Vaughan Nelson Investment Management L.P. Raises Stake in Stag Industrial, Inc. $STAG

Key Points

• Vaughan Nelson Investment Management L.P. increased its stake in Stag Industrial, Inc. by 2.5%, owning 2,110,374 shares valued at approximately $76.56 million after acquiring an additional 50,525 shares.
• Several institutional investors, including Versant Capital Management Inc. and Avalon Trust Co, also increased their holdings or established new stakes in Stag Industrial, indicating strong interest in the company.
• Stag Industrial reported a quarterly earnings per share of $0.63, meeting analysts' expectations, with a 9.4% year-over-year increase in revenue to $207.44 million.

Vaughan Nelson Investment Management L.P. boosted its position in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 2.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,110,374 shares of the real estate investment trust's stock after buying an additional 50,525 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 1.13% of Stag Industrial worth $76,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Versant Capital Management Inc boosted its stake in shares of Stag Industrial by 204.9% during the first quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 506 shares during the period. Tsfg LLC purchased a new stake in shares of Stag Industrial during the first quarter valued at approximately $32,000. Garde Capital Inc. purchased a new stake in shares of Stag Industrial during the first quarter valued at approximately $33,000. Avalon Trust Co purchased a new stake in shares of Stag Industrial during the first quarter valued at approximately $36,000. Finally, Keystone Global Partners LLC purchased a new stake in shares of Stag Industrial during the first quarter valued at approximately $41,000. Hedge funds and other institutional investors own 88.67% of the company's stock.

Insider Transactions at Stag Industrial

In other news, Director Benjamin S. Butcher sold 25,000 shares of the company's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $36.91, for a total value of $922,750.00. Following the sale, the director directly owned 7,562 shares of the company's stock, valued at $279,113.42. This represents a 76.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Larry T. Guillemette sold 2,004 shares of the company's stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $35.20, for a total transaction of $70,540.80. Following the completion of the sale, the director directly owned 38,666 shares in the company, valued at $1,361,043.20. This represents a 4.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Stag Industrial Stock Performance

Shares of STAG stock opened at $36.23 on Friday. The stock has a fifty day moving average of $35.56 and a 200 day moving average of $35.11. Stag Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $39.21. The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of 28.52 and a beta of 0.92. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.86.

Stag Industrial (NYSE:STAG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.63. The business had revenue of $207.44 million during the quarter, compared to the consensus estimate of $206.37 million. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%.The firm's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 earnings per share. As a group, research analysts expect that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a $0.1242 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. Stag Industrial's dividend payout ratio is currently 117.32%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on STAG shares. Evercore ISI increased their price objective on Stag Industrial from $40.00 to $41.00 and gave the company an "outperform" rating in a research note on Monday, September 15th. Weiss Ratings reissued a "hold (c+)" rating on shares of Stag Industrial in a research note on Saturday, September 27th. Cantor Fitzgerald assumed coverage on Stag Industrial in a research note on Wednesday. They issued a "neutral" rating and a $37.00 price target for the company. Finally, Industrial Alliance Securities set a $37.00 price target on Stag Industrial in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $38.00.

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.

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