Pensionfund DSM Netherlands Has $1.99 Million Position in STAG Industrial, Inc. (NYSE:STAG)

Pensionfund DSM Netherlands trimmed its holdings in STAG Industrial, Inc. (NYSE:STAG) by 25.4% during the fourth quarter, Holdings Channel reports. The firm owned 58,880 shares of the real estate investment trust’s stock after selling 20,000 shares during the quarter. STAG Industrial comprises about 1.2% of Pensionfund DSM Netherlands’ holdings, making the stock its 27th largest position. Pensionfund DSM Netherlands’ holdings in STAG Industrial were worth $1,991,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in STAG. FMR LLC grew 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 period. Bank of Montreal Can increased its position in STAG Industrial by 330.5% in 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 in the last quarter. Westfield Capital Management Co. LP boosted its holdings in STAG Industrial by 36.0% in the third 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 acquiring an additional 442,618 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 in the last quarter. Finally, Heitman Real Estate Securities LLC lifted its holdings in shares of STAG Industrial by 19.8% in the 3rd quarter. Heitman Real Estate Securities LLC now owns 1,063,909 shares of the real estate investment trust’s stock worth $41,588,000 after purchasing an additional 175,993 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

STAG Industrial Price Performance

NYSE:STAG traded up $0.22 during trading hours on Monday, hitting $33.60. 129,675 shares of the company’s stock traded hands, compared to its average volume of 963,147. The firm has a market cap of $6.12 billion, a P/E ratio of 33.94 and a beta of 1.09. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87. The business’s fifty day simple moving average is $35.90 and its two-hundred day simple moving average is $37.65. STAG Industrial, Inc. has a 52 week low of $32.79 and a 52 week high of $41.63.

STAG Industrial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.1233 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.40%. The ex-dividend date is Tuesday, December 31st. STAG Industrial’s dividend payout ratio (DPR) is 149.49%.

Analysts Set New Price Targets

Several research firms have recently weighed in on STAG. Wells Fargo & Company cut their price target on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Raymond James increased their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Barclays lowered their price target on shares of 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. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $41.00.

STAG Industrial Company Profile

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.