Loomis Sayles & Co. L P Lowers Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Loomis Sayles & Co. L P trimmed its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 5.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 360,490 shares of the real estate investment trust’s stock after selling 21,755 shares during the period. Loomis Sayles & Co. L P’s holdings in STAG Industrial were worth $14,092,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Centerpoint Advisors LLC purchased a new stake in STAG Industrial in the second quarter worth $25,000. GAMMA Investing LLC grew its holdings in STAG Industrial by 56.1% in the second quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 326 shares during the period. UMB Bank n.a. increased its position in STAG Industrial by 54.1% during the 3rd quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 306 shares in the last quarter. Wetzel Investment Advisors Inc. bought a new position in shares of STAG Industrial during the second quarter valued at $38,000. Finally, Blue Trust Inc. grew its holdings in shares of STAG Industrial by 1,728.4% during the second quarter. Blue Trust Inc. now owns 1,353 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 1,279 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors.

STAG Industrial Trading Down 0.4 %

Shares of STAG stock opened at $37.01 on Wednesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a 50 day simple moving average of $37.75 and a 200-day simple moving average of $37.68. The company has a market cap of $6.74 billion, a price-to-earnings ratio of 37.38 and a beta of 1.09. STAG Industrial, Inc. has a 1-year low of $34.09 and a 1-year 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 dividend of $0.1233 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 4.00%. STAG Industrial’s payout ratio is 149.49%.

Analyst Ratings Changes

A number of equities research analysts have commented on STAG shares. Wells Fargo & Company cut their target price on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Wedbush raised their price objective on shares of STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Barclays cut their price objective on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. Finally, Evercore ISI increased their target price on STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $41.13.

STAG Industrial Company Profile

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.