Vaughan Nelson Investment Management L.P. Has $68.43 Million Stake in STAG Industrial, Inc. (NYSE:STAG)

Vaughan Nelson Investment Management L.P. cut its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,750,632 shares of the real estate investment trust’s stock after selling 25,410 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in STAG Industrial were worth $68,432,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Centerpoint Advisors LLC bought a new stake in shares of STAG Industrial during the 2nd quarter worth about $25,000. GAMMA Investing LLC boosted its stake in STAG Industrial by 56.1% in the 2nd quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 326 shares during the period. UMB Bank n.a. grew its holdings in STAG Industrial by 54.1% in the 3rd quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 306 shares in the last quarter. Wetzel Investment Advisors Inc. bought a new position in STAG Industrial during the 2nd quarter worth $38,000. Finally, Covestor Ltd lifted its holdings in shares of STAG Industrial by 237.6% during the first quarter. Covestor Ltd now owns 1,148 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 808 shares in the last quarter. 88.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

STAG has been the topic of a number of recent research reports. Barclays lowered their price target on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Evercore ISI raised their price objective on STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Wedbush increased their target price on STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, Wells Fargo & Company reduced their price objective on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $41.13.

STAG Industrial Trading Up 0.2 %

NYSE STAG opened at $36.21 on Friday. The business’s fifty day moving average is $38.14 and its 200 day moving average is $37.61. STAG Industrial, Inc. has a twelve month low of $34.09 and a twelve month high of $41.63. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87. The company has a market cap of $6.60 billion, a price-to-earnings ratio of 36.58 and a beta of 1.09.

STAG Industrial Dividend Announcement

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 $0.1233 dividend. This represents a $1.48 annualized dividend and a yield of 4.09%. The ex-dividend date is Tuesday, December 31st. STAG Industrial’s dividend payout ratio (DPR) is currently 149.49%.

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.