Stag Industrial Inc (NYSE:STAG) EVP David G. King sold 35,000 shares of the company’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $26.41, for a total value of $924,350.00. Following the sale, the executive vice president now owns 35,364 shares of the company’s stock, valued at approximately $933,963.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Stag Industrial Inc (NYSE:STAG) opened at $25.66 on Friday. Stag Industrial Inc has a twelve month low of $22.70 and a twelve month high of $28.95. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $2,410.00, a price-to-earnings ratio of 46.65, a PEG ratio of 2.70 and a beta of 1.26.
Stag Industrial (NYSE:STAG) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.43 EPS for the quarter, beating the 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 firm had revenue of $78.14 million during the quarter, compared to analyst estimates of $76.17 million. During the same quarter in the prior year, the business posted $0.40 EPS. The business’s revenue for the quarter was up 24.8% compared to the same quarter last year. sell-side analysts expect that Stag Industrial Inc will post 1.68 earnings per share for the current year.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a dividend of $0.1183 per share. The ex-dividend date is Tuesday, February 27th. This represents a $1.42 annualized dividend and a dividend yield of 5.53%. Stag Industrial’s dividend payout ratio is presently 256.36%.
Several institutional investors and hedge funds have recently modified their holdings of STAG. San Francisco Sentry Investment Group CA purchased a new stake in shares of Stag Industrial during the 2nd quarter valued at $117,000. Verition Fund Management LLC purchased a new stake in shares of Stag Industrial during the 2nd quarter valued at $200,000. Teacher Retirement System of Texas purchased a new stake in shares of Stag Industrial during the 3rd quarter valued at $200,000. Federated Investors Inc. PA purchased a new stake in shares of Stag Industrial during the 2nd quarter valued at $203,000. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of 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 during the last quarter. Hedge funds and other institutional investors own 82.06% of the company’s stock.
A number of analysts have weighed in on the company. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Stag Industrial in a report on Friday, November 3rd. BidaskClub upgraded Stag Industrial from a “strong sell” rating to a “sell” rating in a report on Saturday, November 4th. TheStreet upgraded Stag Industrial from a “c” rating to a “b-” rating in a report on Tuesday, November 14th. JPMorgan Chase & Co. upgraded Stag Industrial from a “neutral” rating to an “overweight” rating and set a $30.00 target price for the company in a report on Friday, December 15th. Finally, Jefferies Group restated a “buy” rating and set a $32.00 target price on shares of Stag Industrial in a report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $28.50.
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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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