Michael Chase Sells 13,144 Shares of Stag Industrial (NYSE:STAG) Stock

Stag Industrial, Inc. (NYSE:STAG) EVP Michael Chase sold 13,144 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $38.75, for a total value of $509,330.00. Following the sale, the executive vice president owned 9,422 shares of the company’s stock, valued at approximately $365,102.50. This represents a 58.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Stag Industrial Price Performance

Shares of NYSE:STAG opened at $38.99 on Friday. The firm’s 50 day moving average price is $36.79 and its 200-day moving average price is $35.87. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $39.01. 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 stock has a market capitalization of $7.28 billion, a PE ratio of 29.99 and a beta of 0.95.

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

Stag Industrial Dividend Announcement

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

Institutional Investors Weigh In On Stag Industrial

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Park Avenue Securities LLC boosted its stake in shares of Stag Industrial by 3.5% in the third quarter. Park Avenue Securities LLC now owns 7,639 shares of the real estate investment trust’s stock worth $270,000 after acquiring an additional 260 shares during the period. Benjamin Edwards Inc. lifted its holdings in Stag Industrial by 4.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 6,230 shares of the real estate investment trust’s stock worth $220,000 after purchasing an additional 282 shares in the last quarter. First Hawaiian Bank lifted its holdings in Stag Industrial by 1.5% in the 1st quarter. First Hawaiian Bank now owns 19,132 shares of the real estate investment trust’s stock worth $691,000 after purchasing an additional 289 shares in the last quarter. Tectonic Advisors LLC boosted its stake in Stag Industrial by 2.4% in the 2nd quarter. Tectonic Advisors LLC now owns 13,018 shares of the real estate investment trust’s stock worth $472,000 after purchasing an additional 304 shares during the period. Finally, Signaturefd LLC boosted its stake in Stag Industrial by 14.0% in the 1st quarter. Signaturefd LLC now owns 2,586 shares of the real estate investment trust’s stock worth $93,000 after purchasing an additional 317 shares during the period. 88.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on STAG. Royal Bank Of Canada raised their target price on Stag Industrial from $38.00 to $42.00 and gave the stock a “sector perform” rating in a report on Thursday. Industrial Alliance Securities set a $37.00 price objective on Stag Industrial in a research note on Wednesday, October 1st. Cantor Fitzgerald assumed coverage on Stag Industrial in a research report on Wednesday, October 1st. They set a “neutral” rating and a $37.00 price objective on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Stag Industrial in a research note on Wednesday, October 8th. Finally, Evercore ISI increased their target price on shares of Stag Industrial from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $38.86.

Stag Industrial Company 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.