Stag Industrial Inc (NYSE:STAG) EVP David G. King sold 35,000 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $26.41, for a total transaction of $924,350.00. Following the transaction, the executive vice president now directly owns 35,364 shares of the company’s stock, valued at approximately $933,963.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Stag Industrial Inc (NYSE STAG) opened at $25.61 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market cap of $2,412.28, a PE ratio of 47.43, a price-to-earnings-growth ratio of 2.71 and a beta of 1.25. Stag Industrial Inc has a 52 week low of $22.70 and a 52 week high of $28.95.
Stag Industrial (NYSE:STAG) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The firm had revenue of $78.14 million for the quarter, compared to analysts’ expectations of $76.17 million. Stag Industrial had a net margin of 18.96% and a return on equity of 5.72%. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 earnings per share. sell-side analysts predict that Stag Industrial Inc will post 1.68 EPS for the current fiscal year.
The company also recently disclosed 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 of this dividend is Tuesday, February 27th. This represents a $1.42 annualized dividend and a yield of 5.54%. Stag Industrial’s dividend payout ratio is 261.12%.
A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Stag Industrial by 5.4% during the second quarter. Vanguard Group Inc. now owns 13,381,991 shares of the real estate investment trust’s stock worth $369,344,000 after buying an additional 691,105 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Stag Industrial by 4.5% during the third quarter. Bank of New York Mellon Corp now owns 5,171,435 shares of the real estate investment trust’s stock valued at $142,059,000 after purchasing an additional 220,542 shares during the last quarter. Brookfield Asset Management Inc. grew its stake in shares of Stag Industrial by 7.3% during the second quarter. Brookfield Asset Management Inc. now owns 2,674,778 shares of the real estate investment trust’s stock valued at $73,824,000 after purchasing an additional 181,999 shares during the last quarter. Wedge Capital Management L L P NC grew its stake in shares of Stag Industrial by 2.7% during the third quarter. Wedge Capital Management L L P NC now owns 2,169,600 shares of the real estate investment trust’s stock valued at $59,599,000 after purchasing an additional 57,601 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Stag Industrial by 11.9% during the second quarter. State Street Corp now owns 1,895,836 shares of the real estate investment trust’s stock valued at $52,324,000 after purchasing an additional 200,955 shares during the last quarter. 82.04% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently issued reports on STAG. TheStreet raised shares of Stag Industrial from a “c” rating to a “b-” rating in a research report on Tuesday, November 14th. JPMorgan Chase & Co. raised shares of Stag Industrial from a “neutral” rating to an “overweight” rating and set a $30.00 price target for the company in a research report on Friday, December 15th. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Stag Industrial in a research report on Friday, November 3rd. BidaskClub raised shares of Stag Industrial from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 4th. Finally, Jefferies Group reissued a “buy” rating and issued a $32.00 price target on shares of Stag Industrial in a research report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $28.50.
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Stag Industrial Company Profile
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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