Natixis Advisors LLC Sells 6,630 Shares of STAG Industrial, Inc. (NYSE:STAG)

Natixis Advisors LLC decreased its stake in STAG Industrial, Inc. (NYSE:STAG) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 351,671 shares of the real estate investment trust’s stock after selling 6,630 shares during the period. Natixis Advisors LLC owned 0.19% of STAG Industrial worth $11,893,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. FMR LLC increased its position in STAG Industrial by 145.5% during 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 during the period. Raymond James Financial Inc. bought a new stake in shares of STAG Industrial in the 4th quarter valued at $57,561,000. Bank of Montreal Can increased its position in shares of STAG Industrial by 330.5% during the third 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 period. Westfield Capital Management Co. LP raised its stake in STAG Industrial by 36.0% during the third 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 buying an additional 442,618 shares during the last quarter. Finally, 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 buying an additional 227,629 shares during the period. 88.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Benjamin S. Butcher sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the transaction, the director now directly owns 9,632 shares of the company’s stock, valued at $338,083.20. This trade represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

STAG has been the subject of a number of recent analyst reports. Raymond James increased their price target on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Barclays decreased their target price on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada dropped their price target 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. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, STAG Industrial has an average rating of “Moderate Buy” and a consensus price target of $40.38.

STAG Industrial Stock Down 0.1 %

Shares of NYSE:STAG opened at $35.44 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36. STAG Industrial, Inc. has a 52-week low of $32.27 and a 52-week high of $41.63. The business’s 50 day simple moving average is $34.97 and its two-hundred day simple moving average is $36.32. The firm has a market cap of $6.61 billion, a P/E ratio of 34.07 and a beta of 1.05.

STAG Industrial (NYSE:STAG) last issued its earnings results 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%. As a group, research analysts forecast that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Increases Dividend

The business also recently declared a dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.1242 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a yield of 4.25%. This is an increase from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s payout ratio is 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.