Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of STAG Industrial Inc (NYSE:STAG) by 36.2% in the first quarter, HoldingsChannel.com reports. The firm owned 9,272 shares of the real estate investment trust’s stock after purchasing an additional 2,463 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in STAG Industrial were worth $222,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of STAG. Bank of Montreal Can grew its holdings in STAG Industrial by 109.5% during the fourth quarter. Bank of Montreal Can now owns 201,063 shares of the real estate investment trust’s stock valued at $5,495,000 after purchasing an additional 105,098 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in STAG Industrial by 11.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 440,351 shares of the real estate investment trust’s stock valued at $12,035,000 after purchasing an additional 45,614 shares during the period. Strs Ohio grew its holdings in STAG Industrial by 4.5% during the fourth quarter. Strs Ohio now owns 149,530 shares of the real estate investment trust’s stock valued at $4,086,000 after purchasing an additional 6,418 shares during the period. Boston Advisors LLC acquired a new position in STAG Industrial during the fourth quarter valued at approximately $5,322,000. Finally, RMR Advisors LLC grew its holdings in STAG Industrial by 16.7% during the fourth quarter. RMR Advisors LLC now owns 209,693 shares of the real estate investment trust’s stock valued at $5,731,000 after purchasing an additional 30,000 shares during the period. Hedge funds and other institutional investors own 83.00% of the company’s stock.
STAG has been the subject of a number of analyst reports. Zacks Investment Research cut shares of STAG Industrial from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. ValuEngine cut shares of STAG Industrial from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Ladenburg Thalmann restated a “buy” rating and set a $32.00 price objective on shares of STAG Industrial in a report on Friday, February 16th. Cantor Fitzgerald set a $29.00 price objective on shares of STAG Industrial and gave the company a “hold” rating in a report on Thursday, February 15th. Finally, DA Davidson restated a “neutral” rating on shares of STAG Industrial in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $29.19.
STAG Industrial stock opened at $25.39 on Monday. The company has a market capitalization of $2.47 billion, a PE ratio of 15.02, a P/E/G ratio of 3.06 and a beta of 1.08. STAG Industrial Inc has a twelve month low of $22.42 and a twelve month high of $28.95. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.63.
STAG Industrial (NYSE:STAG) last released its quarterly earnings results on Tuesday, May 1st. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.21). The company had revenue of $83.28 million during the quarter, compared to analyst estimates of $82.27 million. STAG Industrial had a net margin of 17.55% and a return on equity of 4.71%. The firm’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 EPS. equities research analysts predict that STAG Industrial Inc will post 1.79 EPS for the current fiscal year.
The business also recently declared a monthly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, June 29th will be issued a $0.1183 dividend. This represents a $1.42 annualized dividend and a dividend yield of 5.59%. The ex-dividend date of this dividend is Thursday, June 28th. STAG Industrial’s dividend payout ratio (DPR) is presently 84.02%.
STAG Industrial Company Profile
STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. As of December 31, 2017, the Company owned 356 buildings in 37 states with approximately 70.2 million rentable square feet (square feet unaudited herein and throughout the Notes), consisting of 288 warehouse/distribution buildings, 52 light manufacturing buildings, 14 flex/office buildings, and two buildings classified as held for sale.
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