Stag Industrial Inc (NYSE:STAG) CEO Sells $1,800,633.80 in Stock

Stag Industrial Inc (NYSE:STAG) CEO Benjamin S. Butcher sold 68,180 shares of the business’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $26.41, for a total value of $1,800,633.80. Following the transaction, the chief executive officer now owns 140,268 shares in the company, valued at $3,704,477.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Stag Industrial Inc (NYSE STAG) opened at $25.32 on Thursday. The company has a market capitalization of $2,349.24, a P/E ratio of 14.95, a PEG ratio of 2.64 and a beta of 1.25. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.62. Stag Industrial Inc has a 1-year low of $22.85 and a 1-year high of $28.95.

Stag Industrial (NYSE:STAG) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. The business had revenue of $78.14 million for the quarter, compared to the consensus estimate of $76.17 million. Stag Industrial had a return on equity of 5.72% and a net margin of 18.96%. Stag Industrial’s revenue was up 24.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.40 EPS. research analysts anticipate that Stag Industrial Inc will post 1.68 earnings per share for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a $0.1183 dividend. This represents a $1.42 annualized dividend and a dividend yield of 5.61%. The ex-dividend date is Tuesday, February 27th. Stag Industrial’s payout ratio is currently 262.97%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wedge Capital Management L L P NC boosted its holdings in shares of Stag Industrial by 2.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 2,229,461 shares of the real estate investment trust’s stock worth $60,931,000 after acquiring an additional 59,861 shares in the last quarter. TIAA FSB acquired a new position in shares of Stag Industrial in the 4th quarter worth approximately $1,938,000. RMR Advisors LLC boosted its holdings in shares of Stag Industrial by 16.7% in the 4th quarter. RMR Advisors LLC now owns 209,693 shares of the real estate investment trust’s stock worth $5,731,000 after acquiring an additional 30,000 shares in the last quarter. Boston Advisors LLC acquired a new position in Stag Industrial during the 4th quarter worth $5,322,000. Finally, Strs Ohio lifted its holdings in Stag Industrial by 4.5% during the 4th quarter. Strs Ohio now owns 149,530 shares of the real estate investment trust’s stock worth $4,086,000 after buying an additional 6,418 shares in the last quarter. 82.21% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently issued reports on STAG. Zacks Investment Research lowered Stag Industrial from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. TheStreet lowered Stag Industrial from a “b-” rating to a “c+” rating in a research note on Tuesday, December 19th. JPMorgan Chase & Co. upgraded Stag Industrial from a “neutral” rating to an “overweight” rating and set a $30.00 price objective on the stock in a research note on Friday, December 15th. BidaskClub upgraded Stag Industrial from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 4th. Finally, Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Stag Industrial in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $28.50.

COPYRIGHT VIOLATION WARNING: “Stag Industrial Inc (NYSE:STAG) CEO Sells $1,800,633.80 in Stock” was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed at https://www.dispatchtribunal.com/2018/02/01/benjamin-s-butcher-sells-68180-shares-of-stag-industrial-inc-stag-stock.html.

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.

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