Stag Industrial (NYSE:STAG) CEO William Crooker Sells 93,732 Shares of Stock

Stag Industrial, Inc. (NYSE:STAG) CEO William Crooker sold 93,732 shares of Stag Industrial stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $39.17, for a total transaction of $3,671,482.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Stag Industrial Stock Down 0.6%

STAG opened at $39.28 on Tuesday. The business’s fifty day simple moving average is $37.73 and its 200 day simple moving average is $37.35. Stag Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $39.98. 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 stock has a market cap of $7.50 billion, a PE ratio of 26.90 and a beta of 1.06.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. The firm had revenue of $220.90 million during the quarter, compared to analyst estimates of $213.66 million. Stag Industrial had a return on equity of 7.68% and a net margin of 32.35%.The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 earnings per share. As a group, research analysts expect that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The company 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. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.55 annualized dividend and a yield of 3.9%. Stag Industrial’s dividend payout ratio is currently 102.05%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Citigroup upped their price objective on shares of Stag Industrial from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Barclays restated an “underweight” rating and set a $39.00 price target (down from $40.00) on shares of Stag Industrial in a research report on Tuesday, January 13th. Wall Street Zen upgraded Stag Industrial from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Wells Fargo & Company boosted their target price on Stag Industrial from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Monday, November 10th. Finally, JPMorgan Chase & Co. raised their price target on Stag Industrial from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Stag Industrial presently has an average rating of “Hold” and an average price target of $39.50.

Hedge Funds Weigh In On Stag Industrial

A number of institutional investors have recently added to or reduced their stakes in the company. Park Avenue Securities LLC lifted its holdings in shares of Stag Industrial by 3.5% during the third quarter. Park Avenue Securities LLC now owns 7,639 shares of the real estate investment trust’s stock valued at $270,000 after purchasing an additional 260 shares during the last quarter. Benjamin Edwards Inc. boosted its position in Stag Industrial by 4.7% in the third 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 holdings in shares of Stag Industrial by 4.2% in the second quarter. ProShare Advisors LLC now owns 8,275 shares of the real estate investment trust’s stock worth $300,000 after buying an additional 332 shares during the last quarter. AlphaQuest LLC boosted its stake in shares of Stag Industrial by 3.3% during the 3rd quarter. AlphaQuest LLC now owns 10,875 shares of the real estate investment trust’s stock worth $384,000 after acquiring an additional 350 shares during the last quarter. Finally, IFG Advisory LLC lifted its position in Stag Industrial by 3.3% during 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 in the last quarter. Institutional investors own 88.67% of the company’s stock.

Stag Industrial Company Profile

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.