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

Vaughan Nelson Investment Management L.P. increased its holdings in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 7.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 0.98% of STAG Industrial worth $64,045,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Norges Bank purchased a new position in STAG Industrial in the 4th quarter valued at about $69,990,000. Cohen & Steers Inc. raised its holdings in shares of STAG Industrial by 944.0% during the fourth quarter. Cohen & Steers Inc. now owns 1,121,330 shares of the real estate investment trust's stock valued at $44,023,000 after acquiring an additional 1,013,926 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of STAG Industrial by 22.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,248,373 shares of the real estate investment trust's stock valued at $206,051,000 after acquiring an additional 961,420 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of STAG Industrial by 274.5% in the fourth quarter. Russell Investments Group Ltd. now owns 1,078,879 shares of the real estate investment trust's stock worth $42,392,000 after acquiring an additional 790,794 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of STAG Industrial by 89.5% during the first quarter. Daiwa Securities Group Inc. now owns 1,268,181 shares of the real estate investment trust's stock worth $48,749,000 after purchasing an additional 598,788 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on STAG shares. Wedbush lifted their target price on shares of STAG Industrial from $44.00 to $45.00 and gave the stock an "outperform" rating in a research note on Monday, August 5th. BNP Paribas started coverage on shares of STAG Industrial in a research report on Tuesday, June 4th. They set a "neutral" rating and a $39.00 price target on the stock. Finally, Barclays upped their price objective on shares of STAG Industrial from $38.00 to $42.00 and gave the company an "equal weight" rating in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $40.63.

STAG Industrial Trading Down 0.7 %

STAG traded down $0.28 during mid-day trading on Friday, hitting $39.34. 759,298 shares of the stock were exchanged, compared to its average volume of 1,057,618. The company has a market cap of $7.16 billion, a PE ratio of 39.34, a PEG 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. The firm's fifty day moving average is $37.65 and its two-hundred day moving average is $36.99. STAG Industrial, Inc. has a 1-year low of $31.69 and a 1-year high of $41.63.

STAG Industrial Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were paid 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 is presently 148.00%.

Insider Buying and Selling

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

STAG Industrial Profile

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.