Loomis Sayles & Co. L P Has $11.83 Million Position in STAG Industrial, Inc. (NYSE:STAG)

Loomis Sayles & Co. L P decreased its position in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 3.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC boosted its position in shares of STAG Industrial by 145.5% in the third quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust's stock worth $271,132,000 after buying an additional 4,111,268 shares during the period. Raymond James Financial Inc. purchased a new stake in STAG Industrial in the 4th quarter worth about $57,561,000. Prudential Financial Inc. boosted its position in STAG Industrial by 19.3% during the 4th quarter. Prudential Financial Inc. now owns 1,809,679 shares of the real estate investment trust's stock worth $61,203,000 after acquiring an additional 292,252 shares during the period. JPMorgan Chase & Co. grew its stake in STAG Industrial by 33.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,004,562 shares of the real estate investment trust's stock valued at $33,974,000 after acquiring an additional 251,992 shares in the last quarter. Finally, Heitman Real Estate Securities LLC increased its holdings in shares of STAG Industrial by 19.8% in the 3rd quarter. Heitman Real Estate Securities LLC now owns 1,063,909 shares of the real estate investment trust's stock valued at $41,588,000 after purchasing an additional 175,993 shares during the period. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction that occurred on 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 transaction, the director now directly owns 9,632 shares of the company's stock, valued at $338,083.20. The trade was a 83.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on STAG shares. Raymond James raised their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Wednesday, December 11th. Barclays decreased their target price 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, Royal Bank of Canada dropped 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. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, STAG Industrial currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.38.

STAG Industrial Stock Down 0.6 %

Shares of STAG Industrial stock traded down $0.21 during midday trading on Wednesday, reaching $36.02. 1,214,517 shares of the company's stock traded hands, compared to its average volume of 1,144,261. STAG Industrial, Inc. has a 52 week low of $32.27 and a 52 week high of $41.63. The company's 50 day simple moving average is $35.24 and its 200 day simple moving average is $36.01. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market cap of $6.72 billion, a price-to-earnings ratio of 34.63 and a beta of 1.05.

STAG Industrial (NYSE:STAG - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 EPS 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%. Equities analysts expect 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. Shareholders of record on Monday, March 3rd were given a dividend of $0.1242 per share. This is a positive change 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 payout ratio is currently 143.27%.

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.