Natixis Takes Position in STAG Industrial, Inc. (NYSE:STAG)

Natixis acquired a new position in shares of STAG Industrial, Inc. (NYSE:STAG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 36,665 shares of the real estate investment trust’s stock, valued at approximately $1,240,000.

A number of other institutional investors have also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund boosted its holdings in shares of STAG Industrial by 0.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,131 shares of the real estate investment trust’s stock worth $1,256,000 after purchasing an additional 300 shares during the period. Values First Advisors Inc. lifted its position in STAG Industrial by 2.2% in the 4th quarter. Values First Advisors Inc. now owns 14,562 shares of the real estate investment trust’s stock worth $492,000 after buying an additional 307 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of STAG Industrial by 3.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 12,025 shares of the real estate investment trust’s stock valued at $407,000 after buying an additional 347 shares during the period. Peak Financial Advisors LLC grew its holdings in shares of STAG Industrial by 3.0% during the 4th quarter. Peak Financial Advisors LLC now owns 12,415 shares of the real estate investment trust’s stock valued at $420,000 after acquiring an additional 356 shares in the last quarter. Finally, Hilltop National Bank increased its stake in shares of STAG Industrial by 19.2% in the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock worth $76,000 after acquiring an additional 362 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at STAG Industrial

In related news, Director Benjamin S. Butcher sold 50,000 shares of the business’s stock in a transaction on 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 owns 9,632 shares of the company’s stock, valued at approximately $338,083.20. The trade was a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

STAG Industrial Stock Up 1.5 %

STAG opened at $32.57 on Wednesday. The firm has a market cap of $6.08 billion, a P/E ratio of 31.32 and a beta of 0.96. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36. The business has a 50 day moving average price of $34.50 and a 200 day moving average price of $35.25. STAG Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $41.63.

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

STAG Industrial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $0.1242 dividend. This represents a $1.49 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend is Monday, June 30th. STAG Industrial’s dividend payout ratio is currently 143.27%.

Analysts Set New Price Targets

STAG has been the topic of a number of recent research reports. Raymond James lowered their target price on STAG Industrial from $40.00 to $36.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Royal Bank of Canada dropped their price objective on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a report on Monday, January 27th. Finally, Barclays cut their price objective on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, STAG Industrial currently has an average rating of “Hold” and a consensus price target of $39.57.

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.