Natixis Advisors LLC Has $12.59 Million Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Natixis Advisors LLC lowered its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 0.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 349,204 shares of the real estate investment trust’s stock after selling 3,317 shares during the period. Natixis Advisors LLC owned about 0.19% of STAG Industrial worth $12,593,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. J.Safra Asset Management Corp increased its holdings in STAG Industrial by 708.5% in the 1st quarter. J.Safra Asset Management Corp now owns 663 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 581 shares in the last quarter. Centerpoint Advisors LLC acquired a new position in STAG Industrial in the 2nd quarter worth about $25,000. Spire Wealth Management increased its holdings in STAG Industrial by 124.1% in the 4th quarter. Spire Wealth Management now owns 688 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 381 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in STAG Industrial in the 1st quarter worth about $29,000. Finally, GAMMA Investing LLC increased its holdings in STAG Industrial by 56.1% in the 2nd quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 326 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on STAG shares. Barclays upped their target price on STAG Industrial from $38.00 to $42.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 14th. Wedbush increased their price target on STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Evercore ISI increased their price target on STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. BNP Paribas started coverage on STAG Industrial in a research note on Tuesday, June 4th. They issued a “neutral” rating and a $39.00 price target for the company. Finally, Wells Fargo & Company increased their price target on STAG Industrial from $37.00 to $41.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, STAG Industrial currently has an average rating of “Hold” and a consensus target price of $41.22.

STAG Industrial Stock Down 0.5 %

Shares of STAG Industrial stock opened at $40.11 on Thursday. STAG Industrial, Inc. has a one year low of $31.69 and a one year high of $41.63. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.60 and a quick ratio of 1.60. The stock’s 50-day moving average is $38.91 and its 200 day moving average is $37.21. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 40.11, a PEG ratio of 4.20 and a beta of 1.09.

STAG Industrial Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were given a dividend of $0.1233 per share. This is a positive change from STAG Industrial’s previous dividend of $0.12. The ex-dividend date was Wednesday, July 31st. This represents a dividend yield of 3.63%. STAG Industrial’s dividend payout ratio is presently 148.00%.

Insider Activity at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 34,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $40.78, for a total value of $1,386,520.00. Following the transaction, the director now owns 8,758 shares in the company, valued at $357,151.24. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by corporate insiders.

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.