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

Stag Industrial, Inc. (NYSE:STAG) EVP Michael Chase sold 13,144 shares of the company’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $38.75, for a total transaction of $509,330.00. Following the sale, the executive vice president directly owned 9,422 shares of the company’s stock, valued at $365,102.50. The trade was a 58.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Stag Industrial Price Performance

Shares of STAG opened at $38.57 on Friday. Stag Industrial, Inc. has a 1-year low of $28.61 and a 1-year high of $39.01. The firm has a 50-day simple moving average of $36.75 and a two-hundred day simple moving average of $35.83. The stock has a market cap of $7.20 billion, a PE ratio of 29.67 and a beta of 0.95. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings data 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 firm had revenue of $211.12 million for the quarter, compared to the consensus estimate of $210.26 million. Stag Industrial had a return on equity of 6.82% and a net margin of 29.24%.The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 EPS. As a group, analysts forecast that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Announces Dividend

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

Hedge Funds Weigh In On Stag Industrial

A number of hedge funds and other institutional investors have recently bought and sold shares of STAG. Private Trust Co. NA lifted its stake in shares of Stag Industrial by 2,183.9% in the 2nd 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 period. Chung Wu Investment Group LLC acquired a new position in Stag Industrial during the 2nd quarter worth approximately $29,000. Avalon Trust Co purchased a new position in shares of Stag Industrial during the 1st quarter worth approximately $36,000. Keystone Global Partners LLC purchased a new stake in shares of Stag Industrial in the first quarter valued at approximately $41,000. Finally, Root Financial Partners LLC purchased a new position in Stag Industrial in the third quarter worth $43,000. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on STAG. 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 on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Stag Industrial in a research note on Wednesday, October 8th. Robert W. Baird upped their target price on shares of Stag Industrial from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Tuesday. Evercore ISI boosted their price target on shares of Stag Industrial from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Finally, Industrial Alliance Securities set a $37.00 target price on Stag Industrial in a research report on Wednesday, October 1st. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $38.86.

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.