STAG Industrial, Inc. (NYSE:STAG) Stock Holdings Lessened by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its holdings in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 38.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 524,960 shares of the real estate investment trust's stock after selling 321,765 shares during the period. Russell Investments Group Ltd. owned approximately 0.29% of STAG Industrial worth $17,754,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of STAG Industrial in the fourth quarter valued at about $75,471,000. Raymond James Financial Inc. purchased a new stake in shares of STAG Industrial in the fourth quarter valued at approximately $57,561,000. Franklin Resources Inc. grew its holdings in STAG Industrial by 114.3% during the fourth quarter. Franklin Resources Inc. now owns 797,457 shares of the real estate investment trust's stock worth $26,970,000 after acquiring an additional 425,362 shares during the period. Prudential Financial Inc. boosted its position in shares of STAG Industrial by 19.3% during the 4th quarter. Prudential Financial Inc. now owns 1,809,679 shares of the real estate investment trust's stock worth $61,203,000 after purchasing an additional 292,252 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of STAG Industrial by 33.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,004,562 shares of the real estate investment trust's stock valued at $33,974,000 after purchasing an additional 251,992 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company's stock.

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STAG Industrial Stock Up 0.7 %

Shares of STAG stock traded up $0.23 during trading hours on Tuesday, hitting $32.33. 272,483 shares of the company were exchanged, compared to its average volume of 1,192,882. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of 31.09 and a beta of 0.96. STAG Industrial, Inc. has a one year low of $28.61 and a one year high of $41.63. The business's 50-day simple moving average is $34.78 and its two-hundred day simple moving average is $35.47.

STAG Industrial (NYSE:STAG - Get Free Report) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. Sell-side analysts predict that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.1242 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.61%. STAG Industrial's dividend payout ratio (DPR) is presently 143.27%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on STAG shares. Raymond James dropped their price objective on STAG Industrial from $40.00 to $36.00 and set an "outperform" rating for the company in a research note on Monday. Royal Bank of Canada lowered their target price on shares of STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating for the company in a research note on Monday, January 27th. Finally, Barclays decreased their price objective on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $39.57.

Insiders Place Their Bets

In other news, Director Benjamin S. Butcher sold 50,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total value of $1,755,000.00. Following the completion of the transaction, the director now directly owns 9,632 shares in the company, valued at $338,083.20. This trade represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.10% of the stock is owned by insiders.

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.