Wellington Management Group LLP Has $4.36 Million Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Wellington Management Group LLP increased its position in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 24.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 128,794 shares of the real estate investment trust's stock after purchasing an additional 25,354 shares during the period. Wellington Management Group LLP owned about 0.07% of STAG Industrial worth $4,356,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in STAG. Geode Capital Management LLC boosted its holdings in shares of STAG Industrial by 0.6% during the third quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust's stock worth $133,077,000 after purchasing an additional 21,925 shares during the period. Channing Capital Management LLC raised its holdings in shares of STAG Industrial by 7.8% during the fourth quarter. Channing Capital Management LLC now owns 2,259,638 shares of the real estate investment trust's stock worth $76,421,000 after acquiring an additional 164,284 shares in the last quarter. Norges Bank acquired a new stake in STAG Industrial during the fourth quarter valued at $75,471,000. Vaughan Nelson Investment Management L.P. grew its stake in STAG Industrial by 4.6% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,830,394 shares of the real estate investment trust's stock valued at $61,905,000 after purchasing an additional 79,762 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of STAG Industrial by 19.3% during the 4th quarter. Prudential Financial Inc. now owns 1,809,679 shares of the real estate investment trust's stock worth $61,203,000 after purchasing an additional 292,252 shares in the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several brokerages recently commented on STAG. Raymond James lowered their price target on STAG Industrial from $40.00 to $36.00 and set an "outperform" rating for the company in a research note on Monday. Royal Bank of Canada reduced their price objective on shares of STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating for the company in a research note on Monday, January 27th. Finally, Barclays cut their target price on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $39.57.

STAG Industrial Stock Performance

STAG Industrial stock traded up $0.26 on Tuesday, reaching $32.36. 1,368,138 shares of the stock were exchanged, compared to its average volume of 1,197,074. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. STAG Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $41.63. The firm has a fifty day moving average price of $34.78 and a two-hundred day moving average price of $35.47. The stock has a market cap of $6.04 billion, a PE ratio of 31.11 and a beta of 0.96.

STAG Industrial (NYSE:STAG - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. Sell-side analysts anticipate that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.1242 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.49 annualized dividend and a dividend yield of 4.61%. STAG Industrial's payout ratio is 143.27%.

Insider Buying and Selling

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total value of $1,755,000.00. Following the completion of the transaction, the director now owns 9,632 shares of the company's stock, valued at $338,083.20. This represents a 83.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by insiders.

STAG Industrial Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.