Van Lanschot Kempen Investment Management N.V. Has $14.57 Million Stock Holdings in Stag Industrial, Inc. $STAG

Key Points

• Van Lanschot Kempen Investment Management N.V. reduced its holdings in Stag Industrial by 10.1%, owning 403,438 shares worth approximately $14.57 million after selling 45,138 shares during the first quarter.
• Stag Industrial announced a dividend of $0.1242 per share, with a payout ratio of 117.32%, indicating a substantial return to shareholders.
• The stock price for Stag Industrial opened at $36.06 and has seen a 12-month range between $28.61 and $40.75, demonstrating significant volatility in its recent performance.

Van Lanschot Kempen Investment Management N.V. cut its holdings in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 10.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 403,438 shares of the real estate investment trust's stock after selling 45,138 shares during the period. Van Lanschot Kempen Investment Management N.V. owned about 0.22% of Stag Industrial worth $14,572,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Versant Capital Management Inc increased its holdings in Stag Industrial by 204.9% during the first quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust's stock worth $27,000 after buying an additional 506 shares during the last quarter. Tsfg LLC acquired a new position in Stag Industrial during the first quarter worth $32,000. Garde Capital Inc. acquired a new position in Stag Industrial during the first quarter worth $33,000. Avalon Trust Co acquired a new position in Stag Industrial during the first quarter worth $36,000. Finally, Keystone Global Partners LLC acquired a new position in Stag Industrial during the first quarter worth $41,000. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Stag Industrial Stock Performance

NYSE:STAG traded down $0.3730 during mid-day trading on Monday, reaching $36.3770. 199,296 shares of the company's stock were exchanged, compared to its average volume of 1,476,540. Stag Industrial, Inc. has a one year low of $28.61 and a one year high of $40.75. The firm has a market capitalization of $6.79 billion, a PE ratio of 28.66 and a beta of 0.91. The business's fifty day simple moving average is $35.70 and its two-hundred day simple moving average is $35.04. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.31 and a current ratio of 1.31.

Stag Industrial (NYSE:STAG - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 EPS for the quarter, hitting analysts' consensus estimates of $0.63. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The business had revenue of $207.44 million for the quarter, compared to analyst estimates of $206.37 million. During the same period last year, the firm earned $0.61 earnings per share. Stag Industrial's revenue for the quarter was up 9.4% compared to the same quarter last year. Analysts anticipate that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be given a dividend of $0.1242 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a yield of 429.0%. Stag Industrial's dividend payout ratio is currently 117.32%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada restated a "sector perform" rating and set a $38.00 target price on shares of Stag Industrial in a report on Monday, May 19th. Raymond James Financial upped their price objective on shares of Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Robert W. Baird decreased their price target on shares of Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Finally, Evercore ISI upped their price target on shares of Stag Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $38.17.

Insiders Place Their Bets

In related news, Director Benjamin S. Butcher sold 28,843 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the sale, the director owned 7,115 shares in the company, valued at approximately $262,543.50. This trade represents a 80.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.10% of the stock is owned by corporate insiders.

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.