Zurcher Kantonalbank Zurich Cantonalbank Has $4.15 Million Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 105,811 shares of the real estate investment trust’s stock after buying an additional 1,915 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.06% of STAG Industrial worth $4,154,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. raised its stake in shares of STAG Industrial by 35.3% in the third quarter. Invesco Ltd. now owns 1,613,265 shares of the real estate investment trust’s stock worth $55,674,000 after purchasing an additional 420,768 shares during the last quarter. Crestwood Advisors Group LLC purchased a new stake in shares of STAG Industrial in the third quarter worth approximately $10,124,000. Envestnet Asset Management Inc. raised its stake in shares of STAG Industrial by 105.2% in the third quarter. Envestnet Asset Management Inc. now owns 449,517 shares of the real estate investment trust’s stock worth $15,513,000 after purchasing an additional 230,480 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its stake in shares of STAG Industrial by 132.7% in the third quarter. Schonfeld Strategic Advisors LLC now owns 313,626 shares of the real estate investment trust’s stock worth $10,823,000 after purchasing an additional 178,846 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new stake in shares of STAG Industrial in the third quarter worth approximately $4,955,000. 88.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on STAG. Royal Bank of Canada upped their target price on STAG Industrial from $39.00 to $40.00 and gave the company a “sector perform” rating in a report on Friday, February 16th. Barclays began coverage on STAG Industrial in a report on Wednesday, March 27th. They issued an “equal weight” rating and a $40.00 target price for the company. Robert W. Baird reaffirmed a “neutral” rating and issued a $41.00 target price (up from $38.00) on shares of STAG Industrial in a report on Friday, January 5th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $42.00 target price (up from $41.00) on shares of STAG Industrial in a report on Monday, April 8th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, STAG Industrial presently has an average rating of “Hold” and a consensus target price of $39.13.

STAG Industrial Price Performance

Shares of NYSE STAG opened at $35.34 on Tuesday. The stock has a fifty day simple moving average of $37.49 and a two-hundred day simple moving average of $36.83. STAG Industrial, Inc. has a 1-year low of $31.69 and a 1-year high of $39.61. The firm has a market cap of $6.43 billion, a price-to-earnings ratio of 32.72, a price-to-earnings-growth ratio of 4.93 and a beta of 1.02. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.76.

STAG Industrial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.1233 per share. This represents a $1.48 annualized dividend and a yield of 4.19%. The ex-dividend date is Friday, June 28th. STAG Industrial’s dividend payout ratio (DPR) is 137.04%.

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.