Loomis Sayles & Co. L P Sells 10,778 Shares of STAG Industrial, Inc. (NYSE:STAG)

Loomis Sayles & Co. L P trimmed its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 349,712 shares of the real estate investment trust’s stock after selling 10,778 shares during the period. Loomis Sayles & Co. L P owned about 0.19% of STAG Industrial worth $11,827,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC bought a new position in shares of STAG Industrial during the fourth quarter valued at approximately $43,000. Hilltop National Bank grew its position in STAG Industrial by 19.2% in the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock valued at $76,000 after acquiring an additional 362 shares during the last quarter. Principal Securities Inc. increased its stake in STAG Industrial by 20.7% in the fourth quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 510 shares during the period. Aew Capital Management L P lifted its position in shares of STAG Industrial by 52.4% during the fourth quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in shares of STAG Industrial during the fourth quarter valued at $109,000. 88.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on STAG. Royal Bank of Canada reduced their price target on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Monday, January 27th. Barclays decreased their price target on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 28th. Finally, Raymond James increased their price objective on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.38.

STAG Industrial Stock Up 0.4 %

STAG Industrial stock opened at $35.58 on Friday. STAG Industrial, Inc. has a twelve month low of $32.27 and a twelve month high of $41.63. The business has a fifty day moving average of $35.17 and a two-hundred day moving average of $36.08. The firm has a market cap of $6.64 billion, a P/E ratio of 34.21 and a beta of 1.05. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86.

STAG Industrial (NYSE:STAG) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. On average, analysts forecast that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Increases Dividend

The company also recently announced a dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.1242 per share. This is a boost from STAG Industrial’s previous dividend of $0.12. The ex-dividend date was Friday, February 28th. This represents a yield of 4.25%. STAG Industrial’s dividend payout ratio is presently 143.27%.

Insider Buying and Selling at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total value of $1,755,000.00. Following the completion of the sale, the director now owns 9,632 shares of the company’s stock, valued at approximately $338,083.20. This trade represents a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by insiders.

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.