Wellington Management Group LLP Has $3.78 Million Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Wellington Management Group LLP grew its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 1,140.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,209 shares of the real estate investment trust’s stock after purchasing an additional 88,453 shares during the quarter. Wellington Management Group LLP owned about 0.05% of STAG Industrial worth $3,777,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Acadian Asset Management LLC bought a new stake in shares of STAG Industrial during the 3rd quarter worth about $268,000. LPL Financial LLC lifted its holdings in STAG Industrial by 8.6% in the 3rd quarter. LPL Financial LLC now owns 98,377 shares of the real estate investment trust’s stock worth $3,395,000 after purchasing an additional 7,795 shares during the last quarter. Mariner LLC grew its holdings in STAG Industrial by 1.0% during the third quarter. Mariner LLC now owns 33,229 shares of the real estate investment trust’s stock valued at $1,147,000 after purchasing an additional 339 shares during the last quarter. Treasurer of the State of North Carolina raised its position in shares of STAG Industrial by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 78,860 shares of the real estate investment trust’s stock valued at $2,721,000 after purchasing an additional 400 shares during the period. Finally, Synovus Financial Corp lifted its stake in shares of STAG Industrial by 9.2% in the third quarter. Synovus Financial Corp now owns 14,838 shares of the real estate investment trust’s stock worth $512,000 after buying an additional 1,253 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors.

STAG Industrial Trading Up 3.0 %

STAG Industrial stock opened at $36.06 on Friday. The business has a 50 day moving average price of $35.23 and a two-hundred day moving average price of $36.96. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.78. STAG Industrial, Inc. has a 12 month low of $31.69 and a 12 month high of $39.61. The stock has a market cap of $6.57 billion, a price-to-earnings ratio of 36.06, a price-to-earnings-growth ratio of 4.96 and a beta of 1.08.

STAG Industrial Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a $0.1233 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.48 annualized dividend and a yield of 4.10%. STAG Industrial’s dividend payout ratio (DPR) is currently 148.00%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on STAG shares. BNP Paribas started coverage on shares of STAG Industrial in a research note on Tuesday, June 4th. They issued a “neutral” rating and a $39.00 target price on the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a $42.00 price target (up from $41.00) on shares of STAG Industrial in a research report on Monday, April 8th. Finally, Barclays cut their price objective on STAG Industrial from $40.00 to $39.00 and set an “equal weight” rating for the company in a research report on Friday, May 24th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, STAG Industrial has an average rating of “Hold” and an average target price of $39.00.

Insiders Place Their Bets

In other news, Director Benjamin S. Butcher sold 30,000 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $34.81, for a total value of $1,044,300.00. Following the completion of the transaction, the director now owns 8,304 shares in the company, valued at approximately $289,062.24. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.10% of the company’s stock.

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.