Segall Bryant & Hamill LLC Grows Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Segall Bryant & Hamill LLC boosted its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 1.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,093,154 shares of the real estate investment trust’s stock after buying an additional 11,730 shares during the quarter. Segall Bryant & Hamill LLC owned 0.60% of STAG Industrial worth $42,731,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of STAG. Ceredex Value Advisors LLC bought a new stake in STAG Industrial during the 2nd quarter valued at $13,188,000. F M Investments LLC purchased a new position in STAG Industrial in the second quarter worth $6,534,000. Vanguard Group Inc. lifted its holdings in shares of STAG Industrial by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 26,237,263 shares of the real estate investment trust’s stock valued at $1,008,560,000 after purchasing an additional 176,332 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in STAG Industrial by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,865,673 shares of the real estate investment trust’s stock worth $103,333,000 after buying an additional 167,532 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in STAG Industrial by 7.0% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,776,042 shares of the real estate investment trust’s stock valued at $64,045,000 after buying an additional 115,480 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

STAG Industrial Price Performance

Shares of STAG opened at $36.32 on Wednesday. The business’s 50-day moving average is $38.01 and its two-hundred day moving average is $37.65. The company has a market capitalization of $6.62 billion, a P/E ratio of 36.69 and a beta of 1.09. STAG Industrial, Inc. has a fifty-two week low of $34.09 and a fifty-two week high of $41.63. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42.

STAG Industrial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.1233 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 4.07%. STAG Industrial’s dividend payout ratio (DPR) is presently 149.49%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on STAG. Evercore ISI raised their price target on STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Barclays decreased 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 report on Monday, October 28th. Wells Fargo & Company dropped their price objective on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Finally, Wedbush raised their target price on STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $41.13.

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.