Stag Industrial (NYSE:STAG) EVP Sells $988,981.56 in Stock

Stag Industrial, Inc. (NYSE:STAG) EVP Matts Pinard sold 25,242 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $39.18, for a total value of $988,981.56. Following the completion of the transaction, the executive vice president directly owned 951 shares of the company’s stock, valued at approximately $37,260.18. The trade was a 96.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Stag Industrial Price Performance

Shares of NYSE STAG opened at $38.57 on Thursday. The stock has a market cap of $7.37 billion, a P/E ratio of 26.42 and a beta of 1.06. The firm’s 50-day simple moving average is $37.78 and its 200 day simple moving average is $37.39. Stag Industrial, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $39.98. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.89.

Stag Industrial (NYSE:STAG) last released its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. Stag Industrial had a net margin of 32.35% and a return on equity of 7.68%. The firm had revenue of $220.90 million for the quarter, compared to analysts’ expectations of $213.66 million. During the same quarter last year, the company earned $0.61 EPS. Stag Industrial’s quarterly revenue was up 10.8% on a year-over-year basis. Equities analysts expect that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Tuesday, March 31st. Stag Industrial’s dividend payout ratio is 102.05%.

Institutional Trading of Stag Industrial

Several institutional investors and hedge funds have recently bought and sold shares of STAG. Channing Capital Management LLC raised its stake in Stag Industrial by 8.3% during the 3rd quarter. Channing Capital Management LLC now owns 2,186,846 shares of the real estate investment trust’s stock valued at $77,174,000 after purchasing an additional 167,093 shares during the period. Knights of Columbus Asset Advisors LLC acquired a new stake in shares of Stag Industrial in the third quarter worth $1,127,000. Versor Investments LP purchased a new position in shares of Stag Industrial during the third quarter valued at $922,000. Wolverine Asset Management LLC grew its holdings in shares of Stag Industrial by 408.0% during the third quarter. Wolverine Asset Management LLC now owns 129,263 shares of the real estate investment trust’s stock valued at $4,562,000 after buying an additional 103,820 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in Stag Industrial by 5.6% in the 3rd quarter. New York State Common Retirement Fund now owns 1,111,531 shares of the real estate investment trust’s stock worth $39,226,000 after acquiring an additional 58,958 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on STAG shares. Weiss Ratings reissued a “buy (b)” rating on shares of Stag Industrial in a research note on Monday, December 22nd. Royal Bank Of Canada lifted their target price on Stag Industrial from $38.00 to $42.00 and gave the stock a “sector perform” rating in a report on Thursday, November 6th. Wall Street Zen raised shares of Stag Industrial from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Robert W. Baird set a $40.00 price objective on shares of Stag Industrial in a research report on Tuesday, February 17th. Finally, Wells Fargo & Company lifted their price objective on shares of Stag Industrial from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Monday, November 10th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $39.50.

Stag Industrial Company Profile

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.