Natixis Advisors LLC Purchases 37,757 Shares of Stag Industrial, Inc. (NYSE:STAG)

Natixis Advisors LLC grew its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 10.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 389,428 shares of the real estate investment trust’s stock after purchasing an additional 37,757 shares during the quarter. Natixis Advisors LLC owned about 0.21% of Stag Industrial worth $14,066,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in STAG. Versant Capital Management Inc boosted its holdings in shares of Stag Industrial by 204.9% during the 1st quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 506 shares in the last quarter. Tsfg LLC bought a new position in shares of Stag Industrial during the 1st quarter worth approximately $32,000. Garde Capital Inc. bought a new position in shares of Stag Industrial during the 1st quarter worth approximately $33,000. Proathlete Wealth Management LLC bought a new position in shares of Stag Industrial during the 1st quarter worth approximately $47,000. Finally, Quarry LP bought a new position in shares of Stag Industrial during the 4th quarter worth approximately $62,000. Institutional investors own 88.67% of the company’s stock.

Stag Industrial Price Performance

Shares of NYSE:STAG opened at $34.40 on Monday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $40.95. The stock’s 50 day moving average is $35.99 and its 200-day moving average is $34.95. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of 27.09 and a beta of 0.91.

Stag Industrial (NYSE:STAG) last issued its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.63. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%. The company had revenue of $207.44 million for the quarter, compared to analyst estimates of $206.37 million. During the same period in the prior year, the firm earned $0.61 earnings per share. Stag Industrial’s revenue for the quarter was up 9.4% on a year-over-year basis. Sell-side analysts forecast that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a $0.1242 dividend. This represents a yield of 422.0%. The ex-dividend date of this dividend is Thursday, July 31st. Stag Industrial’s dividend payout ratio is presently 117.32%.

Insider Buying and Selling

In related news, Director Benjamin S. Butcher sold 28,843 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $36.90, for a total value of $1,064,306.70. Following the completion of the sale, the director directly owned 7,115 shares of the company’s stock, valued at approximately $262,543.50. This represents a 80.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

STAG has been the topic of a number of research analyst reports. Royal Bank Of Canada restated a “sector perform” rating and set a $38.00 price target on shares of Stag Industrial in a report on Monday, May 19th. Evercore ISI 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, July 30th. Robert W. Baird cut their price target on Stag Industrial from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Finally, Raymond James Financial increased their price target on Stag Industrial from $36.00 to $38.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $39.14.

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.