Stag Industrial, Inc. $STAG Shares Sold by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. cut its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 14.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 601,349 shares of the real estate investment trust’s stock after selling 98,915 shares during the quarter. Van Lanschot Kempen Investment Management N.V.’s holdings in Stag Industrial were worth $22,106,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Channing Capital Management LLC increased its position in shares of Stag Industrial by 8.3% during the 3rd quarter. Channing Capital Management LLC now owns 2,186,846 shares of the real estate investment trust’s stock valued at $77,174,000 after purchasing an additional 167,093 shares during the period. Tudor Investment Corp ET AL acquired a new position in shares of Stag Industrial in the 3rd quarter worth $11,422,000. JPMorgan Chase & Co. grew its holdings in shares of Stag Industrial by 12.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,495,511 shares of the real estate investment trust’s stock worth $52,778,000 after acquiring an additional 170,639 shares during the last quarter. Elo Mutual Pension Insurance Co acquired a new position in shares of Stag Industrial in the 3rd quarter worth $1,897,000. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Stag Industrial by 98.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 90,618 shares of the real estate investment trust’s stock worth $3,331,000 after acquiring an additional 44,921 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

STAG has been the topic of a number of recent research reports. Wells Fargo & Company decreased their target price on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. Barclays decreased their target price on Stag Industrial from $39.00 to $38.00 and set an “underweight” rating on the stock in a report on Tuesday, May 5th. JPMorgan Chase & Co. lifted their target price on Stag Industrial from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Weiss Ratings cut Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Finally, Evercore restated an “outperform” rating and issued a $44.00 target price on shares of Stag Industrial in a report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Stag Industrial has a consensus rating of “Hold” and an average target price of $40.00.

Stag Industrial Stock Performance

Shares of NYSE STAG opened at $38.77 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $7.41 billion, a price-to-earnings ratio of 30.06 and a beta of 0.98. The stock’s fifty day simple moving average is $38.15 and its 200 day simple moving average is $38.01. Stag Industrial, Inc. has a 52-week low of $33.72 and a 52-week high of $39.99.

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

Stag Industrial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.3875 dividend. This represents a $1.55 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, June 30th. 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.