STAG Industrial, Inc. (NYSE:STAG) EVP Sells $546,973.35 in Stock

STAG Industrial, Inc. (NYSE:STAG - Get Free Report) EVP Michael Chase sold 14,007 shares of the business's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $39.05, for a total value of $546,973.35. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

STAG Industrial Stock Performance

Shares of NYSE STAG traded down $0.85 during trading on Friday, reaching $32.45. 1,008,387 shares of the company traded hands, compared to its average volume of 1,119,781. The firm's fifty day simple moving average is $35.57 and its 200 day simple moving average is $37.56. The stock has a market cap of $5.91 billion, a P/E ratio of 32.78 and a beta of 1.09. STAG Industrial, Inc. has a 12-month low of $32.27 and a 12-month high of $41.63. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87.

STAG Industrial Dividend Announcement

The firm also recently announced a jan 25 dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st will be given a dividend of $0.1242 per share. STAG Industrial's dividend payout ratio (DPR) is presently 149.49%.

Institutional Investors Weigh In On STAG Industrial

Institutional investors have recently modified their holdings of the business. UMB Bank n.a. lifted its stake in STAG Industrial by 54.1% in the 3rd quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 306 shares in the last quarter. Coastline Trust Co purchased a new position in STAG Industrial in the 3rd quarter worth approximately $55,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in STAG Industrial in the 2nd quarter worth approximately $57,000. GAMMA Investing LLC lifted its stake in STAG Industrial by 72.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust's stock worth $61,000 after purchasing an additional 659 shares in the last quarter. Finally, Hilltop National Bank lifted its stake in STAG Industrial by 19.2% in the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust's stock worth $76,000 after purchasing an additional 362 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on STAG shares. Raymond James boosted their target price on STAG Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Barclays lowered their price target on STAG Industrial from $42.00 to $40.00 and set an "equal weight" rating for the company in a research report on Monday, October 28th. Finally, Wells Fargo & Company lowered their price target on STAG Industrial from $41.00 to $38.00 and set an "equal weight" rating for the company in a research report 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $41.00.

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.