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

Wellington Management Group LLP increased its holdings in shares of Stag Industrial, Inc. (NYSE:STAG) by 137.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 354,394 shares of the real estate investment trust’s stock after acquiring an additional 205,385 shares during the period. Wellington Management Group LLP’s holdings in Stag Industrial were worth $13,488,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its position in shares of Stag Industrial by 22.0% during the first quarter. EverSource Wealth Advisors LLC now owns 1,583 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 285 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in Stag Industrial by 1.2% in 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 acquiring an additional 367 shares during the last quarter. First National Trust Co increased its holdings in Stag Industrial by 1.7% in 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 acquiring an additional 388 shares during the last quarter. Root Financial Partners LLC lifted its stake in 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 purchasing an additional 397 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in Stag Industrial by 1.4% in the 1st quarter. Gamco Investors INC. ET AL now owns 30,042 shares of the real estate investment trust’s stock worth $1,083,000 after purchasing an additional 402 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

Stag Industrial Price Performance

Shares of STAG opened at $37.68 on Tuesday. The business has a fifty day moving average of $38.41 and a 200 day moving average of $38.23. The company has a market cap of $7.27 billion, a PE ratio of 28.98 and a beta of 0.95. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.93. Stag Industrial, Inc. has a 52-week low of $34.40 and a 52-week high of $42.61.

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

Stag Industrial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Wednesday, September 30th. Stag Industrial’s payout ratio is 119.23%.

Wall Street Analyst Weigh In

STAG has been the subject of several research reports. Wells Fargo & Company dropped their price objective on shares of Stag Industrial from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Tuesday, September 1st. Raymond James Financial assumed coverage on Stag Industrial in a research report on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 target price on the stock. Barclays increased their price target on Stag Industrial from $38.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday, July 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stag Industrial in a research note on Friday, July 31st. Finally, Wall Street Zen raised Stag Industrial from a “sell” rating to a “hold” rating in a report on Saturday. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Stag Industrial currently has an average rating of “Hold” and a consensus target price of $40.70.

About Stag Industrial

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.