Stag Industrial, Inc. $STAG Shares Sold by Russell Investments Group Ltd.

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. trimmed its holdings in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 36.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 0.18% of Stag Industrial worth $12,072,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Signaturefd LLC grew its position in shares of Stag Industrial by 14.0% during the first quarter. Signaturefd LLC now owns 2,586 shares of the real estate investment trust's stock worth $93,000 after buying an additional 317 shares in the last quarter. Securian Asset Management Inc. grew its position in shares of Stag Industrial by 2.9% during the first quarter. Securian Asset Management Inc. now owns 14,169 shares of the real estate investment trust's stock worth $512,000 after buying an additional 395 shares in the last quarter. Integrated Advisors Network LLC grew its position in shares of Stag Industrial by 3.5% during the fourth quarter. Integrated Advisors Network LLC now owns 11,673 shares of the real estate investment trust's stock worth $395,000 after buying an additional 398 shares in the last quarter. PFG Investments LLC grew its position in shares of Stag Industrial by 5.4% during the first quarter. PFG Investments LLC now owns 8,302 shares of the real estate investment trust's stock worth $300,000 after buying an additional 429 shares in the last quarter. Finally, Moran Wealth Management LLC grew its position in shares of Stag Industrial by 1.2% during the first quarter. Moran Wealth Management LLC now owns 36,799 shares of the real estate investment trust's stock worth $1,329,000 after buying an additional 436 shares in the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

Stag Industrial Stock Performance

Shares of STAG stock traded down $0.25 during trading hours on Thursday, hitting $35.60. The stock had a trading volume of 494,171 shares, compared to its average volume of 1,484,380. The firm has a market capitalization of $6.65 billion, a PE ratio of 28.05 and a beta of 0.91. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $40.75. The stock's 50 day moving average is $35.72 and its 200 day moving average is $35.00. 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 - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $207.44 million during the quarter, compared to the consensus estimate 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 was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.61 earnings per share. As a group, research analysts forecast that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Announces Dividend

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

Insider Buying and Selling at Stag Industrial

In related news, Director Benjamin S. Butcher sold 28,843 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the completion of the sale, the director directly owned 7,115 shares of the company's stock, 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 currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Robert W. Baird lowered their price objective on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Evercore ISI upped their price target on Stag Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $38.00 price target on shares of Stag Industrial in a report on Monday, May 19th. Finally, Raymond James Financial upped their price target on Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $38.17.

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.