Vaughan Nelson Investment Management L.P. Purchases 79,762 Shares of STAG Industrial, Inc. (NYSE:STAG)

Vaughan Nelson Investment Management L.P. boosted its holdings in STAG Industrial, Inc. (NYSE:STAG) by 4.6% during the 4th quarter, Holdings Channel reports. The firm owned 1,830,394 shares of the real estate investment trust’s stock after acquiring an additional 79,762 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in STAG Industrial were worth $61,905,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. UMB Bank n.a. grew its position in STAG Industrial by 54.1% during the third 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. Sugar Maple Asset Management LLC purchased a new position in STAG Industrial in the fourth quarter valued at about $43,000. Coastline Trust Co bought a new position in shares of STAG Industrial during the 3rd quarter valued at approximately $55,000. GAMMA Investing LLC increased its stake in shares of STAG Industrial by 72.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 659 shares during the last quarter. Finally, Hilltop National Bank raised its holdings in shares of STAG Industrial by 19.2% in the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 362 shares during the period. Institutional investors own 88.67% of the company’s stock.

STAG Industrial Stock Down 0.6 %

Shares of NYSE:STAG opened at $34.67 on Friday. The firm has a fifty day moving average of $34.42 and a 200 day moving average of $37.15. STAG Industrial, Inc. has a 52-week low of $32.27 and a 52-week high of $41.63. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market capitalization of $6.32 billion, a PE ratio of 35.02 and a beta of 1.09.

STAG Industrial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.1242 per share. This represents a $1.49 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend is Monday, March 31st. STAG Industrial’s payout ratio is currently 150.51%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Royal Bank of Canada reduced their price objective on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a report on Monday, January 27th. Barclays cut 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. Raymond James raised their price objective 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. Finally, Wells Fargo & Company dropped their target price on 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. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $40.38.

STAG Industrial 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.