Vaughan Nelson Investment Management L.P. decreased its position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 1.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,750,632 shares of the real estate investment trust's stock after selling 25,410 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 0.96% of STAG Industrial worth $68,432,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Centerpoint Advisors LLC purchased a new position in shares of STAG Industrial during the 2nd quarter valued at about $25,000. GAMMA Investing LLC raised its stake in shares of STAG Industrial by 56.1% during the second quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 326 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of STAG Industrial by 54.1% in the 3rd quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 306 shares during the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in shares of STAG Industrial in the 2nd quarter valued at $38,000. Finally, Covestor Ltd grew its holdings in shares of STAG Industrial by 237.6% during the 1st quarter. Covestor Ltd now owns 1,148 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 808 shares during the last quarter. Institutional investors own 88.67% of the company's stock.
Analysts Set New Price Targets
STAG has been the subject of several recent research reports. Barclays lowered their price target on shares of STAG Industrial from $42.00 to $40.00 and set an "equal weight" rating for the company in a research note on Monday, October 28th. Wedbush increased their price objective on STAG Industrial from $44.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, August 5th. Evercore ISI raised their target price on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an "outperform" rating in a report on Wednesday, August 28th. Finally, Wells Fargo & Company lowered their price target on shares of STAG Industrial from $41.00 to $38.00 and set an "equal weight" rating for the company in a report on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, STAG Industrial has a consensus rating of "Hold" and an average target price of $41.13.
Read Our Latest Analysis on STAG Industrial
STAG Industrial Trading Up 0.2 %
NYSE:STAG traded up $0.08 during trading hours on Friday, hitting $36.21. The company had a trading volume of 1,038,096 shares, compared to its average volume of 1,079,583. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. STAG Industrial, Inc. has a 52 week low of $34.09 and a 52 week high of $41.63. The company has a market capitalization of $6.60 billion, a PE ratio of 36.58 and a beta of 1.09. The stock has a 50-day moving average price of $38.14 and a 200 day moving average price of $37.61.
STAG Industrial Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.1233 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 4.09%. STAG Industrial's payout ratio is 149.49%.
STAG Industrial Profile
(
Free Report)
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.
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