Stag Industrial, Inc. (STAG) EVP Sells $29,657.43 in Stock
Stag Industrial, Inc. (NYSE:STAG) EVP Peter S. Fearey sold 1,033 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $28.71, for a total value of $29,657.43. Following the completion of the sale, the executive vice president now directly owns 2,506 shares of the company’s stock, valued at approximately $71,947.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Stag Industrial, Inc. (NYSE:STAG) traded down 1.47% on Tuesday, hitting $28.20. The stock had a trading volume of 399,295 shares. The company’s 50-day moving average price is $27.63 and its 200 day moving average price is $26.71. Stag Industrial, Inc. has a 12-month low of $21.21 and a 12-month high of $28.95. The firm has a market cap of $2.60 billion, a P/E ratio of 105.22 and a beta of 1.21.
Stag Industrial (NYSE:STAG) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.41 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. The business had revenue of $72.20 million during the quarter, compared to analyst estimates of $71.44 million. Stag Industrial had a return on equity of 3.97% and a net margin of 12.22%. The company’s revenue was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 earnings per share. On average, equities research analysts forecast that Stag Industrial, Inc. will post ($0.01) earnings per share for the current fiscal year.
The company also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a $0.1175 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $1.41 annualized dividend and a dividend yield of 5.00%. Stag Industrial’s dividend payout ratio (DPR) is 503.57%.
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Several institutional investors have recently made changes to their positions in the company. Moors & Cabot Inc. lifted its holdings in shares of Stag Industrial by 0.4% in the second quarter. Moors & Cabot Inc. now owns 14,790 shares of the real estate investment trust’s stock valued at $410,000 after buying an additional 62 shares during the period. Anchor Capital Advisors LLC lifted its holdings in shares of Stag Industrial by 0.6% during the first quarter. Anchor Capital Advisors LLC now owns 13,610 shares of the real estate investment trust’s stock valued at $341,000 after purchasing an additional 80 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Stag Industrial by 0.8% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,045 shares of the real estate investment trust’s stock valued at $360,000 after purchasing an additional 103 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Stag Industrial by 3.4% during the first quarter. SG Americas Securities LLC now owns 6,587 shares of the real estate investment trust’s stock valued at $165,000 after purchasing an additional 215 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Stag Industrial by 4.3% during the first quarter. US Bancorp DE now owns 10,315 shares of the real estate investment trust’s stock valued at $258,000 after purchasing an additional 423 shares during the last quarter. Institutional investors and hedge funds own 81.25% of the company’s stock.
A number of research firms have commented on STAG. Jefferies Group LLC reissued a “buy” rating and issued a $32.00 target price (up previously from $31.00) on shares of Stag Industrial in a report on Tuesday, August 22nd. Evercore ISI upgraded Stag Industrial from an “in-line” rating to an “outperform” rating and set a $30.00 price target for the company in a research report on Monday, August 14th. BidaskClub cut Stag Industrial from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. Raymond James Financial, Inc. raised their price target on Stag Industrial from $27.50 to $28.50 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. Finally, UBS AG upgraded Stag Industrial from a “sell” rating to a “neutral” rating and raised their price target for the company from $21.00 to $28.00 in a research report on Friday. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $27.56.
Stag Industrial Company Profile
STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.
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