Van Lanschot Kempen Investment Management N.V. Has $15.19 Million Holdings in STAG Industrial, Inc. (NYSE:STAG)

Van Lanschot Kempen Investment Management N.V. boosted its holdings in STAG Industrial, Inc. (NYSE:STAG) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 421,287 shares of the real estate investment trust’s stock after acquiring an additional 6,214 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned 0.23% of STAG Industrial worth $15,192,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. J.Safra Asset Management Corp raised its holdings in shares of STAG Industrial by 708.5% in the first quarter. J.Safra Asset Management Corp now owns 663 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 581 shares during the last quarter. Spire Wealth Management increased its stake in STAG Industrial by 124.1% in the 4th quarter. Spire Wealth Management now owns 688 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 381 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in shares of STAG Industrial during the 1st quarter worth approximately $29,000. HHM Wealth Advisors LLC purchased a new position in shares of STAG Industrial in the 4th quarter worth approximately $31,000. Finally, GAMMA Investing LLC grew its holdings in shares of STAG Industrial by 56.1% in the second quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 326 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on STAG shares. Wedbush boosted their price objective on STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Barclays increased their price target on shares of STAG Industrial from $38.00 to $42.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 14th. Finally, BNP Paribas assumed coverage on shares of STAG Industrial in a research report on Tuesday, June 4th. They issued a “neutral” rating and a $39.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $40.63.

Insider Activity at STAG Industrial

In other news, Director Benjamin S. Butcher sold 34,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $40.78, for a total value of $1,386,520.00. Following the completion of the transaction, the director now directly owns 8,758 shares of the company’s stock, valued at $357,151.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Benjamin S. Butcher sold 34,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $40.78, for a total transaction of $1,386,520.00. Following the sale, the director now directly owns 8,758 shares in the company, valued at $357,151.24. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Benjamin S. Butcher sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $34.81, for a total transaction of $1,044,300.00. Following the completion of the transaction, the director now owns 8,304 shares of the company’s stock, valued at $289,062.24. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

STAG Industrial Stock Performance

NYSE:STAG traded up $0.55 on Friday, reaching $40.45. 729,013 shares of the company’s stock were exchanged, compared to its average volume of 1,104,537. The firm has a market cap of $7.37 billion, a price-to-earnings ratio of 40.45, a P/E/G ratio of 4.07 and a beta of 1.09. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.60 and a quick ratio of 1.60. The stock has a fifty day simple moving average of $38.13 and a 200-day simple moving average of $37.08. STAG Industrial, Inc. has a 52 week low of $31.69 and a 52 week high of $41.63.

STAG Industrial Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were issued a $0.1233 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This is an increase from STAG Industrial’s previous dividend of $0.12. This represents a yield of 3.63%. STAG Industrial’s dividend payout ratio (DPR) is 148.00%.

About STAG Industrial

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.