Loomis Sayles & Co. L P Sells 21,755 Shares of STAG Industrial, Inc. (NYSE:STAG)

Loomis Sayles & Co. L P lowered its stake in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 5.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 360,490 shares of the real estate investment trust's stock after selling 21,755 shares during the period. Loomis Sayles & Co. L P owned about 0.20% of STAG Industrial worth $14,092,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Cetera Investment Advisers increased its stake in STAG Industrial by 763.9% in the first quarter. Cetera Investment Advisers now owns 70,788 shares of the real estate investment trust's stock valued at $2,721,000 after acquiring an additional 62,594 shares during the period. Earnest Partners LLC increased its stake in STAG Industrial by 2.2% in the second quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust's stock valued at $131,727,000 after purchasing an additional 78,189 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in shares of STAG Industrial by 317.6% during the second quarter. Harbor Capital Advisors Inc. now owns 34,067 shares of the real estate investment trust's stock worth $1,228,000 after acquiring an additional 25,909 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of STAG Industrial by 314.5% during the third quarter. Los Angeles Capital Management LLC now owns 145,520 shares of the real estate investment trust's stock worth $5,688,000 after acquiring an additional 110,410 shares in the last quarter. Finally, Coppell Advisory Solutions Corp. bought a new stake in shares of STAG Industrial during the first quarter worth $710,000. Institutional investors and hedge funds own 88.67% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on STAG. Wells Fargo & Company cut their price target on shares of STAG Industrial from $41.00 to $38.00 and set an "equal weight" rating for the company in a research note on Monday, November 4th. Evercore ISI raised their price target on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 28th. Barclays decreased their target price on shares of STAG Industrial from $42.00 to $40.00 and set an "equal weight" rating on the stock in a report on Monday, October 28th. Finally, Wedbush lifted their price target on shares of STAG Industrial from $44.00 to $45.00 and gave the company an "outperform" rating in a report on Monday, August 5th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $41.13.

STAG Industrial Price Performance

Shares of STAG traded up $0.34 during midday trading on Wednesday, hitting $37.35. 742,576 shares of the company traded hands, compared to its average volume of 1,073,649. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a 50-day moving average of $37.69 and a 200-day moving average of $37.69. The firm has a market cap of $6.81 billion, a P/E ratio of 37.94 and a beta of 1.09. STAG Industrial, Inc. has a one year low of $34.09 and a one year high of $41.63.

STAG Industrial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.1233 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial's payout ratio is currently 149.49%.

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.