KBC Group NV Increases Position in STAG Industrial, Inc. (NYSE:STAG)

KBC Group NV raised its holdings in STAG Industrial, Inc. (NYSE:STAG) by 52.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,547 shares of the real estate investment trust’s stock after purchasing an additional 2,589 shares during the period. KBC Group NV’s holdings in STAG Industrial were worth $255,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. FMR LLC increased its position in shares of STAG Industrial by 145.5% during 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 in the last quarter. Bank of Montreal Can boosted its holdings 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 purchasing an additional 1,033,485 shares during the last quarter. Westfield Capital Management Co. LP raised its position in shares of STAG Industrial by 36.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,670,586 shares of the real estate investment trust’s stock valued at $65,303,000 after buying an additional 442,618 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in STAG Industrial by 7.7% in 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. Finally, Heitman Real Estate Securities LLC grew its position in STAG Industrial by 19.8% in the third 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 acquiring an additional 175,993 shares during the period. 88.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Raymond James upped their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Royal Bank of Canada lowered their target price on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a report on Monday, January 27th. Barclays cut their price target on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company dropped their price objective on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, STAG Industrial currently has an average rating of “Moderate Buy” and a consensus target price of $40.38.

STAG Industrial Stock Down 1.0 %

Shares of NYSE:STAG opened at $33.83 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87. STAG Industrial, Inc. has a fifty-two week low of $32.27 and a fifty-two week high of $41.63. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of 34.17 and a beta of 1.09. The firm’s 50 day moving average price is $34.62 and its 200 day moving average price is $37.28.

STAG Industrial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.1242 per share. The ex-dividend date is Monday, March 31st. This represents a $1.49 annualized dividend and a dividend yield of 4.40%. STAG Industrial’s dividend payout ratio (DPR) is currently 150.51%.

About STAG Industrial

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.