STAG Industrial, Inc. (NYSE:STAG) EVP Michael Chase Sells 14,007 Shares of Stock

STAG Industrial, Inc. (NYSE:STAG) EVP Michael Chase sold 14,007 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $39.05, for a total transaction of $546,973.35. Following the transaction, the executive vice president now directly owns 9,422 shares in the company, valued at approximately $367,929.10. This represents a 59.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

STAG Industrial Price Performance

Shares of STAG stock opened at $32.45 on Friday. STAG Industrial, Inc. has a twelve month low of $32.27 and a twelve month high of $41.63. The company has a market capitalization of $5.91 billion, a PE ratio of 32.78 and a beta of 1.09. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87. The firm has a fifty day simple moving average of $35.57 and a 200-day simple moving average of $37.56.

STAG Industrial Dividend Announcement

The firm also recently disclosed a jan 25 dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.1242 per share. STAG Industrial’s dividend payout ratio is presently 149.49%.

Institutional Trading of STAG Industrial

Hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. grew its stake in STAG Industrial by 15.0% in the second quarter. Victory Capital Management Inc. now owns 483,740 shares of the real estate investment trust’s stock worth $17,444,000 after purchasing an additional 62,979 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of STAG Industrial by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 50,905 shares of the real estate investment trust’s stock valued at $1,836,000 after acquiring an additional 1,005 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of STAG Industrial during the 2nd quarter valued at approximately $1,266,000. Choreo LLC bought a new position in STAG Industrial during the second quarter worth $406,000. Finally, American Century Companies Inc. boosted its holdings in STAG Industrial by 9.0% in the second quarter. American Century Companies Inc. now owns 65,587 shares of the real estate investment trust’s stock worth $2,365,000 after purchasing an additional 5,402 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on STAG shares. Raymond James upped their price target on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Barclays cut their price target on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. Finally, Wells Fargo & Company decreased their price objective on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

STAG Industrial Company Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.