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

Wellington Management Group LLP lifted its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 1,140.4% in the 4th quarter, HoldingsChannel reports. 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’s holdings in STAG Industrial were worth $3,777,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of STAG. Spire Wealth Management raised its position in shares of STAG Industrial by 124.1% in the 4th quarter. Spire Wealth Management now owns 688 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 381 shares in the last quarter. HHM Wealth Advisors LLC acquired a new stake in shares of STAG Industrial during the 4th quarter worth approximately $31,000. Transcendent Capital Group LLC bought a new stake in shares of STAG Industrial in the 4th quarter valued at $43,000. Fifth Third Bancorp lifted its position in shares of STAG Industrial by 31.4% during the 4th quarter. Fifth Third Bancorp now owns 1,189 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 284 shares during the period. Finally, Sound Income Strategies LLC boosted its stake in STAG Industrial by 35.5% during the fourth quarter. Sound Income Strategies LLC now owns 1,363 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 357 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

Insiders Place Their Bets

In related news, Director Benjamin S. Butcher sold 30,000 shares of STAG Industrial stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $34.81, for a total transaction of $1,044,300.00. Following the sale, the director now directly owns 8,304 shares in the company, valued at $289,062.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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

STAG Industrial Trading Up 3.0 %

NYSE STAG opened at $36.06 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.78. The business has a fifty day simple moving average of $35.23 and a 200 day simple moving average of $36.96. STAG Industrial, Inc. has a 12 month low of $31.69 and a 12 month high of $39.61. The firm has a market capitalization of $6.57 billion, a P/E ratio of 36.06, a PEG ratio of 4.96 and a beta of 1.08.

STAG Industrial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid 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 148.00%.

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.