Stag Industrial Inc (STAG) COO Sells $792,300.00 in Stock
Stag Industrial Inc (NYSE:STAG) COO Stephen C. Mecke sold 30,000 shares of the stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $26.41, for a total value of $792,300.00. Following the transaction, the chief operating officer now directly owns 32,000 shares of the company’s stock, valued at $845,120. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Stag Industrial Inc (STAG) opened at $25.55 on Thursday. Stag Industrial Inc has a 52-week low of $22.70 and a 52-week high of $28.95. The stock has a market capitalization of $2,400.00, a P/E ratio of 46.45, a PEG ratio of 2.70 and a beta of 1.26. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.09 and a quick ratio of 0.09.
Stag Industrial (NYSE:STAG) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. Stag Industrial had a return on equity of 5.72% and a net margin of 18.96%. The company had revenue of $78.14 million during the quarter, compared to analysts’ expectations of $76.17 million. During the same period last year, the firm posted $0.40 earnings per share. The business’s revenue was up 24.8% on a year-over-year basis. sell-side analysts anticipate that Stag Industrial Inc will post 1.68 EPS for the current year.
The company also recently announced a monthly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be paid a dividend of $0.1183 per share. The ex-dividend date is Tuesday, February 27th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.56%. Stag Industrial’s dividend payout ratio (DPR) is currently 256.36%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Moors & Cabot Inc. increased its stake in shares of Stag Industrial by 0.4% during the second quarter. Moors & Cabot Inc. now owns 14,790 shares of the real estate investment trust’s stock worth $410,000 after purchasing an additional 62 shares during the period. Advisor Group Inc. increased its stake in shares of Stag Industrial by 1.8% during the second quarter. Advisor Group Inc. now owns 33,751 shares of the real estate investment trust’s stock worth $932,000 after purchasing an additional 599 shares during the period. Phocas Financial Corp. increased its stake in Stag Industrial by 2.9% during the 2nd quarter. Phocas Financial Corp. now owns 23,609 shares of the real estate investment trust’s stock worth $652,000 after acquiring an additional 666 shares during the period. Ameritas Investment Partners Inc. increased its stake in Stag Industrial by 13.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,846 shares of the real estate investment trust’s stock worth $217,000 after acquiring an additional 903 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Stag Industrial by 6.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,332 shares of the real estate investment trust’s stock worth $451,000 after acquiring an additional 980 shares during the period. Institutional investors own 82.06% of the company’s stock.
Several brokerages recently commented on STAG. TheStreet raised Stag Industrial from a “c” rating to a “b-” rating in a research report on Tuesday, November 14th. JPMorgan Chase & Co. raised Stag Industrial from a “neutral” rating to an “overweight” rating and set a $30.00 price target for the company in a research report on Friday, December 15th. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Stag Industrial in a research report on Friday, November 3rd. BidaskClub raised Stag Industrial from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 4th. Finally, Jefferies Group reissued a “buy” rating and set a $32.00 price target on shares of Stag Industrial in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. Stag Industrial presently has a consensus rating of “Buy” and a consensus price target of $28.50.
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Stag Industrial Company Profile
STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.
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