Vaughan Nelson Investment Management L.P. Buys 50,525 Shares of Stag Industrial, Inc. $STAG

Vaughan Nelson Investment Management L.P. grew its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 2.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,110,374 shares of the real estate investment trust’s stock after acquiring an additional 50,525 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Stag Industrial were worth $76,564,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. First Hawaiian Bank increased its holdings in shares of Stag Industrial by 1.5% during the first quarter. First Hawaiian Bank now owns 19,132 shares of the real estate investment trust’s stock valued at $691,000 after acquiring an additional 289 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Stag Industrial by 14.0% during the first quarter. Signaturefd LLC now owns 2,586 shares of the real estate investment trust’s stock valued at $93,000 after acquiring an additional 317 shares in the last quarter. Securian Asset Management Inc. increased its holdings in shares of Stag Industrial by 2.9% during the first quarter. Securian Asset Management Inc. now owns 14,169 shares of the real estate investment trust’s stock valued at $512,000 after acquiring an additional 395 shares in the last quarter. Aew Capital Management L P increased its holdings in Stag Industrial by 12.5% in the 1st quarter. Aew Capital Management L P now owns 3,600 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 400 shares in the last quarter. Finally, PFG Investments LLC increased its holdings in Stag Industrial by 5.4% in the 1st quarter. PFG Investments LLC now owns 8,302 shares of the real estate investment trust’s stock worth $300,000 after buying an additional 429 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

Insider Activity

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

Stag Industrial Trading Up 0.9%

Shares of NYSE:STAG opened at $36.23 on Friday. The stock 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 debt-to-equity ratio of 0.86, a quick ratio of 1.31 and a current ratio of 1.31. The stock’s 50-day simple moving average is $35.56 and its two-hundred day simple moving average is $35.11. Stag Industrial, Inc. has a 52-week low of $28.61 and a 52-week high of $39.21.

Stag Industrial (NYSE:STAG) last announced its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.63. The business had revenue of $207.44 million for the quarter, compared to analysts’ expectations of $206.37 million. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%.The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the firm posted $0.61 earnings per share. Analysts expect that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a $0.1242 dividend. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Friday, August 29th. Stag Industrial’s dividend payout ratio (DPR) is presently 117.32%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Stag Industrial in a report on Saturday, September 27th. Cantor Fitzgerald assumed coverage on Stag Industrial in a report on Wednesday. They issued a “neutral” rating and a $37.00 price objective for the company. Evercore ISI lifted their price objective on Stag Industrial from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Finally, Industrial Alliance Securities set a $37.00 price objective on Stag Industrial in a report on Wednesday. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Stag Industrial currently has a consensus rating of “Hold” and a consensus target price of $38.00.

About Stag Industrial

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.