Vaughan Nelson Investment Management L.P. Sells 275,805 Shares of Stag Industrial, Inc. $STAG

Vaughan Nelson Investment Management L.P. lowered its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 13.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,834,569 shares of the real estate investment trust’s stock after selling 275,805 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.98% of Stag Industrial worth $64,742,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Baird Financial Group Inc. boosted its holdings in Stag Industrial by 89.3% in the 1st quarter. Baird Financial Group Inc. now owns 14,186 shares of the real estate investment trust’s stock valued at $512,000 after purchasing an additional 6,691 shares during the period. Royal Bank of Canada raised its position in shares of Stag Industrial by 0.5% in the first quarter. Royal Bank of Canada now owns 436,144 shares of the real estate investment trust’s stock valued at $15,753,000 after buying an additional 1,959 shares in the last quarter. Amundi boosted its stake in shares of Stag Industrial by 6.2% in the first quarter. Amundi now owns 107,276 shares of the real estate investment trust’s stock valued at $3,669,000 after buying an additional 6,239 shares during the period. AQR Capital Management LLC grew its position in Stag Industrial by 70.0% during the first quarter. AQR Capital Management LLC now owns 350,708 shares of the real estate investment trust’s stock worth $12,633,000 after buying an additional 144,368 shares in the last quarter. Finally, Millennium Management LLC grew its position in Stag Industrial by 69.7% during the first quarter. Millennium Management LLC now owns 575,217 shares of the real estate investment trust’s stock worth $20,777,000 after buying an additional 236,257 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Stag Industrial

In other news, EVP Michael Chase sold 13,144 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $38.75, for a total transaction of $509,330.00. Following the completion of the transaction, the executive vice president directly owned 9,422 shares in the company, valued at approximately $365,102.50. This represents a 58.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Stag Industrial Stock Performance

NYSE:STAG opened at $37.31 on Wednesday. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $39.73. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.89. The stock’s 50-day simple moving average is $38.18 and its 200 day simple moving average is $36.82. The firm has a market capitalization of $6.97 billion, a PE ratio of 28.70 and a beta of 1.06.

Stag Industrial (NYSE:STAG) last posted its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The firm had revenue of $211.12 million during the quarter, compared to analysts’ expectations of $210.26 million. Stag Industrial had a net margin of 29.24% and a return on equity of 6.84%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 earnings per share. On average, analysts anticipate that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a $0.1242 dividend. The ex-dividend date is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 4.0%. Stag Industrial’s dividend payout ratio (DPR) is currently 114.62%.

Analyst Upgrades and Downgrades

STAG has been the subject of a number of recent analyst reports. Royal Bank Of Canada upped their target price on Stag Industrial from $38.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday, November 6th. Wall Street Zen downgraded Stag Industrial from a “hold” rating to a “sell” rating in a research note on Saturday. Wells Fargo & Company increased their price objective on shares of Stag Industrial from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Monday, November 10th. Robert W. Baird raised their target price on shares of Stag Industrial from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Finally, Citigroup upped their price target on shares of Stag Industrial from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Stag Industrial presently has an average rating of “Hold” and an average target price of $38.89.

Stag Industrial Company 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.