Stag Industrial Inc (NYSE:STAG) EVP Jeffrey M. Sullivan sold 35,815 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $29.37, for a total transaction of $1,051,886.55. Following the sale, the executive vice president now directly owns 35,815 shares of the company’s stock, valued at approximately $1,051,886.55. 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 $0.02 during trading hours on Friday, hitting $29.09. 491,626 shares of the company were exchanged, compared to its average volume of 940,045. The business has a 50 day moving average of $29.39 and a two-hundred day moving average of $29.45. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.72. Stag Industrial Inc has a 52 week low of $23.24 and a 52 week high of $31.66. The company has a market capitalization of $3.73 billion, a PE ratio of 16.25, a PEG ratio of 4.14 and a beta of 0.92.

Stag Industrial (NYSE:STAG) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.35). Stag Industrial had a return on equity of 4.57% and a net margin of 20.06%. The business had revenue of $96.65 million for the quarter, compared to analyst estimates of $97.90 million. During the same quarter in the previous year, the company posted $0.45 EPS. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. On average, research analysts forecast that Stag Industrial Inc will post 1.82 EPS for the current year.

The firm also recently announced a dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a dividend of $0.119 per share. This is a boost from Stag Industrial’s previous dividend of $0.12. The ex-dividend date of this dividend is Thursday, August 29th. Stag Industrial’s dividend payout ratio is presently 79.89%.

Several equities research analysts have recently issued reports on STAG shares. ValuEngine downgraded shares of Stag Industrial from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Zacks Investment Research downgraded shares of Stag Industrial from a “hold” rating to a “sell” rating in a research report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $30.63.

A number of institutional investors and hedge funds have recently made changes to their positions in STAG. Rehmann Capital Advisory Group lifted its stake in shares of Stag Industrial by 3,005.6% during the 2nd quarter. Rehmann Capital Advisory Group now owns 1,118 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 1,082 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Stag Industrial by 13.4% during the 2nd quarter. BlackRock Inc. now owns 12,370,598 shares of the real estate investment trust’s stock worth $374,085,000 after buying an additional 1,460,832 shares during the last quarter. Phocas Financial Corp. acquired a new stake in shares of Stag Industrial during the 2nd quarter worth about $94,000. Royal Bank of Canada lifted its stake in shares of Stag Industrial by 27.6% during the 2nd quarter. Royal Bank of Canada now owns 621,450 shares of the real estate investment trust’s stock worth $18,793,000 after buying an additional 134,591 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new stake in shares of Stag Industrial during the 2nd quarter worth about $737,000. Institutional investors and hedge funds own 85.91% of the company’s stock.

About Stag Industrial

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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