Vaughan Nelson Investment Management L.P. Sells 1,551,099 Shares of Stag Industrial, Inc. $STAG

Vaughan Nelson Investment Management L.P. lessened its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 88.8% in the first quarter, HoldingsChannel.com reports. The firm owned 195,340 shares of the real estate investment trust’s stock after selling 1,551,099 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Stag Industrial were worth $7,044,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in STAG. Norges Bank acquired a new position in shares of Stag Industrial in the 4th quarter worth approximately $295,644,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Stag Industrial by 434,005.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,098,286 shares of the real estate investment trust’s stock worth $40,373,000 after buying an additional 1,098,033 shares during the last quarter. Heitman Real Estate Securities LLC bought a new position in Stag Industrial during the fourth quarter worth $33,558,000. Mackenzie Financial Corp acquired a new position in Stag Industrial in the fourth quarter valued at $25,459,000. Finally, Balyasny Asset Management L.P. lifted its holdings in Stag Industrial by 1,818.4% in the third quarter. Balyasny Asset Management L.P. now owns 570,931 shares of the real estate investment trust’s stock valued at $20,148,000 after buying an additional 541,170 shares during the period. Institutional investors own 88.67% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Weiss Ratings downgraded Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Raymond James Financial began coverage on Stag Industrial in a research note on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 price objective on the stock. Barclays decreased their target price on Stag Industrial from $39.00 to $38.00 and set an “underweight” rating for the company in a research note on Tuesday, May 5th. Evercore reissued an “outperform” rating and issued a $44.00 price target on shares of Stag Industrial in a research note on Wednesday, April 29th. Finally, Wells Fargo & Company cut their price target on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $40.40.

Stag Industrial Trading Up 2.1%

STAG opened at $38.59 on Tuesday. Stag Industrial, Inc. has a 1-year low of $33.72 and a 1-year high of $39.99. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.87. The company has a market cap of $7.38 billion, a P/E ratio of 29.92 and a beta of 0.98. The company has a fifty day moving average price of $38.27 and a two-hundred day moving average price of $37.95.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.09. The firm had revenue of $224.21 million for the quarter, compared to analyst estimates of $221.51 million. Stag Industrial had a net margin of 28.25% and a return on equity of 6.80%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 earnings per share. Analysts predict that Stag Industrial, Inc. will post 2.64 EPS for the current fiscal year.

Stag Industrial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.3875 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.55 annualized dividend and a yield of 4.0%. Stag Industrial’s dividend payout ratio is presently 120.16%.

Stag Industrial 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.