Benjamin S. Butcher Sells 50,000 Shares of STAG Industrial, Inc. (NYSE:STAG) Stock

STAG Industrial, Inc. (NYSE:STAG - Get Free Report) Director Benjamin S. Butcher sold 50,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total value of $1,755,000.00. Following the transaction, the director now owns 9,632 shares in the company, valued at approximately $338,083.20. This trade represents a 83.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

STAG Industrial Stock Up 0.1 %

STAG Industrial stock traded up $0.04 during midday trading on Friday, reaching $35.17. The stock had a trading volume of 1,049,667 shares, compared to its average volume of 1,257,896. The firm's fifty day simple moving average is $34.22 and its 200-day simple moving average is $36.82. STAG Industrial, Inc. has a 1-year low of $32.27 and a 1-year high of $41.63. The stock has a market capitalization of $6.56 billion, a P/E ratio of 33.81 and a beta of 1.09. 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 (NYSE:STAG - Get Free Report) last announced its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. As a group, analysts expect that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $0.1242 dividend. This represents a yield of 4.25%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from STAG Industrial's previous dividend of $0.12. STAG Industrial's dividend payout ratio (DPR) is currently 143.27%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on STAG shares. Wells Fargo & Company dropped their price target on STAG Industrial from $41.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Monday, November 4th. Royal Bank of Canada dropped their price target on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a research report on Monday, January 27th. Barclays dropped their price target on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 28th. Finally, Raymond James raised their price target on STAG Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $40.38.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of STAG. FMR LLC grew its stake in STAG Industrial by 145.5% in 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 purchasing an additional 4,111,268 shares in the last quarter. Norges Bank bought a new position in STAG Industrial in the fourth quarter valued at approximately $75,471,000. Raymond James Financial Inc. bought a new position in STAG Industrial in the fourth quarter valued at approximately $57,561,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in STAG Industrial by 442.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,364,411 shares of the real estate investment trust's stock valued at $46,144,000 after purchasing an additional 1,112,757 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in STAG Industrial by 330.5% in the third quarter. Bank of Montreal Can now owns 1,346,149 shares of the real estate investment trust's stock valued at $52,823,000 after purchasing an additional 1,033,485 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

STAG Industrial Company Profile

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.