Wellington Management Group LLP Boosts Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Wellington Management Group LLP lifted its holdings in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 24.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 0.07% of STAG Industrial worth $4,356,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in STAG. Quarry LP acquired a new position in shares of STAG Industrial during the 4th quarter valued at $62,000. Principal Securities Inc. raised its holdings in STAG Industrial by 20.7% during the fourth quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust's stock worth $101,000 after buying an additional 510 shares during the last quarter. Aew Capital Management L P increased its position in shares of STAG Industrial by 52.4% during the fourth quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust's stock worth $108,000 after acquiring an additional 1,100 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of STAG Industrial in the 4th quarter worth about $109,000. Finally, GF Fund Management CO. LTD. bought a new position in STAG Industrial in the 4th quarter valued at about $112,000. Institutional investors and hedge funds own 88.67% of the company's stock.

STAG Industrial Price Performance

Shares of NYSE STAG traded up $0.70 during trading hours on Friday, reaching $36.86. 3,461,073 shares of the stock traded hands, compared to its average volume of 1,257,002. The company's 50-day simple moving average is $33.81 and its two-hundred day simple moving average is $34.63. The company has a market capitalization of $6.88 billion, a P/E ratio of 35.44 and a beta of 0.94. STAG Industrial, Inc. has a 52-week low of $28.61 and a 52-week high of $41.63. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86.

STAG Industrial (NYSE:STAG - Get Free Report) last released its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. The company had revenue of $205.57 million for the quarter, compared to analyst estimates of $202.04 million. During the same quarter last year, the firm earned $0.59 EPS. The firm's quarterly revenue was up 9.7% compared to the same quarter last year. Equities research analysts forecast that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $0.1242 dividend. This represents a dividend yield of 4.37%. The ex-dividend date is Friday, May 30th. STAG Industrial's payout ratio is 112.03%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on STAG shares. Robert W. Baird reduced their target price on shares of STAG Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Royal Bank of Canada restated a "sector perform" rating and set a $38.00 price target on shares of STAG Industrial in a research report on Monday, May 19th. Finally, Raymond James boosted their target price on shares of STAG Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $39.71.

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.