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

Key Points

• Natixis Advisors LLC has increased its stake in Stag Industrial, Inc. (NYSE:STAG) by 10.7% during the 1st quarter, owning now nearly 389,428 shares valued at approximately $14.07 million.
• Stag Industrial reported $0.63 earnings per share for the last quarter, meeting analysts' expectations, with a 9.4% year-over-year revenue increase to $207.44 million.
• The company declared a dividend of $0.1242 per share, payable on August 15th, which results in a high yield of 422.0% and reflects a dividend payout ratio of 117.32%.

Natixis Advisors LLC increased its position in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 10.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 389,428 shares of the real estate investment trust's stock after buying an additional 37,757 shares during the period. Natixis Advisors LLC owned about 0.21% of Stag Industrial worth $14,066,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc lifted its holdings in Stag Industrial by 204.9% during the first quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 506 shares in the last quarter. Tsfg LLC purchased a new position in Stag Industrial in the 1st quarter valued at about $32,000. Garde Capital Inc. purchased a new stake in Stag Industrial during the 1st quarter worth approximately $33,000. Proathlete Wealth Management LLC acquired a new position in shares of Stag Industrial during the first quarter valued at approximately $47,000. Finally, Quarry LP purchased a new position in shares of Stag Industrial in the fourth quarter valued at approximately $62,000. 88.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Raymond James Financial raised their target price on shares of Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Royal Bank Of Canada reissued a "sector perform" rating and set a $38.00 price objective on shares of Stag Industrial in a research note on Monday, May 19th. Robert W. Baird cut their target price on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Finally, Evercore ISI boosted their price target on shares of Stag Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Stag Industrial currently has an average rating of "Hold" and an average price target of $39.14.

Insiders Place Their Bets

In other Stag Industrial news, Director Benjamin S. Butcher sold 28,843 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the completion of the sale, the director directly owned 7,115 shares in the company, valued at $262,543.50. This represents a 80.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by company insiders.

Stag Industrial Stock Up 0.9%

Shares of STAG stock traded up $0.31 on Tuesday, hitting $35.18. The stock had a trading volume of 1,671,609 shares, compared to its average volume of 1,540,114. Stag Industrial, Inc. has a 52-week low of $28.61 and a 52-week high of $40.75. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 27.70 and a beta of 0.91. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.31 and a current ratio of 1.31. The stock's 50 day moving average is $36.00 and its 200-day moving average is $34.96.

Stag Industrial (NYSE:STAG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.63. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The firm had revenue of $207.44 million during the quarter, compared to analyst estimates of $206.37 million. During the same period in the previous year, the business posted $0.61 EPS. Stag Industrial's revenue was up 9.4% on a year-over-year basis. As a group, research analysts expect that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a dividend of $0.1242 per share. This represents a yield of 422.0%. The ex-dividend date is Thursday, July 31st. Stag Industrial's dividend payout ratio (DPR) is 117.32%.

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.