Russell Investments Group Ltd. Sells 68,865 Shares of Stag Industrial, Inc. $STAG

Russell Investments Group Ltd. trimmed its stake in Stag Industrial, Inc. (NYSE:STAG) by 20.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 265,365 shares of the real estate investment trust’s stock after selling 68,865 shares during the quarter. Russell Investments Group Ltd.’s holdings in Stag Industrial were worth $9,627,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. First Hawaiian Bank increased its holdings in shares of Stag Industrial by 1.5% during the first quarter. First Hawaiian Bank now owns 19,132 shares of the real estate investment trust’s stock valued at $691,000 after acquiring an additional 289 shares in the last quarter. Tectonic Advisors LLC grew its position in Stag Industrial by 2.4% during the 2nd quarter. Tectonic Advisors LLC now owns 13,018 shares of the real estate investment trust’s stock valued at $472,000 after purchasing an additional 304 shares during the last quarter. ProShare Advisors LLC grew its position in Stag Industrial by 4.2% during the 2nd quarter. ProShare Advisors LLC now owns 8,275 shares of the real estate investment trust’s stock valued at $300,000 after purchasing an additional 332 shares during the last quarter. Aew Capital Management L P increased its stake in Stag Industrial by 12.5% during the 1st quarter. Aew Capital Management L P now owns 3,600 shares of the real estate investment trust’s stock valued at $130,000 after purchasing an additional 400 shares in the last quarter. Finally, New York State Teachers Retirement System raised its holdings in Stag Industrial by 0.7% in the second quarter. New York State Teachers Retirement System now owns 56,366 shares of the real estate investment trust’s stock worth $2,045,000 after buying an additional 403 shares during the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

Stag Industrial Stock Down 0.9%

Shares of Stag Industrial stock opened at $38.81 on Wednesday. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $39.73. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. The company’s 50 day moving average is $37.78 and its 200 day moving average is $36.51. The company has a market cap of $7.25 billion, a price-to-earnings ratio of 29.85 and a beta of 1.06.

Stag Industrial (NYSE:STAG) last posted its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The business had revenue of $211.12 million during the quarter, compared to the consensus estimate of $210.26 million. Stag Industrial had a net margin of 29.24% and a return on equity of 6.82%. The firm’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 EPS. Research analysts anticipate that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a dividend of $0.1242 per share. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Wednesday, December 31st. Stag Industrial’s dividend payout ratio is 114.62%.

Insider Activity at Stag Industrial

In other news, EVP Michael Chase sold 13,144 shares of the stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $38.75, for a total value of $509,330.00. Following the transaction, the executive vice president owned 9,422 shares in the company, valued at $365,102.50. This represents a 58.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Larry T. Guillemette sold 2,004 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $35.20, for a total transaction of $70,540.80. Following the completion of the transaction, the director directly owned 38,666 shares in the company, valued at approximately $1,361,043.20. The trade was a 4.93% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 40,148 shares of company stock worth $1,502,621. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on STAG shares. Wells Fargo & Company increased their price target on shares of Stag Industrial from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Monday, November 10th. Citigroup upped their price objective on Stag Industrial from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Robert W. Baird increased their target price on Stag Industrial from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Evercore ISI lifted their target price on Stag Industrial from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Finally, Wall Street Zen cut Stag Industrial from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Stag Industrial presently has a consensus rating of “Hold” and an average target price of $38.89.

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.