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

Stag Industrial, Inc. (NYSE:STAG) Director Virgis Colbert sold 18,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $38.08, for a total value of $685,440.00. Following the transaction, the director directly owned 4,210 shares in the company, valued at approximately $160,316.80. This represents a 81.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Stag Industrial Stock Performance

NYSE STAG traded down $0.25 during trading hours on Monday, reaching $39.28. The company’s stock had a trading volume of 1,583,250 shares, compared to its average volume of 1,632,827. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.89. The business has a 50-day simple moving average of $37.70 and a 200 day simple moving average of $37.32. Stag Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $39.98. The stock has a market cap of $7.50 billion, a PE ratio of 26.90 and a beta of 1.06.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. The firm had revenue of $220.90 million for the quarter, compared to the consensus estimate of $213.66 million. Stag Industrial had a net margin of 32.35% and a return on equity of 7.68%. Stag Industrial’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the firm posted $0.61 EPS. Equities research analysts predict that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on STAG. Wells Fargo & Company increased their target price on shares of Stag Industrial from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Monday, November 10th. Robert W. Baird set a $40.00 target price on Stag Industrial in a research report on Tuesday, February 17th. JPMorgan Chase & Co. raised their price objective on shares of Stag Industrial from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday. Royal Bank Of Canada raised their price target on Stag Industrial from $38.00 to $42.00 and gave the company a “sector perform” rating in a report on Thursday, November 6th. Finally, Evercore reaffirmed an “outperform” rating on shares of Stag Industrial in a research note on Friday, February 13th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Stag Industrial has a consensus rating of “Hold” and a consensus target price of $39.50.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Clearstead Advisors LLC increased its holdings in shares of Stag Industrial by 193.6% during the fourth quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 482 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new stake in Stag Industrial in the third quarter valued at $27,000. Root Financial Partners LLC acquired a new position in shares of Stag Industrial during the third quarter worth approximately $43,000. International Assets Investment Management LLC bought a new position in Stag Industrial in the 4th quarter valued at about $51,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Stag Industrial by 270.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 1,048 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

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.