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.
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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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