Wellington Management Group LLP Buys 205,385 Shares of Stag Industrial, Inc. $STAG

Wellington Management Group LLP boosted its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 137.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 354,394 shares of the real estate investment trust’s stock after buying an additional 205,385 shares during the quarter. Wellington Management Group LLP owned approximately 0.18% of Stag Industrial worth $13,488,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its position in Stag Industrial by 22.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,583 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 285 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Stag Industrial by 1.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 30,515 shares of the real estate investment trust’s stock valued at $1,122,000 after buying an additional 367 shares during the period. First National Trust Co lifted its holdings in shares of Stag Industrial by 1.7% during the 4th quarter. First National Trust Co now owns 23,166 shares of the real estate investment trust’s stock valued at $852,000 after buying an additional 388 shares during the period. Root Financial Partners LLC boosted its stake in shares of Stag Industrial by 32.9% in the 4th quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 397 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in shares of Stag Industrial by 1.4% in the first quarter. Gamco Investors INC. ET AL now owns 30,042 shares of the real estate investment trust’s stock worth $1,083,000 after acquiring an additional 402 shares during the period. Institutional investors own 88.67% of the company’s stock.

Stag Industrial Price Performance

STAG stock opened at $37.68 on Tuesday. Stag Industrial, Inc. has a twelve month low of $34.40 and a twelve month high of $42.61. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.93. The stock has a market cap of $7.27 billion, a P/E ratio of 28.98 and a beta of 0.95. The business’s 50-day moving average price is $38.41 and its 200-day moving average price is $38.23.

Stag Industrial (NYSE:STAG) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.37). Stag Industrial had a return on equity of 6.79% and a net margin of 28.04%.The firm had revenue of $224.37 million during the quarter, compared to analysts’ expectations of $223.04 million. During the same period in the prior year, the company posted $0.63 earnings per share. The company’s revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts forecast that Stag Industrial, Inc. will post 2.63 EPS for the current year.

Stag Industrial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.3875 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.1%. Stag Industrial’s dividend payout ratio is 119.23%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on STAG shares. Barclays raised their target price on Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, July 16th. Robert W. Baird raised shares of Stag Industrial from a “neutral” rating to an “outperform” rating and set a $42.00 price target for the company in a research report on Monday, August 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stag Industrial in a research note on Friday, July 31st. Wells Fargo & Company dropped their price objective on shares of Stag Industrial from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 1st. Finally, Raymond James Financial initiated coverage on shares of Stag Industrial in a research report on Wednesday, June 17th. They set an “outperform” rating and a $44.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Stag Industrial presently has an average rating of “Hold” and a consensus price target of $40.70.

Stag Industrial Company 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.