Stag Industrial, Inc. (NYSE:STAG) Shares Purchased by Natixis Advisors LLC

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 boosted its holdings in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 10.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 389,428 shares of the real estate investment trust's stock after purchasing an additional 37,757 shares during the period. Natixis Advisors LLC owned about 0.21% of Stag Industrial worth $14,066,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc lifted its position 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 during 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. purchased a new stake in shares of Stag Industrial during the 1st quarter valued at $33,000. Proathlete Wealth Management LLC acquired a new position in shares of Stag Industrial in the 1st quarter valued at about $47,000. Finally, Quarry LP acquired a new position in shares of Stag Industrial during the 4th quarter worth approximately $62,000. Institutional investors and hedge funds own 88.67% of the company's stock.

Insider Transactions at Stag Industrial

In other Stag Industrial news, Director Benjamin S. Butcher sold 28,843 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $36.90, for a total value of $1,064,306.70. Following the transaction, the director directly owned 7,115 shares of the company's stock, valued at $262,543.50. This trade represents a 80.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

STAG has been the subject of several research reports. Raymond James Financial lifted their price objective on Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Royal Bank Of Canada restated a "sector perform" rating and issued a $38.00 price target on shares of Stag Industrial in a research report on Monday, May 19th. Evercore ISI upped their target price on Stag Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Finally, Robert W. Baird decreased their target price on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $38.17.

Stag Industrial Stock Performance

Shares of NYSE:STAG traded up $0.07 on Thursday, hitting $34.77. 605,635 shares of the company were exchanged, compared to its average volume of 1,507,904. The firm has a market capitalization of $6.49 billion, a P/E ratio of 27.38 and a beta of 0.91. Stag Industrial, Inc. has a 1-year low of $28.61 and a 1-year high of $40.75. The stock's 50 day moving average price is $35.99 and its 200 day moving average price is $34.96. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.86.

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

Stag Industrial Announces Dividend

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. The ex-dividend date is Thursday, July 31st. This represents a yield of 422.0%. Stag Industrial's dividend payout ratio (DPR) is 117.32%.

Stag Industrial Company Profile

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.