STAG Industrial, Inc. (NYSE:STAG) Shares Acquired by Pensionfund DSM Netherlands

Pensionfund DSM Netherlands raised its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 8.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,880 shares of the real estate investment trust’s stock after acquiring an additional 6,000 shares during the period. STAG Industrial makes up 1.6% of Pensionfund DSM Netherlands’ holdings, making the stock its 21st biggest holding. Pensionfund DSM Netherlands’ holdings in STAG Industrial were worth $3,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in STAG. Vanguard Group Inc. boosted its stake in shares of STAG Industrial by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 26,060,931 shares of the real estate investment trust’s stock valued at $1,023,152,000 after purchasing an additional 110,453 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of STAG Industrial by 22.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,248,373 shares of the real estate investment trust’s stock valued at $206,051,000 after purchasing an additional 961,420 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of STAG Industrial by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,832,545 shares of the real estate investment trust’s stock valued at $111,206,000 after purchasing an additional 104,190 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of STAG Industrial by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,660,590 shares of the real estate investment trust’s stock valued at $104,456,000 after purchasing an additional 39,739 shares during the period. Finally, Boston Trust Walden Corp boosted its stake in shares of STAG Industrial by 1.1% in the fourth quarter. Boston Trust Walden Corp now owns 2,539,129 shares of the real estate investment trust’s stock valued at $99,686,000 after purchasing an additional 28,304 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on STAG. Barclays decreased their price target on shares of STAG Industrial from $40.00 to $39.00 and set an “equal weight” rating for the company in a research note on Friday, May 24th. BMO Capital Markets reiterated an “outperform” rating and issued a $42.00 price target (up previously from $41.00) on shares of STAG Industrial in a research note on Monday, April 8th. Finally, BNP Paribas began coverage on shares of STAG Industrial in a research note on Tuesday, June 4th. They issued a “neutral” rating and a $39.00 price target for the company. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $39.00.

STAG Industrial Stock Performance

STAG traded up $0.12 during trading on Tuesday, hitting $35.66. The stock had a trading volume of 1,027,397 shares, compared to its average volume of 1,090,111. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.75 and a current ratio of 1.75. STAG Industrial, Inc. has a twelve month low of $31.69 and a twelve month high of $39.61. The firm has a market capitalization of $6.49 billion, a P/E ratio of 35.56, a PEG ratio of 4.94 and a beta of 1.08. The company’s 50-day moving average price is $35.36 and its 200 day moving average price is $37.02.

STAG Industrial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a $0.1233 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.48 annualized dividend and a dividend yield of 4.15%. STAG Industrial’s dividend payout ratio is presently 148.00%.

Insider Buying and Selling at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 30,000 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $34.81, for a total value of $1,044,300.00. Following the transaction, the director now directly owns 8,304 shares in the company, valued at approximately $289,062.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.10% of the stock is owned by insiders.

STAG Industrial Company Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.