Stag Industrial (NYSE:STAG) EVP Michael Chase Sells 13,144 Shares

Stag Industrial, Inc. (NYSE:STAG) EVP Michael Chase sold 13,144 shares of Stag Industrial stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $38.75, for a total value of $509,330.00. Following the completion of the transaction, the executive vice president owned 9,422 shares in the company, valued at approximately $365,102.50. This represents a 58.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Stag Industrial Price Performance

Shares of STAG stock traded down $0.08 on Thursday, reaching $38.57. The company had a trading volume of 1,590,801 shares, compared to its average volume of 1,486,979. The business’s 50-day moving average is $36.71 and its 200 day moving average is $35.81. Stag Industrial, Inc. has a one year low of $28.61 and a one year high of $39.01. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $7.20 billion, a PE ratio of 29.67 and a beta of 0.95.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.02. The company had revenue of $211.12 million for the quarter, compared to analyst estimates of $210.26 million. Stag Industrial had a net margin of 29.24% and a return on equity of 6.82%. The firm’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 EPS. Equities research analysts forecast that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.1242 per share. The ex-dividend date is Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 3.9%. Stag Industrial’s dividend payout ratio is 114.62%.

Analyst Ratings Changes

A number of research analysts have recently commented on STAG shares. Industrial Alliance Securities set a $37.00 price target on Stag Industrial in a research note on Wednesday, October 1st. Evercore ISI increased their target price on Stag Industrial from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Royal Bank Of Canada lifted their price target on Stag Industrial from $38.00 to $42.00 and gave the company a “sector perform” rating in a research note on Thursday. Weiss Ratings restated a “hold (c+)” rating on shares of Stag Industrial in a report on Wednesday, October 8th. Finally, Cantor Fitzgerald assumed coverage on shares of Stag Industrial in a report on Wednesday, October 1st. They issued a “neutral” rating and a $37.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $38.86.

Institutional Investors Weigh In On Stag Industrial

Institutional investors have recently made changes to their positions in the stock. Private Trust Co. NA raised its position in shares of Stag Industrial by 2,183.9% during the second quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 677 shares during the last quarter. Chung Wu Investment Group LLC bought a new stake in Stag Industrial in the second quarter valued at approximately $29,000. Avalon Trust Co bought a new stake in Stag Industrial in the first quarter valued at approximately $36,000. Keystone Global Partners LLC acquired a new stake in Stag Industrial during the 1st quarter valued at approximately $41,000. Finally, Root Financial Partners LLC bought a new position in Stag Industrial during the 3rd quarter worth approximately $43,000. Institutional investors own 88.67% of the company’s stock.

About Stag Industrial

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.