Russell Investments Group Ltd. Has $12.07 Million Stake in Stag Industrial, Inc. $STAG

Russell Investments Group Ltd. cut its position in Stag Industrial, Inc. (NYSE:STAG) by 36.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 334,230 shares of the real estate investment trust’s stock after selling 190,730 shares during the quarter. Russell Investments Group Ltd. owned 0.18% of Stag Industrial worth $12,072,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Stag Industrial by 1.3% in the first quarter. Vanguard Group Inc. now owns 26,178,628 shares of the real estate investment trust’s stock valued at $945,572,000 after acquiring an additional 347,729 shares during the last quarter. Earnest Partners LLC boosted its stake in shares of Stag Industrial by 6.6% in the 4th quarter. Earnest Partners LLC now owns 3,795,425 shares of the real estate investment trust’s stock valued at $128,361,000 after purchasing an additional 235,622 shares during the last quarter. Nuveen Asset Management LLC increased its position in shares of Stag Industrial by 5.9% during the fourth quarter. Nuveen Asset Management LLC now owns 3,679,641 shares of the real estate investment trust’s stock worth $124,445,000 after buying an additional 204,948 shares during the period. Nuveen LLC acquired a new stake in shares of Stag Industrial during the first quarter worth $129,972,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Stag Industrial by 2.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,212,192 shares of the real estate investment trust’s stock worth $116,024,000 after buying an additional 87,659 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

Insiders Place Their Bets

In other news, Director Benjamin S. Butcher sold 28,843 shares of Stag Industrial stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the completion of the transaction, the director directly owned 7,115 shares in the company, valued at $262,543.50. This trade represents a 80.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on STAG shares. Robert W. Baird cut their price target on shares of Stag Industrial from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Raymond James Financial boosted their price objective on Stag Industrial from $36.00 to $38.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $38.00 target price on shares of Stag Industrial in a research note on Monday, May 19th. Finally, Evercore ISI lifted their target price on Stag Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Stag Industrial currently has a consensus rating of “Hold” and an average price target of $38.17.

Stag Industrial Stock Performance

Shares of STAG opened at $34.74 on Monday. Stag Industrial, Inc. has a one year low of $28.61 and a one year high of $40.75. The company has a market cap of $6.49 billion, a PE ratio of 27.35 and a beta of 0.91. The stock has a 50-day moving average of $35.80 and a 200-day moving average of $34.99. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.63 EPS for the quarter, meeting analysts’ consensus estimates of $0.63. The firm had revenue of $207.44 million during the quarter, compared to analysts’ expectations of $206.37 million. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.61 earnings per share. On average, equities research analysts predict that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a dividend of $0.1242 per share. The ex-dividend date was Thursday, July 31st. This represents a yield of 422.0%. Stag Industrial’s dividend payout ratio is presently 117.32%.

About Stag Industrial

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.