Stag Industrial (NYSE:STAG) Director Virgis Colbert Sells 18,000 Shares of Stock

Stag Industrial, Inc. (NYSE:STAG) Director Virgis Colbert sold 18,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $38.08, for a total value of $685,440.00. Following the sale, the director owned 4,210 shares in the company, valued at approximately $160,316.80. This represents a 81.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Stag Industrial Price Performance

STAG traded down $0.25 during trading on Monday, reaching $39.28. The stock had a trading volume of 1,583,250 shares, compared to its average volume of 1,632,827. The stock has a market cap of $7.50 billion, a PE ratio of 26.90 and a beta of 1.06. The business has a 50-day moving average of $37.70 and a 200-day moving average of $37.32. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.90 and a current ratio of 1.90. Stag Industrial, Inc. has a one year low of $28.61 and a one year high of $39.98.

Stag Industrial (NYSE:STAG) last released its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The company had revenue of $220.90 million during the quarter, compared to analyst estimates of $213.66 million. Stag Industrial had a return on equity of 7.68% and a net margin of 32.35%.Stag Industrial’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 EPS. As a group, equities research analysts anticipate that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $0.3875 dividend. This represents a $1.55 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Tuesday, March 31st. Stag Industrial’s dividend payout ratio is currently 106.16%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Royal Bank Of Canada lifted their price objective on Stag Industrial from $38.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday, November 6th. Evercore reaffirmed an “outperform” rating on shares of Stag Industrial in a report on Friday, February 13th. Wells Fargo & Company lifted their price target on Stag Industrial from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Monday, November 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Stag Industrial in a report on Monday, December 22nd. Finally, JPMorgan Chase & Co. upped their target price on Stag Industrial from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $39.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Park Avenue Securities LLC grew its position 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 valued at $270,000 after purchasing an additional 260 shares in the last quarter. Benjamin Edwards Inc. boosted 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 valued at $220,000 after purchasing an additional 282 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Stag Industrial by 4.2% in the 2nd quarter. ProShare Advisors LLC now owns 8,275 shares of the real estate investment trust’s stock valued at $300,000 after buying an additional 332 shares during the period. AlphaQuest LLC grew its stake in shares of Stag Industrial by 3.3% in the 3rd quarter. AlphaQuest LLC now owns 10,875 shares of the real estate investment trust’s stock valued at $384,000 after buying an additional 350 shares during the period. Finally, IFG Advisory LLC increased its holdings in shares of Stag Industrial by 3.3% during the 3rd quarter. IFG Advisory LLC now owns 11,118 shares of the real estate investment trust’s stock worth $392,000 after buying an additional 351 shares during the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Stag Industrial Company Profile

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.