STAG Industrial, Inc. (NYSE:STAG) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 27.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 137,022 shares of the real estate investment trust's stock after buying an additional 29,571 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.08% of STAG Industrial worth $4,634,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in STAG. FMR LLC raised its stake in shares of STAG Industrial by 145.5% in the 3rd quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust's stock valued at $271,132,000 after purchasing an additional 4,111,268 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in STAG Industrial during the fourth quarter valued at approximately $57,561,000. Bank of Montreal Can lifted its holdings in 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 worth $52,823,000 after buying an additional 1,033,485 shares during the last quarter. Westfield Capital Management Co. LP grew its position 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 acquiring an additional 442,618 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of STAG Industrial by 7.7% in the 3rd 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.

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Insider Buying and Selling

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total value of $1,755,000.00. Following the completion of the sale, the director now directly owns 9,632 shares in the company, valued at $338,083.20. This represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on STAG shares. Royal Bank of Canada reduced their price objective on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a research note on Monday, January 27th. Raymond James lifted their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Finally, Barclays lowered their price objective on shares of STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $40.38.

STAG Industrial Stock Performance

STAG Industrial stock traded down $0.40 during midday trading on Tuesday, reaching $35.42. 1,223,401 shares of the stock traded hands, compared to its average volume of 1,063,881. STAG Industrial, Inc. has a fifty-two week low of $32.27 and a fifty-two week high of $41.63. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. The firm has a market cap of $6.61 billion, a price-to-earnings ratio of 34.05 and a beta of 1.05. The firm has a fifty day moving average price of $34.88 and a two-hundred day moving average price of $36.36.

STAG Industrial (NYSE:STAG - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. On average, equities research analysts forecast that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.1242 per share. This is a boost from STAG Industrial's previous dividend of $0.12. This represents a dividend yield of 4.25%. The ex-dividend date was Friday, February 28th. STAG Industrial's payout ratio is currently 143.27%.

STAG Industrial 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.