Vaughan Nelson Investment Management L.P. Has $61.91 Million Stake in STAG Industrial, Inc. (NYSE:STAG)

Vaughan Nelson Investment Management L.P. boosted its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 4.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,830,394 shares of the real estate investment trust’s stock after buying an additional 79,762 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 1.00% of STAG Industrial worth $61,905,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Point72 DIFC Ltd bought a new position in STAG Industrial in the third quarter valued at approximately $717,000. Geode Capital Management LLC grew its holdings in STAG Industrial by 0.6% during the third quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust’s stock worth $133,077,000 after purchasing an additional 21,925 shares during the period. BNP Paribas Financial Markets raised its stake in STAG Industrial by 169.6% in the third quarter. BNP Paribas Financial Markets now owns 132,412 shares of the real estate investment trust’s stock valued at $5,176,000 after buying an additional 83,296 shares during the period. Los Angeles Capital Management LLC increased its holdings in shares of STAG Industrial by 314.5% during the 3rd 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 during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in STAG Industrial by 187.3% during the third quarter. Harbor Capital Advisors Inc. now owns 97,875 shares of the real estate investment trust’s stock worth $3,826,000 after purchasing an additional 63,808 shares during the period. Institutional investors own 88.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Royal Bank of Canada decreased 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 reduced 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 report on Tuesday, January 28th. Wells Fargo & Company decreased their target price on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Finally, Raymond James raised 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $40.38.

STAG Industrial Trading Down 0.6 %

Shares of STAG stock opened at $34.67 on Friday. The stock has a 50-day moving average of $34.42 and a 200-day moving average of $37.15. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87. The stock has a market cap of $6.32 billion, a price-to-earnings ratio of 35.02 and a beta of 1.09. STAG Industrial, Inc. has a 1-year low of $32.27 and a 1-year high of $41.63.

STAG Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.1242 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.49 annualized dividend and a yield of 4.30%. STAG Industrial’s payout ratio is 150.51%.

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.