Stag Industrial Inc (NYSE:STAG) COO Stephen C. Mecke sold 51,212 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $31.32, for a total value of $1,603,959.84. Following the completion of the transaction, the chief operating officer now directly owns 46,549 shares of the company’s stock, valued at $1,457,914.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of STAG stock traded up $0.22 during trading hours on Friday, hitting $31.72. The stock had a trading volume of 823,500 shares, compared to its average volume of 784,500. The firm has a market capitalization of $4.19 billion, a PE ratio of 17.72, a PEG ratio of 4.09 and a beta of 0.86. Stag Industrial Inc has a twelve month low of $25.88 and a twelve month high of $31.89. The stock’s 50 day moving average is $31.04 and its 200 day moving average is $30.26. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.90 and a quick ratio of 0.90.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.39). The firm had revenue of $102.42 million during the quarter, compared to analyst estimates of $100.78 million. Stag Industrial had a net margin of 19.96% and a return on equity of 4.35%. Stag Industrial’s revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 earnings per share. As a group, equities analysts predict that Stag Industrial Inc will post 1.82 earnings per share for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 28th will be issued a $0.12 dividend. This represents a $1.44 annualized dividend and a dividend yield of 4.54%. The ex-dividend date is Thursday, February 27th. Stag Industrial’s payout ratio is currently 79.89%.

Hedge funds have recently bought and sold shares of the company. Pictet Asset Management Ltd. lifted its holdings in shares of Stag Industrial by 38.8% during the second quarter. Pictet Asset Management Ltd. now owns 23,600 shares of the real estate investment trust’s stock worth $714,000 after purchasing an additional 6,600 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Stag Industrial by 54.6% during the third quarter. California Public Employees Retirement System now owns 249,207 shares of the real estate investment trust’s stock worth $7,347,000 after purchasing an additional 87,961 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Stag Industrial by 9.1% during the third quarter. Public Employees Retirement System of Ohio now owns 91,479 shares of the real estate investment trust’s stock worth $2,697,000 after purchasing an additional 7,624 shares during the period. Rhumbline Advisers lifted its holdings in shares of Stag Industrial by 7.6% during the third quarter. Rhumbline Advisers now owns 226,618 shares of the real estate investment trust’s stock worth $6,681,000 after purchasing an additional 16,028 shares during the period. Finally, Millennium Management LLC acquired a new stake in shares of Stag Industrial during the third quarter worth $3,680,000. 92.93% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently weighed in on STAG shares. Wells Fargo & Co raised Stag Industrial from a “market perform” rating to an “outperform” rating and set a $35.00 price objective for the company in a report on Tuesday, December 10th. JPMorgan Chase & Co. raised Stag Industrial from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $33.00 to $34.00 in a report on Wednesday, December 18th. Zacks Investment Research raised Stag Industrial from a “sell” rating to a “hold” rating in a report on Friday, October 4th. Finally, Royal Bank of Canada raised Stag Industrial from an “outperform” rating to a “top pick” rating and increased their price objective for the company from $33.00 to $34.00 in a report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $32.83.

Stag Industrial Company Profile

STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition, ownership, and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (“REIT”) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.

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