Van Lanschot Kempen Investment Management N.V. Has $15.17 Million Stake in STAG Industrial, Inc. (NYSE:STAG)

Van Lanschot Kempen Investment Management N.V. cut its position in STAG Industrial, Inc. (NYSE:STAG) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 448,576 shares of the real estate investment trust’s stock after selling 11,398 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned 0.25% of STAG Industrial worth $15,171,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in STAG Industrial during the 4th quarter valued at approximately $75,471,000. FMR LLC lifted its stake in shares of STAG Industrial by 30.1% in the 4th quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust’s stock valued at $305,224,000 after purchasing an additional 2,088,839 shares during the period. Raymond James Financial Inc. acquired a new stake in STAG Industrial during the fourth quarter worth approximately $57,561,000. Franklin Resources Inc. lifted its stake in STAG Industrial by 114.3% in the fourth quarter. Franklin Resources Inc. now owns 797,457 shares of the real estate investment trust’s stock valued at $26,970,000 after buying an additional 425,362 shares during the period. Finally, Prudential Financial Inc. increased its stake in shares of STAG Industrial by 19.3% in the 4th quarter. Prudential Financial Inc. now owns 1,809,679 shares of the real estate investment trust’s stock valued at $61,203,000 after acquiring an additional 292,252 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on STAG shares. Royal Bank of Canada dropped their price objective on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a report on Monday, January 27th. Barclays decreased their price target on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 28th. Finally, Raymond James dropped their price target on shares of STAG Industrial from $40.00 to $36.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $39.57.

STAG Industrial Price Performance

Shares of NYSE STAG opened at $32.13 on Tuesday. The stock’s 50 day moving average price is $34.55 and its 200-day moving average price is $35.27. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. STAG Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $41.63. The company has a market capitalization of $6.00 billion, a PE ratio of 30.89 and a beta of 0.96.

STAG Industrial (NYSE:STAG) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. On average, equities analysts anticipate that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.1242 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.49 annualized dividend and a dividend yield of 4.64%. STAG Industrial’s payout ratio is 143.27%.

Insider Buying and Selling

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total value of $1,755,000.00. Following the completion of the transaction, the director now directly owns 9,632 shares of the company’s stock, valued at $338,083.20. This trade represents a 83.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by insiders.

STAG Industrial Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.