Insider Selling: STAG Industrial, Inc. (NYSE:STAG) EVP Sells 14,007 Shares of Stock

STAG Industrial, Inc. (NYSE:STAG) EVP Michael Chase sold 14,007 shares of STAG Industrial stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $39.05, for a total value of $546,973.35. Following the completion of the transaction, the executive vice president now owns 9,422 shares of the company’s stock, valued at approximately $367,929.10. The trade was a 59.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

STAG Industrial Trading Down 2.6 %

NYSE:STAG opened at $32.45 on Friday. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 32.78 and a beta of 1.09. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. STAG Industrial, Inc. has a 1 year low of $32.27 and a 1 year high of $41.63. The business has a fifty day moving average of $35.57 and a 200-day moving average of $37.56.

STAG Industrial Dividend Announcement

The business also recently announced a jan 25 dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 31st will be given a $0.1242 dividend. STAG Industrial’s dividend payout ratio is presently 149.49%.

Institutional Trading of STAG Industrial

A number of hedge funds and other institutional investors have recently made changes to their positions in STAG. FMR LLC increased its stake in shares of STAG Industrial by 145.5% during the third quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust’s stock valued at $271,132,000 after acquiring an additional 4,111,268 shares during the period. Earnest Partners LLC boosted its stake in STAG Industrial by 2.2% during the 2nd quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust’s stock valued at $131,727,000 after purchasing an additional 78,189 shares in the last quarter. Geode Capital Management LLC increased its position in shares of STAG Industrial by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust’s stock valued at $133,077,000 after purchasing an additional 21,925 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of STAG Industrial by 7.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust’s stock worth $123,883,000 after buying an additional 227,629 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of STAG Industrial by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,865,673 shares of the real estate investment trust’s stock valued at $103,333,000 after buying an additional 167,532 shares during the period. 88.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Raymond James raised their price target on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Barclays reduced their price target on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. Finally, Wells Fargo & Company dropped their price objective on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, STAG Industrial presently has an average rating of “Moderate Buy” and an average price target of $41.00.

About STAG Industrial

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.