STAG Industrial, Inc. (NYSE:STAG) Position Increased by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. raised its position in STAG Industrial, Inc. (NYSE:STAG) by 7.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,776,042 shares of the real estate investment trust’s stock after purchasing an additional 115,480 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.98% of STAG Industrial worth $64,045,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of STAG. New York State Teachers Retirement System grew its position in STAG Industrial by 5.3% in the fourth quarter. New York State Teachers Retirement System now owns 38,605 shares of the real estate investment trust’s stock worth $1,516,000 after acquiring an additional 1,936 shares in the last quarter. International Assets Investment Management LLC increased its position in STAG Industrial by 3,860.5% during the fourth quarter. International Assets Investment Management LLC now owns 114,816 shares of the real estate investment trust’s stock worth $4,508,000 after buying an additional 111,917 shares during the last quarter. Cerity Partners LLC bought a new position in STAG Industrial during the fourth quarter valued at about $330,000. Louisiana State Employees Retirement System bought a new position in STAG Industrial during the fourth quarter valued at about $2,002,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of STAG Industrial by 5.9% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 211,849 shares of the real estate investment trust’s stock worth $8,317,000 after buying an additional 11,870 shares during the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wedbush lifted their price target on shares of STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Barclays lifted their target price on shares of STAG Industrial from $38.00 to $42.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, BNP Paribas started coverage on shares of STAG Industrial in a report on Tuesday, June 4th. They set a “neutral” rating and a $39.00 price target for the company. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, STAG Industrial currently has an average rating of “Hold” and an average price target of $40.63.

Insiders Place Their Bets

In related news, Director Benjamin S. Butcher sold 30,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $34.81, for a total transaction of $1,044,300.00. Following the completion of the sale, the director now directly owns 8,304 shares of the company’s stock, valued at approximately $289,062.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Benjamin S. Butcher sold 34,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $40.78, for a total transaction of $1,386,520.00. Following the transaction, the director now directly owns 8,758 shares in the company, valued at $357,151.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Benjamin S. Butcher sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $34.81, for a total transaction of $1,044,300.00. Following the completion of the sale, the director now directly owns 8,304 shares of the company’s stock, valued at approximately $289,062.24. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

STAG Industrial Price Performance

NYSE STAG traded down $0.28 on Friday, reaching $39.34. The company’s stock had a trading volume of 759,298 shares, compared to its average volume of 1,057,618. The firm has a market cap of $7.16 billion, a PE ratio of 39.34, a price-to-earnings-growth ratio of 4.08 and a beta of 1.09. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.82. STAG Industrial, Inc. has a 52 week low of $31.69 and a 52 week high of $41.63. The business has a 50-day moving average price of $37.65 and a 200 day moving average price of $36.99.

STAG Industrial Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were issued a dividend of $0.1233 per share. This is an increase from STAG Industrial’s previous dividend of $0.12. This represents a yield of 3.63%. The ex-dividend date of this dividend was Wednesday, July 31st. STAG Industrial’s dividend payout ratio (DPR) is currently 148.00%.

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.