Representative Jefferson Shreve (R-Indiana) recently sold shares of STAG Industrial, Inc. (NYSE:STAG). In a filing disclosed on May 08th, the Representative disclosed that they had sold between $50,001 and $100,000 in STAG Industrial stock on April 11th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.
Representative Jefferson Shreve also recently made the following trade(s):
- Purchased $50,001 – $100,000 in shares of Chipotle Mexican Grill (NYSE:CMG) on 4/17/2025.
- Purchased $50,001 – $100,000 in shares of Applied Materials (NASDAQ:AMAT) on 4/17/2025.
- Purchased $15,001 – $50,000 in shares of Caterpillar (NYSE:CAT) on 4/17/2025.
- Sold $15,001 – $50,000 in shares of Lululemon Athletica (NASDAQ:LULU) on 4/17/2025.
- Purchased $15,001 – $50,000 in shares of Western Digital (NASDAQ:WDC) on 4/17/2025.
- Sold $15,001 – $50,000 in shares of Zoetis (NYSE:ZTS) on 4/17/2025.
- Purchased $15,001 – $50,000 in shares of Stryker (NYSE:SYK) on 4/17/2025.
- Purchased $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 4/17/2025.
- Purchased $15,001 – $50,000 in shares of CSX (NASDAQ:CSX) on 4/17/2025.
- Purchased $15,001 – $50,000 in shares of Ross Stores (NASDAQ:ROST) on 4/17/2025.
STAG Industrial Stock Performance
Shares of NYSE STAG opened at $34.60 on Friday. 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 50 day moving average price of $33.94 and a 200 day moving average price of $34.85. The stock has a market capitalization of $6.46 billion, a PE ratio of 33.27 and a beta of 0.93. STAG Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $41.63.
STAG Industrial Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.1242 dividend. This represents a $1.49 annualized dividend and a dividend yield of 4.31%. The ex-dividend date is Monday, June 30th. STAG Industrial’s payout ratio is 112.03%.
Insider Buying and Selling at STAG Industrial
In related 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 transaction of $1,755,000.00. Following the sale, the director now owns 9,632 shares in the company, valued at approximately $338,083.20. This trade represents a 83.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in STAG Industrial by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 26,178,628 shares of the real estate investment trust’s stock worth $945,572,000 after acquiring an additional 347,729 shares during the period. FMR LLC increased its position in shares of STAG Industrial by 30.1% in the fourth quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust’s stock worth $305,224,000 after purchasing an additional 2,088,839 shares during the period. Earnest Partners LLC raised its stake in STAG Industrial by 6.6% in the fourth 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 in the last quarter. Nuveen Asset Management LLC lifted its position in 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 purchasing an additional 204,948 shares during the period. Finally, Geode Capital Management LLC grew its stake in STAG Industrial by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 3,421,549 shares of the real estate investment trust’s stock worth $115,748,000 after buying an additional 18,009 shares in the last quarter. 88.67% of the stock is owned by institutional investors.
Analyst Ratings Changes
STAG has been the topic of a number of research analyst reports. Barclays dropped their target price on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. Raymond James lifted their target price on STAG Industrial from $36.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday. Royal Bank of Canada dropped their price target on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Monday, January 27th. Finally, Robert W. Baird reduced their price objective on shares of STAG Industrial from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Wednesday. Five 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 presently has a consensus rating of “Hold” and a consensus price target of $39.63.
Get Our Latest Stock Analysis on STAG
About Representative Shreve
Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.
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Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.
Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.
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.
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