Natixis Advisors L.P. Raises Position in STAG Industrial, Inc. (NYSE:STAG)

Natixis Advisors L.P. lifted its stake in STAG Industrial, Inc. (NYSE:STAG) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. 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. owned about 0.14% of STAG Industrial worth $10,191,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Fifth Third Bancorp raised its holdings in shares of STAG Industrial by 121.3% in the third quarter. Fifth Third Bancorp now owns 905 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 496 shares during the period. HHM Wealth Advisors LLC purchased a new stake in STAG Industrial in the fourth quarter worth $31,000. Rational Advisors LLC bought a new stake in shares of STAG Industrial during the third quarter worth $42,000. Sound Income Strategies LLC lifted its position in shares of STAG Industrial by 35.5% during the fourth quarter. Sound Income Strategies LLC now owns 1,363 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 357 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of STAG Industrial by 328.9% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,642 shares of the real estate investment trust’s stock valued at $91,000 after purchasing an additional 2,026 shares during the period. Institutional investors own 88.67% of the company’s stock.

STAG Industrial Stock Performance

Shares of STAG stock opened at $34.98 on Thursday. The firm has a market cap of $6.37 billion, a price-to-earnings ratio of 34.98, a PEG ratio of 4.97 and a beta of 1.05. STAG Industrial, Inc. has a 52-week low of $31.69 and a 52-week high of $39.61. 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 is $36.67 and its 200 day moving average is $36.87.

STAG Industrial Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on STAG shares. Barclays started coverage on shares of STAG Industrial in a report on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 price objective for the company. BMO Capital Markets reiterated an “outperform” rating and issued a $42.00 price target (up previously from $41.00) on shares of STAG Industrial in a report on Monday, April 8th. Finally, Royal Bank of Canada increased their price objective on STAG Industrial from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Friday, February 16th. Six equities 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 currently has a consensus rating of “Hold” and a consensus price target of $39.13.

About STAG Industrial

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.