its 200 day moving average price is $38.01.

Stag Industrial (NYSE:STAG) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 EPS for the quarter, beating the consensus estimate of $0.23 by $0.09. Stag Industrial had a return on equity of 6.80% and a net margin of 28.25%.The firm had revenue of $224.21 million for the quarter, compared to analysts’ expectations of $221.52 million. During the same period last year, the firm earned $0.61 EPS. The firm’s revenue was up 9.0% compared to the same quarter last year. As a group, research analysts predict that Stag Industrial, Inc. will post 2.63 earnings per share for the current year.

Stag Industrial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.3875 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.55 annualized dividend and a dividend yield of 4.0%. Stag Industrial’s dividend payout ratio (DPR) is 120.16%.

Stag Industrial Profile

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.