Insider Selling: Stag Industrial Inc (NYSE:STAG) EVP Sells 35,815 Shares of Stock
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.
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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