Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in STAG Industrial, Inc. (NYSE:STAG) by 27.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 137,022 shares of the real estate investment trust’s stock after purchasing an additional 29,571 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in STAG Industrial were worth $4,634,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund raised its stake in shares of STAG Industrial by 0.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,131 shares of the real estate investment trust’s stock worth $1,256,000 after acquiring an additional 300 shares in the last quarter. Values First Advisors Inc. grew its holdings in STAG Industrial by 2.2% in the fourth quarter. Values First Advisors Inc. now owns 14,562 shares of the real estate investment trust’s stock worth $492,000 after purchasing an additional 307 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of STAG Industrial by 3.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 12,025 shares of the real estate investment trust’s stock worth $407,000 after purchasing an additional 347 shares in the last quarter. Peak Financial Advisors LLC lifted its holdings in shares of STAG Industrial by 3.0% during the 4th quarter. Peak Financial Advisors LLC now owns 12,415 shares of the real estate investment trust’s stock valued at $420,000 after purchasing an additional 356 shares during the last quarter. Finally, Hilltop National Bank boosted its position in shares of STAG Industrial by 19.2% in the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 362 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Benjamin S. Butcher sold 50,000 shares of the business’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 in the company, valued at $338,083.20. The trade was a 83.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

STAG Industrial Stock Up 1.4 %

STAG stock opened at $35.47 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. The firm’s fifty day simple moving average is $34.83 and its 200-day simple moving average is $36.44. STAG Industrial, Inc. has a 12 month low of $32.27 and a 12 month high of $41.63. The company has a market capitalization of $6.62 billion, a P/E ratio of 34.11 and a beta of 1.05.

STAG Industrial (NYSE:STAG) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 EPS 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%. As a group, equities research analysts forecast that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.1242 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from STAG Industrial’s previous dividend of $0.12. This represents a yield of 4.25%. STAG Industrial’s payout ratio is presently 143.27%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on STAG. Barclays cut their price objective on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. Raymond James raised their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, 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. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, STAG Industrial currently has an average rating of “Moderate Buy” and a consensus target price of $40.38.

About STAG Industrial

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.