Stag Industrial (NYSE:STAG) Director Virgis Colbert Sells 18,000 Shares of 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 shares were sold at an average price of $38.08, for a total value of $685,440.00. Following the transaction, the director owned 4,210 shares of the company’s stock, valued at $160,316.80. This represents a 81.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Stag Industrial Stock Performance

NYSE:STAG opened at $39.28 on Tuesday. The company has a market cap of $7.50 billion, a price-to-earnings ratio of 26.90 and a beta of 1.06. Stag Industrial, Inc. has a 1 year low of $28.61 and a 1 year high of $39.98. The stock’s 50 day simple moving average is $37.73 and its two-hundred day simple moving average is $37.35. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.90 and a quick ratio of 1.90.

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

Stag Industrial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.3875 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $1.55 dividend on an annualized basis and a dividend yield of 3.9%. Stag Industrial’s payout ratio is 102.05%.

Analyst Upgrades and Downgrades

STAG has been the subject of several recent research reports. Royal Bank Of Canada lifted their price target on Stag Industrial from $38.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 6th. iA Financial set a $39.00 target price on Stag Industrial in a report on Tuesday, January 13th. Citigroup boosted their target price on Stag Industrial from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Barclays restated an “underweight” rating and issued a $39.00 price target (down from $40.00) on shares of Stag Industrial in a research report on Tuesday, January 13th. Finally, Evercore reiterated an “outperform” rating on shares of Stag Industrial in a research report on Friday, February 13th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Stag Industrial currently has an average rating of “Hold” and an average price target of $39.50.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC lifted its holdings in Stag Industrial by 17.6% during the 1st quarter. NewEdge Advisors LLC now owns 9,952 shares of the real estate investment trust’s stock valued at $359,000 after buying an additional 1,491 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Stag Industrial by 37.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust’s stock worth $60,391,000 after acquiring an additional 451,355 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Stag Industrial during the first quarter worth approximately $229,000. Asset Management One Co. Ltd. raised its stake in shares of Stag Industrial by 3.6% during the second quarter. Asset Management One Co. Ltd. now owns 390,201 shares of the real estate investment trust’s stock valued at $14,156,000 after acquiring an additional 13,667 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Stag Industrial by 2.0% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 206,515 shares of the real estate investment trust’s stock valued at $7,492,000 after acquiring an additional 4,019 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

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.