Vaughan Nelson Investment Management L.P. Raises Holdings in STAG Industrial, Inc. (NYSE:STAG)

Vaughan Nelson Investment Management L.P. raised its position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,450,892 shares of the real estate investment trust's stock after buying an additional 58,090 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.80% of STAG Industrial worth $56,962,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cetera Advisor Networks LLC increased its holdings in shares of STAG Industrial by 15.0% during the first quarter. Cetera Advisor Networks LLC now owns 9,087 shares of the real estate investment trust's stock valued at $376,000 after acquiring an additional 1,188 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of STAG Industrial by 5.3% during the first quarter. Great West Life Assurance Co. Can now owns 152,981 shares of the real estate investment trust's stock valued at $6,569,000 after acquiring an additional 7,714 shares in the last quarter. Sei Investments Co. increased its holdings in shares of STAG Industrial by 4.4% during the first quarter. Sei Investments Co. now owns 171,667 shares of the real estate investment trust's stock valued at $7,142,000 after acquiring an additional 7,227 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of STAG Industrial by 10.2% during the first quarter. Allianz Asset Management GmbH now owns 111,680 shares of the real estate investment trust's stock valued at $4,618,000 after acquiring an additional 10,365 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of STAG Industrial by 23.0% during the first quarter. Cetera Investment Advisers now owns 6,204 shares of the real estate investment trust's stock valued at $257,000 after acquiring an additional 1,161 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on STAG shares. Royal Bank of Canada raised their price target on STAG Industrial from $39.00 to $40.00 and gave the company a "sector perform" rating in a report on Friday, February 16th. Barclays started coverage on STAG Industrial in a report on Wednesday, March 27th. They set an "equal weight" rating and a $40.00 price target for the company. Finally, Robert W. Baird restated a "neutral" rating and set a $41.00 price target (up from $38.00) on shares of STAG Industrial in a report on Friday, January 5th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $38.71.

STAG Industrial Stock Performance

NYSE STAG traded up $0.31 during trading hours on Friday, hitting $37.51. The company's stock had a trading volume of 653,610 shares, compared to its average volume of 1,048,020. STAG Industrial, Inc. has a 12 month low of $31.69 and a 12 month high of $39.61. The company's 50 day simple moving average is $37.74 and its two-hundred day simple moving average is $36.66. The company has a market cap of $6.82 billion, a P/E ratio of 34.73, a price-to-earnings-growth ratio of 5.24 and a beta of 1.02. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.79 and a quick ratio of 1.79.

STAG Industrial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.1233 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.95%. STAG Industrial's dividend payout ratio is currently 137.04%.

About STAG Industrial

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.