Natixis Advisors LLC Reduces Holdings in Stag Industrial, Inc. $STAG

Natixis Advisors LLC lessened its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 4.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 560,543 shares of the real estate investment trust’s stock after selling 29,166 shares during the quarter. Natixis Advisors LLC owned about 0.30% of Stag Industrial worth $19,781,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Stag Industrial in the second quarter worth approximately $282,893,000. Goldman Sachs Group Inc. raised its position in Stag Industrial by 37.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust’s stock valued at $60,391,000 after purchasing an additional 451,355 shares during the period. Prudential Financial Inc. lifted its stake in shares of Stag Industrial by 57.0% in the 2nd quarter. Prudential Financial Inc. now owns 1,147,243 shares of the real estate investment trust’s stock valued at $41,622,000 after purchasing an additional 416,415 shares during the last quarter. Hudson Bay Capital Management LP lifted its stake in shares of Stag Industrial by 120.0% in the 2nd quarter. Hudson Bay Capital Management LP now owns 747,958 shares of the real estate investment trust’s stock valued at $27,136,000 after purchasing an additional 407,910 shares during the last quarter. Finally, Frontier Capital Management Co. LLC grew its holdings in shares of Stag Industrial by 24.3% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,588,429 shares of the real estate investment trust’s stock worth $57,628,000 after purchasing an additional 310,580 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Stag Industrial Stock Performance

Shares of Stag Industrial stock opened at $38.29 on Thursday. The business has a 50-day simple moving average of $38.13 and a 200-day simple moving average of $37.64. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.90 and a current ratio of 1.90. Stag Industrial, Inc. has a one year low of $28.61 and a one year high of $39.98. The company has a market cap of $7.32 billion, a PE ratio of 26.23 and a beta of 1.04.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. Stag Industrial had a net margin of 32.35% and a return on equity of 7.68%. The company had revenue of $220.90 million during the quarter, compared to the consensus estimate of $213.66 million. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. On average, equities research analysts forecast that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, March 31st. Stag Industrial’s payout ratio is 102.05%.

Insider Transactions at Stag Industrial

In related news, Director Virgis Colbert sold 18,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $38.08, for a total transaction of $685,440.00. Following the completion of the transaction, the director owned 4,210 shares in the company, valued at approximately $160,316.80. The trade was a 81.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Matts Pinard sold 25,242 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $39.18, for a total value of $988,981.56. Following the completion of the transaction, the executive vice president directly owned 951 shares in the company, valued at $37,260.18. This trade represents a 96.37% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 136,974 shares of company stock valued at $5,345,904. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

STAG has been the subject of a number of recent analyst reports. iA Financial set a $39.00 price objective on Stag Industrial in a research report on Tuesday, January 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stag Industrial in a research note on Monday, December 22nd. Evercore reiterated an “outperform” rating on shares of Stag Industrial in a research report on Friday, February 13th. Wall Street Zen upgraded shares of Stag Industrial from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Barclays reaffirmed an “underweight” rating and set a $39.00 price objective (down from $40.00) on shares of Stag Industrial in a research report on Tuesday, January 13th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $39.50.

Stag Industrial Company Profile

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.