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

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 7.9% during the third quarter, HoldingsChannel.com reports. The fund owned 107,451 shares of the real estate investment trust’s stock after buying an additional 7,877 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in STAG Industrial were worth $4,200,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in STAG. FMR LLC boosted its holdings in STAG Industrial by 145.5% in the third quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust’s stock worth $271,132,000 after purchasing an additional 4,111,268 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of STAG Industrial by 330.5% during the 3rd quarter. Bank of Montreal Can now owns 1,346,149 shares of the real estate investment trust’s stock valued at $52,823,000 after buying an additional 1,033,485 shares during the period. Westfield Capital Management Co. LP boosted its stake in shares of STAG Industrial by 36.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,670,586 shares of the real estate investment trust’s stock worth $65,303,000 after buying an additional 442,618 shares during the last quarter. Ceredex Value Advisors LLC bought a new stake in shares of STAG Industrial in the second quarter worth $13,188,000. Finally, Charles Schwab Investment Management Inc. increased its position in STAG Industrial by 7.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust’s stock valued at $123,883,000 after acquiring an additional 227,629 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors.

STAG Industrial Price Performance

Shares of NYSE:STAG opened at $36.41 on Tuesday. The company has a market capitalization of $6.63 billion, a P/E ratio of 36.78 and a beta of 1.09. STAG Industrial, Inc. has a 1-year low of $34.09 and a 1-year high of $41.63. The firm’s 50 day simple moving average is $37.55 and its two-hundred day simple moving average is $37.72. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42.

STAG Industrial Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.1233 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date is Tuesday, December 31st. STAG Industrial’s dividend payout ratio (DPR) is 149.49%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on STAG shares. Barclays dropped their target price on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Evercore ISI raised their price objective on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Wedbush upped their target price on shares of STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Finally, Wells Fargo & Company dropped their price target on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $41.13.

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.