Russell Investments Group Ltd. Raises Position in STAG Industrial, Inc. (NYSE:STAG)

Russell Investments Group Ltd. lifted its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 274.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,078,879 shares of the real estate investment trust’s stock after buying an additional 790,794 shares during the quarter. Russell Investments Group Ltd. owned 0.59% of STAG Industrial worth $42,392,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of STAG. Fifth Third Bancorp lifted its holdings in STAG Industrial by 121.3% in the 3rd quarter. Fifth Third Bancorp now owns 905 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 496 shares in the last quarter. Rational Advisors LLC acquired a new position in shares of STAG Industrial in the third quarter worth about $42,000. Sound Income Strategies LLC boosted its holdings in STAG Industrial by 35.5% in the fourth quarter. Sound Income Strategies LLC now owns 1,363 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 357 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in STAG Industrial by 328.9% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,642 shares of the real estate investment trust’s stock valued at $91,000 after purchasing an additional 2,026 shares in the last quarter. Finally, CWM LLC increased its holdings in STAG Industrial by 17.6% during the 4th quarter. CWM LLC now owns 2,438 shares of the real estate investment trust’s stock worth $96,000 after purchasing an additional 365 shares during the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

STAG has been the subject of a number of recent analyst reports. Barclays assumed coverage on shares of STAG Industrial in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 price target for the company. BMO Capital Markets reissued an “outperform” rating and issued a $42.00 target price (up previously from $41.00) on shares of STAG Industrial in a research report on Monday, April 8th. Royal Bank of Canada upped their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, February 16th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $41.00 price target (up from $38.00) on shares of STAG Industrial in a research note on Friday, January 5th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, STAG Industrial has a consensus rating of “Hold” and a consensus price target of $39.13.

STAG Industrial Trading Up 0.5 %

NYSE STAG opened at $34.66 on Tuesday. The firm has a market capitalization of $6.30 billion, a PE ratio of 32.09, a price-to-earnings-growth ratio of 4.87 and a beta of 1.02. STAG Industrial, Inc. has a one year low of $31.69 and a one year high of $39.61. The company has a 50-day simple moving average of $37.11 and a 200-day simple moving average of $36.83. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.79 and a current ratio of 1.79.

STAG Industrial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.1233 per share. This represents a $1.48 annualized dividend and a dividend yield of 4.27%. The ex-dividend date is Friday, June 28th. STAG Industrial’s dividend payout ratio (DPR) is presently 137.04%.

About STAG Industrial

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.