Dimensional Fund Advisors LP Has $103.33 Million Stake in STAG Industrial, Inc. (NYSE:STAG)

Dimensional Fund Advisors LP increased its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 6.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,865,673 shares of the real estate investment trust’s stock after purchasing an additional 167,532 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.57% of STAG Industrial worth $103,333,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in STAG. Vanguard Group Inc. increased its stake in shares of STAG Industrial by 0.7% in the first quarter. Vanguard Group Inc. now owns 26,237,263 shares of the real estate investment trust’s stock worth $1,008,560,000 after acquiring an additional 176,332 shares during the last quarter. Boston Trust Walden Corp grew its stake in STAG Industrial by 1.0% in the second quarter. Boston Trust Walden Corp now owns 2,552,752 shares of the real estate investment trust’s stock valued at $92,052,000 after purchasing an additional 25,779 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in STAG Industrial by 7.0% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,776,042 shares of the real estate investment trust’s stock worth $64,045,000 after purchasing an additional 115,480 shares during the last quarter. Scout Investments Inc. raised its stake in shares of STAG Industrial by 6.3% during the 1st quarter. Scout Investments Inc. now owns 1,452,639 shares of the real estate investment trust’s stock worth $54,677,000 after purchasing an additional 85,488 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of STAG Industrial by 89.5% during the 1st quarter. Daiwa Securities Group Inc. now owns 1,268,181 shares of the real estate investment trust’s stock valued at $48,749,000 after buying an additional 598,788 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

STAG Industrial Trading Up 0.2 %

Shares of NYSE:STAG opened at $39.52 on Wednesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.60 and a current ratio of 1.60. The stock’s 50-day moving average is $39.80 and its 200-day moving average is $37.38. The company has a market cap of $7.20 billion, a P/E ratio of 39.52, a P/E/G ratio of 4.15 and a beta of 1.09. STAG Industrial, Inc. has a 52-week low of $31.69 and a 52-week high of $41.63.

STAG Industrial Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were issued a $0.1233 dividend. The ex-dividend date was Wednesday, July 31st. This represents a yield of 3.63%. This is a positive change from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s dividend payout ratio (DPR) is 148.00%.

Insiders Place Their Bets

In other news, Director Benjamin S. Butcher sold 34,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $40.78, for a total value of $1,386,520.00. Following the sale, the director now owns 8,758 shares in the company, valued at $357,151.24. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Barclays raised 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 report on Wednesday, August 14th. Evercore ISI raised their price target on shares of STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Wells Fargo & Company upped their price objective on shares of STAG Industrial from $37.00 to $41.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. BNP Paribas initiated coverage on STAG Industrial in a report on Tuesday, June 4th. They set a “neutral” rating and a $39.00 target price on the stock. Finally, Wedbush upped their price target on STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, STAG Industrial presently has a consensus rating of “Hold” and a consensus target price of $41.22.

STAG Industrial Company 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.