Natixis Advisors L.P. Buys 5,167 Shares of STAG Industrial, Inc. (NYSE:STAG)

Natixis Advisors L.P. increased its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 259,595 shares of the real estate investment trust’s stock after purchasing an additional 5,167 shares during the quarter. Natixis Advisors L.P.’s holdings in STAG Industrial were worth $10,191,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James & Associates lifted its position in shares of STAG Industrial by 0.7% during the 3rd quarter. Raymond James & Associates now owns 243,077 shares of the real estate investment trust’s stock valued at $8,389,000 after acquiring an additional 1,755 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in STAG Industrial by 1.5% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 90,891 shares of the real estate investment trust’s stock valued at $3,137,000 after purchasing an additional 1,374 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of STAG Industrial by 3.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,444,172 shares of the real estate investment trust’s stock valued at $84,348,000 after purchasing an additional 76,407 shares in the last quarter. Brown Advisory Inc. boosted its stake in shares of STAG Industrial by 35.3% in the 3rd quarter. Brown Advisory Inc. now owns 24,903 shares of the real estate investment trust’s stock valued at $859,000 after purchasing an additional 6,496 shares in the last quarter. Finally, New York State Teachers Retirement System increased its holdings in shares of STAG Industrial by 8.4% during the third quarter. New York State Teachers Retirement System now owns 36,669 shares of the real estate investment trust’s stock worth $1,265,000 after buying an additional 2,839 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on STAG. BMO Capital Markets reissued an “outperform” rating and set a $42.00 target price (up previously from $41.00) on shares of STAG Industrial in a research report on Monday, April 8th. Royal Bank of Canada raised their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, February 16th. Finally, Barclays began coverage on STAG Industrial in a research note on Wednesday, March 27th. They issued an “equal weight” rating and a $40.00 target price for the company. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $39.13.

STAG Industrial Price Performance

STAG Industrial stock opened at $34.98 on Thursday. The stock has a market cap of $6.37 billion, a P/E ratio of 34.98, a P/E/G ratio of 4.97 and a beta of 1.05. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.78. The company’s 50 day moving average price is $36.67 and its two-hundred day moving average price is $36.87. STAG Industrial, Inc. has a 52 week low of $31.69 and a 52 week high of $39.61.

STAG Industrial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.1233 per share. This represents a $1.48 annualized dividend and a dividend yield of 4.23%. The ex-dividend date is Friday, June 28th. STAG Industrial’s dividend payout ratio is presently 148.00%.

STAG Industrial 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.