Natixis Advisors LLC Buys 130,494 Shares of Stag Industrial, Inc. $STAG

Natixis Advisors LLC boosted its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 23.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 691,037 shares of the real estate investment trust’s stock after buying an additional 130,494 shares during the quarter. Natixis Advisors LLC’s holdings in Stag Industrial were worth $25,403,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in STAG. AXQ Capital LP bought a new position in shares of Stag Industrial during the fourth quarter worth about $237,000. Root Financial Partners LLC boosted its holdings in Stag Industrial by 32.9% in the fourth quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 397 shares during the last quarter. Peapack Gladstone Financial Corp boosted its holdings in Stag Industrial by 2.3% in the fourth quarter. Peapack Gladstone Financial Corp now owns 72,433 shares of the real estate investment trust’s stock valued at $2,662,000 after acquiring an additional 1,636 shares during the last quarter. Lasalle Investment Management Securities LLC acquired a new stake in Stag Industrial during the 4th quarter valued at approximately $243,000. Finally, Nomura Asset Management Co. Ltd. increased its position in Stag Industrial by 4.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 287,985 shares of the real estate investment trust’s stock valued at $10,586,000 after purchasing an additional 11,166 shares during the period. Institutional investors own 88.67% of the company’s stock.

Stag Industrial Trading Up 1.3%

Shares of STAG stock opened at $36.98 on Friday. Stag Industrial, Inc. has a fifty-two week low of $33.72 and a fifty-two week high of $39.99. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a 50 day simple moving average of $37.94 and a two-hundred day simple moving average of $38.03. The company has a market cap of $7.07 billion, a P/E ratio of 28.67 and a beta of 0.98.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.09. The firm had revenue of $224.21 million for the quarter, compared to analysts’ expectations of $221.52 million. Stag Industrial had a return on equity of 6.80% and a net margin of 28.25%.The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 EPS. Research analysts forecast that Stag Industrial, Inc. will post 2.63 earnings per share for the current year.

Stag Industrial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.3875 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.55 annualized dividend and a yield of 4.2%. Stag Industrial’s dividend payout ratio is currently 120.16%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on STAG. Evercore restated an “outperform” rating and issued a $44.00 price target on shares of Stag Industrial in a research report on Wednesday, April 29th. Weiss Ratings cut shares of Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Wells Fargo & Company lowered their target price on shares of Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday. Wall Street Zen upgraded shares of Stag Industrial from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Finally, JPMorgan Chase & Co. upped their price target on shares of Stag Industrial from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Stag Industrial presently has an average rating of “Hold” and an average target price of $40.00.

Stag Industrial Profile

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.