William R. Crooker Sells 31,889 Shares of Stag Industrial Inc (STAG) Stock
Stag Industrial Inc (NYSE:STAG) CFO William R. Crooker sold 31,889 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $26.41, for a total transaction of $842,188.49. Following the completion of the transaction, the chief financial officer now owns 46,493 shares in the company, valued at approximately $1,227,880.13. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Stag Industrial Inc (NYSE:STAG) opened at $25.66 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.09 and a current ratio of 0.09. Stag Industrial Inc has a 1 year low of $22.70 and a 1 year high of $28.95. The stock has a market cap of $2,410.00, a price-to-earnings ratio of 46.65, a P/E/G ratio of 2.70 and a beta of 1.26.
Stag Industrial (NYSE:STAG) last released its earnings results 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 net margin of 18.96% and a return on equity of 5.72%. The company had revenue of $78.14 million for the quarter, compared to the consensus estimate of $76.17 million. During the same quarter in the previous year, the company earned $0.40 EPS. Stag Industrial’s quarterly revenue was up 24.8% compared to the same quarter last year. research analysts expect that Stag Industrial Inc will post 1.68 earnings per share for the current fiscal year.
The firm also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Shareholders 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 yield of 5.53%. Stag Industrial’s dividend payout ratio (DPR) is presently 256.36%.
A number of research firms recently issued reports on STAG. Jefferies Group reiterated a “buy” rating and set a $32.00 target price on shares of Stag Industrial in a research report on Tuesday, September 26th. BidaskClub downgraded shares of Stag Industrial from a “hold” rating to a “sell” rating in a research report on Friday, October 6th. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Stag Industrial in a research report on Friday, November 3rd. TheStreet upgraded shares of Stag Industrial from a “c” rating to a “b-” rating in a research report on Tuesday, November 14th. Finally, JPMorgan Chase & Co. upgraded shares of Stag Industrial from a “neutral” rating to an “overweight” rating and set a $30.00 target price on the stock in a research report on Friday, December 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. Stag Industrial presently has a consensus rating of “Buy” and a consensus price target of $28.50.
Hedge funds have recently made changes to their positions in the business. San Francisco Sentry Investment Group CA bought a new stake in Stag Industrial during the 2nd quarter valued at $117,000. Verition Fund Management LLC bought a new stake in Stag Industrial during the 2nd quarter valued at $200,000. Teacher Retirement System of Texas bought a new stake in Stag Industrial during the 3rd quarter valued at $200,000. Federated Investors Inc. PA bought a new stake in Stag Industrial during the 2nd quarter valued at $203,000. Finally, 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 valued at $217,000 after purchasing an additional 903 shares in the last quarter. Institutional investors and hedge funds own 82.06% of the company’s stock.
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About Stag Industrial
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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