Insider Selling: STAG Industrial, Inc. (NYSE:STAG) Director Sells 50,000 Shares of Stock

STAG Industrial, Inc. (NYSE:STAG) Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total value of $1,755,000.00. Following the transaction, the director now directly owns 9,632 shares of the company’s stock, valued at $338,083.20. The trade was a 83.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

STAG Industrial Trading Up 0.6 %

NYSE:STAG traded up $0.20 during trading hours on Wednesday, reaching $35.20. The company’s stock had a trading volume of 877,886 shares, compared to its average volume of 1,280,953. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 33.84 and a beta of 1.09. The firm has a 50-day simple moving average of $34.26 and a 200-day simple moving average of $36.87. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36. STAG Industrial, Inc. has a 1 year low of $32.27 and a 1 year high of $41.63.

STAG Industrial (NYSE:STAG) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. Research analysts expect that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.1242 per share. The ex-dividend date is Monday, March 31st. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.23%. STAG Industrial’s dividend payout ratio is currently 143.27%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of STAG. Oregon Public Employees Retirement Fund boosted its position in STAG Industrial by 0.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,131 shares of the real estate investment trust’s stock valued at $1,256,000 after acquiring an additional 300 shares in the last quarter. Values First Advisors Inc. boosted its position in shares of STAG Industrial by 2.2% in the 4th quarter. Values First Advisors Inc. now owns 14,562 shares of the real estate investment trust’s stock worth $492,000 after purchasing an additional 307 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of STAG Industrial by 3.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 12,025 shares of the real estate investment trust’s stock worth $407,000 after buying an additional 347 shares during the last quarter. Peak Financial Advisors LLC increased its position in STAG Industrial by 3.0% during the 4th quarter. Peak Financial Advisors LLC now owns 12,415 shares of the real estate investment trust’s stock valued at $420,000 after buying an additional 356 shares in the last quarter. Finally, Hilltop National Bank raised its stake in STAG Industrial by 19.2% during the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock valued at $76,000 after buying an additional 362 shares during the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Analysts Set New Price Targets

STAG has been the subject of a number of analyst reports. Barclays cut their price objective on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 28th. Royal Bank of Canada cut their price target on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a report on Monday, January 27th. Raymond James upped their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Wells Fargo & Company dropped their price objective on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $40.38.

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.