Vaughan Nelson Investment Management L.P. Acquires 229,455 Shares of Stag Industrial, Inc. (NYSE:STAG)

Vaughan Nelson Investment Management L.P. grew its position in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 12.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,059,849 shares of the real estate investment trust's stock after buying an additional 229,455 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 1.10% of Stag Industrial worth $74,401,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of STAG. Oregon Public Employees Retirement Fund raised its position in Stag Industrial by 0.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,131 shares of the real estate investment trust's stock worth $1,256,000 after acquiring an additional 300 shares during the period. Synovus Financial Corp increased its stake in shares of Stag Industrial by 1.8% during the 4th quarter. Synovus Financial Corp now owns 21,695 shares of the real estate investment trust's stock worth $734,000 after purchasing an additional 377 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Stag Industrial by 6.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 6,773 shares of the real estate investment trust's stock worth $229,000 after purchasing an additional 387 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Stag Industrial by 2.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 15,808 shares of the real estate investment trust's stock worth $535,000 after purchasing an additional 394 shares during the period. Finally, Integrated Advisors Network LLC lifted its stake in Stag Industrial by 3.5% in the fourth quarter. Integrated Advisors Network LLC now owns 11,673 shares of the real estate investment trust's stock valued at $395,000 after purchasing an additional 398 shares during the last quarter. Hedge funds and other institutional investors own 88.67% of the company's stock.

Wall Street Analyst Weigh In

STAG has been the subject of a number of recent research reports. Royal Bank Of Canada reissued a "sector perform" rating and issued a $38.00 target price on shares of Stag Industrial in a research report on Monday, May 19th. Raymond James Financial increased their price target on Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, Robert W. Baird lowered their price objective on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $39.71.

Insider Transactions at Stag Industrial

In other news, Director Benjamin S. Butcher sold 28,843 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the completion of the transaction, the director now directly owns 7,115 shares in the company, valued at $262,543.50. The trade was a 80.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.10% of the company's stock.

Stag Industrial Stock Performance

Shares of NYSE:STAG traded up $0.29 during trading on Wednesday, hitting $36.41. 562,120 shares of the company were exchanged, compared to its average volume of 1,269,151. Stag Industrial, Inc. has a 52-week low of $28.61 and a 52-week high of $41.63. The stock has a 50 day moving average of $34.40 and a 200 day moving average of $34.61. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market cap of $6.79 billion, a PE ratio of 27.38 and a beta of 0.94.

Stag Industrial (NYSE:STAG - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.01. Stag Industrial had a return on equity of 7.04% and a net margin of 31.05%. The business had revenue of $205.57 million for the quarter, compared to analysts' expectations of $202.04 million. During the same quarter in the prior year, the firm posted $0.59 EPS. The firm's quarterly revenue was up 9.7% on a year-over-year basis. As a group, equities research analysts predict that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Announces Dividend

The business also recently declared a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.1242 per share. This represents a dividend yield of 4.37%. The ex-dividend date of this dividend was Friday, May 30th. Stag Industrial's dividend payout ratio is presently 112.03%.

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.