Stag Industrial Inc (NYSE:STAG) EVP David G. King sold 35,000 shares of Stag Industrial stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $26.41, for a total value of $924,350.00. Following the transaction, the executive vice president now directly owns 35,364 shares in the company, valued at $933,963.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Stag Industrial Inc (NYSE STAG) opened at $25.55 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.09 and a quick ratio of 0.09. Stag Industrial Inc has a 1 year low of $22.70 and a 1 year high of $28.95. The firm has a market capitalization of $2,400.00, a price-to-earnings ratio of 46.45, a P/E/G ratio of 2.70 and a beta of 1.26.

Stag Industrial (NYSE:STAG) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. Stag Industrial had a return on equity of 5.72% and a net margin of 18.96%. The business had revenue of $78.14 million during the quarter, compared to analyst estimates of $76.17 million. During the same quarter last year, the company posted $0.40 EPS. Stag Industrial’s revenue for the quarter was up 24.8% on a year-over-year basis. research analysts expect that Stag Industrial Inc will post 1.68 earnings per share for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be given a $0.1183 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.56%. Stag Industrial’s dividend payout ratio (DPR) is 256.36%.

Several large investors have recently added to or reduced their stakes in the stock. Moors & Cabot Inc. boosted its position in shares of Stag Industrial by 21.7% in the 3rd quarter. Moors & Cabot Inc. now owns 18,000 shares of the real estate investment trust’s stock valued at $493,000 after purchasing an additional 3,210 shares during the period. Dana Investment Advisors Inc. acquired a new stake in Stag Industrial during the 3rd quarter worth about $2,219,000. Argent Capital Management LLC acquired a new stake in Stag Industrial during the 3rd quarter worth about $1,176,000. California Public Employees Retirement System boosted its position in Stag Industrial by 5.9% during the 3rd quarter. California Public Employees Retirement System now owns 164,024 shares of the real estate investment trust’s stock worth $4,506,000 after acquiring an additional 9,124 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in Stag Industrial by 51.0% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 27,191 shares of the real estate investment trust’s stock worth $746,000 after acquiring an additional 9,182 shares during the period. Institutional investors and hedge funds own 82.06% of the company’s stock.

STAG has been the topic of a number of research analyst reports. BidaskClub lowered Stag Industrial from a “hold” rating to a “sell” rating in a report on Friday, October 6th. TheStreet lowered Stag Industrial from a “b-” rating to a “c+” rating in a report on Tuesday, December 19th. Jefferies Group reaffirmed a “buy” rating and set a $32.00 target price on shares of Stag Industrial in a report on Tuesday, September 26th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Stag Industrial in a report on Friday, November 3rd. Finally, JPMorgan Chase & Co. raised Stag Industrial from a “neutral” rating to an “overweight” rating and set a $30.00 target price on the stock in a report on Friday, December 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $28.50.

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About Stag Industrial

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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