Stag Industrial, Inc. (NYSE:STAG) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Stag Industrial, Inc. (NYSE:STAG) by 3.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 141,706 shares of the real estate investment trust’s stock after purchasing an additional 4,684 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.08% of Stag Industrial worth $5,118,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of STAG. Norges Bank purchased a new position in Stag Industrial during the 4th quarter valued at about $75,471,000. FMR LLC increased its holdings in Stag Industrial by 30.1% during 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 acquiring an additional 2,088,839 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Stag Industrial by 442.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,364,411 shares of the real estate investment trust’s stock valued at $46,144,000 after acquiring an additional 1,112,757 shares in the last quarter. Northern Trust Corp increased its holdings in Stag Industrial by 33.3% during the 4th quarter. Northern Trust Corp now owns 2,090,046 shares of the real estate investment trust’s stock valued at $70,685,000 after acquiring an additional 522,568 shares in the last quarter. Finally, Woodline Partners LP purchased a new position in Stag Industrial during the 4th quarter valued at about $15,446,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

Stag Industrial Stock Down 1.9%

STAG stock opened at $34.26 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. Stag Industrial, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $41.63. The firm’s 50-day simple moving average is $35.98 and its 200 day simple moving average is $34.94. The stock has a market cap of $6.39 billion, a PE ratio of 26.98 and a beta of 0.93.

Stag Industrial (NYSE:STAG) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 EPS for the quarter, meeting the consensus estimate of $0.63. The firm had revenue of $207.44 million for the quarter, compared to analysts’ expectations of $206.37 million. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. Stag Industrial’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the company earned $0.61 EPS. As a group, sell-side analysts predict that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a $0.1242 dividend. This represents a dividend yield of 422.0%. The ex-dividend date of this dividend is Thursday, July 31st. Stag Industrial’s dividend payout ratio (DPR) is 112.03%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Raymond James Financial raised their price target on shares of Stag Industrial from $36.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Evercore ISI raised their price target on shares of Stag Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday. Robert W. Baird decreased their price target on shares of Stag Industrial from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $38.00 price target on shares of Stag Industrial in a research note on Monday, May 19th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $39.14.

Insider Buying and Selling at Stag Industrial

In other news, Director Benjamin S. Butcher sold 28,843 shares of Stag Industrial stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $36.90, for a total value of $1,064,306.70. Following the transaction, the director directly owned 7,115 shares of the company’s stock, valued at $262,543.50. This trade represents a 80.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by company 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.