Loomis Sayles & Co. L P Has $14.09 Million Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Loomis Sayles & Co. L P decreased its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 5.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 360,490 shares of the real estate investment trust’s stock after selling 21,755 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.20% of STAG Industrial worth $14,092,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Centerpoint Advisors LLC bought a new stake in shares of STAG Industrial in the 2nd quarter valued at approximately $25,000. GAMMA Investing LLC raised its stake in shares of STAG Industrial by 56.1% in the second quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 326 shares during the last quarter. UMB Bank n.a. boosted its holdings in STAG Industrial by 54.1% in the third quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 306 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new position in shares of STAG Industrial in the 2nd quarter valued at about $38,000. Finally, Blue Trust Inc. grew its holdings in STAG Industrial by 1,728.4% during the 2nd quarter. Blue Trust Inc. now owns 1,353 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 1,279 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

STAG Industrial Trading Down 0.4 %

STAG opened at $37.01 on Wednesday. The firm has a market capitalization of $6.74 billion, a price-to-earnings ratio of 37.38 and a beta of 1.09. The company’s 50 day moving average price is $37.75 and its two-hundred day moving average price is $37.68. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. STAG Industrial, Inc. has a fifty-two week low of $34.09 and a fifty-two week high of $41.63.

STAG Industrial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.1233 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 4.00%. STAG Industrial’s dividend payout ratio is 149.49%.

Analysts Set New Price Targets

STAG has been the topic of several analyst reports. Barclays cut 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. Wells Fargo & Company lowered their price objective on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Wedbush lifted their price target on STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, Evercore ISI increased their target price on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $41.13.

STAG Industrial Company 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.