Russell Investments Group Ltd. Sells 190,730 Shares of Stag Industrial, Inc. $STAG

Key Points

• Russell Investments Group Ltd. reduced its stake in Stag Industrial by 36.3% in the first quarter, now holding 334,230 shares valued at approximately $12.07 million.
• Several other institutional investors, including Vanguard Group Inc., increased their positions, with Vanguard alone owning over 26 million shares valued at nearly $946 million.
• Stag Industrial's latest earnings report indicated a net margin of 29.14% and revenue growth of 9.4% year-over-year, aligning closely with analyst expectations for $0.63 EPS.

Russell Investments Group Ltd. reduced its position in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 36.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 approximately 0.18% of Stag Industrial worth $12,072,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC lifted its position in shares of Stag Industrial by 16.1% during the 4th quarter. Renaissance Technologies LLC now owns 187,100 shares of the real estate investment trust's stock valued at $6,328,000 after acquiring an additional 25,900 shares during the period. Sterling Capital Management LLC lifted its position in shares of Stag Industrial by 56.7% during the 4th quarter. Sterling Capital Management LLC now owns 10,811 shares of the real estate investment trust's stock valued at $366,000 after acquiring an additional 3,914 shares during the period. Townsquare Capital LLC acquired a new position in shares of Stag Industrial during the 4th quarter valued at $263,000. Jump Financial LLC acquired a new position in shares of Stag Industrial during the 4th quarter valued at $376,000. Finally, NewEdge Advisors LLC lifted its position in shares of Stag Industrial by 24.7% during the 4th quarter. NewEdge Advisors LLC now owns 8,461 shares of the real estate investment trust's stock valued at $286,000 after acquiring an additional 1,676 shares during the period. 88.67% of the stock is owned by institutional investors.

Stag Industrial Stock Performance

STAG traded up $1.2710 during trading on Friday, hitting $36.8510. 316,459 shares of the company traded hands, compared to its average volume of 1,479,726. The firm has a market cap of $6.88 billion, a P/E ratio of 29.06 and a beta of 0.91. The stock's fifty day moving average is $35.70 and its 200 day moving average is $35.02. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. Stag Industrial, Inc. has a one year low of $28.61 and a one year high of $40.75.

Stag Industrial (NYSE:STAG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share for the quarter, meeting the consensus estimate of $0.63. The company had revenue of $207.44 million during the quarter, compared to analyst estimates of $206.37 million. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 earnings per share. As a group, equities analysts predict that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently issued reports on STAG. Evercore ISI boosted their target price on shares of Stag Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Raymond James Financial upped their target price on shares of Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. 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. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $38.00 target price on shares of Stag Industrial in a research note on Monday, May 19th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $38.17.

Insiders Place Their Bets

In other Stag Industrial news, Director Benjamin S. Butcher sold 28,843 shares of the 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 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 document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by corporate insiders.

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.