Vaughan Nelson Investment Management L.P. Sells 88,130 Shares of Stag Industrial, Inc. $STAG

Key Points

• Vaughan Nelson sold 88,130 shares of Stag Industrial in Q4, trimming its stake by 4.8% to 1,746,439 shares (about 0.94% of the company), valued at roughly $64.2 million.
• Company insiders sold 136,974 shares totaling about $5.35 million in the last three months — including EVP Matts Pinard (25,242 shares) and CEO William R. Crooker (93,732 shares) on Feb. 23 — leaving insiders with 1.10% ownership.
• Stag beat quarterly EPS estimates ($0.66 vs. $0.63) and revenue rose 10.8% to $220.9M; the company announced a $0.3875 quarterly dividend (annual $1.55, ~4.3% yield) and the consensus analyst rating is a Hold with a $39.50 target.

Vaughan Nelson Investment Management L.P. decreased its holdings in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,746,439 shares of the real estate investment trust's stock after selling 88,130 shares during the period. Vaughan Nelson Investment Management L.P. owned 0.94% of Stag Industrial worth $64,199,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Stag Industrial during the second quarter worth approximately $282,893,000. Balyasny Asset Management L.P. lifted its stake in shares of Stag Industrial by 1,818.4% in the 3rd quarter. Balyasny Asset Management L.P. now owns 570,931 shares of the real estate investment trust's stock valued at $20,148,000 after purchasing an additional 541,170 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Stag Industrial by 37.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust's stock worth $60,391,000 after purchasing an additional 451,355 shares during the period. Hudson Bay Capital Management LP increased its position in shares of Stag Industrial by 120.0% during the 2nd quarter. Hudson Bay Capital Management LP now owns 747,958 shares of the real estate investment trust's stock valued at $27,136,000 after purchasing an additional 407,910 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC raised its holdings in Stag Industrial by 10.7% during the 3rd quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,911,540 shares of the real estate investment trust's stock valued at $138,038,000 after buying an additional 377,952 shares during the period. Hedge funds and other institutional investors own 88.67% of the company's stock.

Insider Buying and Selling at Stag Industrial

In other news, EVP Matts Pinard sold 25,242 shares of Stag Industrial stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $39.18, for a total transaction of $988,981.56. Following the completion of the sale, the executive vice president owned 951 shares of the company's stock, valued at approximately $37,260.18. The trade was a 96.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William R. Crooker sold 93,732 shares of the business's stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $39.17, for a total value of $3,671,482.44. The SEC filing for this sale provides additional information. Insiders sold a total of 136,974 shares of company stock valued at $5,345,904 in the last three months. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on STAG. JPMorgan Chase & Co. raised their price target on Stag Industrial from $39.00 to $40.00 and gave the stock a "neutral" rating in a research report on Thursday, February 19th. Barclays reissued an "underweight" rating and issued a $39.00 target price (down from $40.00) on shares of Stag Industrial in a research note on Tuesday, January 13th. Wall Street Zen raised shares of Stag Industrial from a "sell" rating to a "hold" rating in a research note on Saturday, February 7th. Robert W. Baird set a $40.00 price target on shares of Stag Industrial in a report on Tuesday, February 17th. Finally, iA Financial set a $39.00 price objective on shares of Stag Industrial in a research report on Tuesday, January 13th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Stag Industrial has a consensus rating of "Hold" and a consensus target price of $39.50.

Stag Industrial Stock Performance

Shares of Stag Industrial stock opened at $36.05 on Tuesday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.89. The stock's fifty day moving average is $38.03 and its two-hundred day moving average is $37.71. Stag Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $39.98. The company has a market capitalization of $6.89 billion, a PE ratio of 24.69 and a beta of 1.04.

Stag Industrial (NYSE:STAG - Get Free Report) last released its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.03. The business had revenue of $220.90 million during the quarter, compared to the consensus estimate of $213.66 million. Stag Industrial had a return on equity of 7.68% and a net margin of 32.35%.The business's revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the company earned $0.61 earnings per share. As a group, analysts expect that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $0.3875 dividend. This represents a $1.55 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, March 31st. Stag Industrial's payout ratio is 102.05%.

Stag Industrial Profile

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company's portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.

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