Stag Industrial Inc (NYSE:STAG) EVP David G. King sold 35,000 shares of Stag Industrial stock in a transaction on Friday, January 5th. The shares were sold at an average price of $26.41, for a total transaction of $924,350.00. Following the completion of the sale, the executive vice president now directly owns 35,364 shares of the company’s stock, valued at approximately $933,963.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Stag Industrial Inc (STAG) traded down $0.47 during trading on Thursday, reaching $24.85. 912,135 shares of the company’s stock were exchanged, compared to its average volume of 596,096. The firm has a market cap of $2,340.00, a price-to-earnings ratio of 45.18, a price-to-earnings-growth ratio of 2.64 and a beta of 1.26. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.09 and a current ratio of 0.09. Stag Industrial Inc has a 52-week low of $23.08 and a 52-week high of $28.95.
Stag Industrial (NYSE:STAG) last released its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. The firm had revenue of $78.14 million during the quarter, compared to analyst estimates of $76.17 million. Stag Industrial had a net margin of 18.96% and a return on equity of 5.72%. The business’s revenue was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 EPS. analysts forecast that Stag Industrial Inc will post 1.68 earnings per share for the current year.
The business 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 5.71%. Stag Industrial’s payout ratio is 258.18%.
Several large investors have recently bought and sold shares of the company. Wedge Capital Management L L P NC increased its holdings in shares of Stag Industrial by 2.8% during 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 purchasing an additional 59,861 shares during the period. TIAA FSB bought a new position in shares of Stag Industrial during the 4th quarter worth about $1,938,000. RMR Advisors LLC increased its holdings in shares of Stag Industrial by 16.7% during the 4th quarter. RMR Advisors LLC now owns 209,693 shares of the real estate investment trust’s stock worth $5,731,000 after purchasing an additional 30,000 shares during the period. Boston Advisors LLC bought a new position in shares of Stag Industrial during the 4th quarter worth about $5,322,000. Finally, Strs Ohio increased its holdings in shares of 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 purchasing an additional 6,418 shares during the period. Institutional investors own 82.21% of the company’s stock.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Stag Industrial from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. TheStreet raised shares of Stag Industrial from a “c” rating to a “b-” rating in a research note on Tuesday, November 14th. BidaskClub lowered shares of Stag Industrial from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 25th. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Stag Industrial in a research report on Friday, November 3rd. Finally, JPMorgan Chase & Co. raised shares of Stag Industrial from a “neutral” rating to an “overweight” rating and set a $30.00 target price for the company in a research report on Friday, December 15th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus 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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