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

Vaughan Nelson Investment Management L.P. lowered its stake in STAG Industrial, Inc. (NYSE:STAG) by 1.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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. owned 0.96% of STAG Industrial worth $68,432,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of STAG. UMB Bank n.a. increased its stake in shares of 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 during the period. GAMMA Investing LLC boosted its stake in shares of 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 last quarter. Resources Management Corp CT ADV grew its position in shares of STAG Industrial by 1.3% during the 2nd quarter. Resources Management Corp CT ADV now owns 29,475 shares of the real estate investment trust’s stock worth $1,063,000 after buying an additional 370 shares during the period. State of Alaska Department of Revenue lifted its holdings in STAG Industrial by 0.4% in the third quarter. State of Alaska Department of Revenue now owns 107,571 shares of the real estate investment trust’s stock valued at $4,204,000 after buying an additional 390 shares during the period. Finally, Cetera Advisors LLC boosted its stake in STAG Industrial by 1.0% in the first quarter. Cetera Advisors LLC now owns 40,380 shares of the real estate investment trust’s stock valued at $1,552,000 after acquiring an additional 409 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

STAG Industrial Price Performance

Shares of NYSE STAG opened at $36.21 on Friday. The firm has a market cap of $6.60 billion, a PE ratio of 36.58 and a beta of 1.09. The company has a fifty day moving average price of $38.14 and a 200 day moving average price of $37.61. STAG Industrial, Inc. has a 1-year low of $34.09 and a 1-year high of $41.63. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87.

STAG Industrial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.1233 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 4.09%. STAG Industrial’s dividend payout ratio is currently 149.49%.

Analyst Upgrades and Downgrades

Several brokerages have commented on STAG. Wells Fargo & Company dropped their target price 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. Evercore ISI lifted their price objective on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Barclays lowered their target price on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Finally, Wedbush lifted their price target on shares of STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $41.13.

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.