Insider Selling: Stag Industrial Inc (STAG) EVP Sells $924,350.00 in Stock

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.

TRADEMARK VIOLATION NOTICE: This story was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this story can be accessed at https://ledgergazette.com/2018/01/12/insider-selling-stag-industrial-inc-stag-evp-sells-924350-00-in-stock.html.

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.

Receive News & Ratings for Stag Industrial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stag Industrial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply