Insider Selling: Stag Industrial (NYSE:STAG) Director Sells $685,440.00 in Stock

Stag Industrial, Inc. (NYSE:STAG) Director Virgis Colbert sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $38.08, for a total value of $685,440.00. Following the sale, the director directly owned 4,210 shares of the company’s stock, valued at $160,316.80. This represents a 81.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Stag Industrial Stock Performance

STAG stock opened at $38.57 on Thursday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.89. The business’s fifty day simple moving average is $37.78 and its two-hundred day simple moving average is $37.39. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $39.98. The firm has a market cap of $7.37 billion, a price-to-earnings ratio of 26.42 and a beta of 1.06.

Stag Industrial (NYSE:STAG) last released its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.03. The business had revenue of $220.90 million during the quarter, compared to the consensus estimate of $213.66 million. Stag Industrial had a return on equity of 7.68% and a net margin of 32.35%.The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the company earned $0.61 earnings per share. Analysts predict that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Tuesday, March 31st. Stag Industrial’s dividend payout ratio is currently 102.05%.

Analysts Set New Price Targets

STAG has been the subject of a number of research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Stag Industrial in a report on Monday, December 22nd. Royal Bank Of Canada lifted their target price on Stag Industrial from $38.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday, November 6th. Robert W. Baird set a $40.00 target price on Stag Industrial in a report on Tuesday, February 17th. Wall Street Zen raised Stag Industrial from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, JPMorgan Chase & Co. lifted their price objective on Stag Industrial from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $39.50.

Institutional Trading of Stag Industrial

A number of hedge funds have recently bought and sold shares of STAG. Park Avenue Securities LLC boosted its position in Stag Industrial by 3.5% during the 3rd quarter. Park Avenue Securities LLC now owns 7,639 shares of the real estate investment trust’s stock valued at $270,000 after acquiring an additional 260 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in shares of Stag Industrial by 4.7% during the 3rd quarter. Benjamin Edwards Inc. now owns 6,230 shares of the real estate investment trust’s stock worth $220,000 after purchasing an additional 282 shares during the last quarter. ProShare Advisors LLC boosted its position in Stag Industrial by 4.2% during the second quarter. ProShare Advisors LLC now owns 8,275 shares of the real estate investment trust’s stock valued at $300,000 after purchasing an additional 332 shares in the last quarter. AlphaQuest LLC boosted its position in Stag Industrial by 3.3% during the third quarter. AlphaQuest LLC now owns 10,875 shares of the real estate investment trust’s stock valued at $384,000 after purchasing an additional 350 shares in the last quarter. Finally, IFG Advisory LLC grew its stake in Stag Industrial by 3.3% in the third quarter. IFG Advisory LLC now owns 11,118 shares of the real estate investment trust’s stock valued at $392,000 after purchasing an additional 351 shares during the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

About Stag Industrial

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.