Stag Industrial (NYSE:STAG) EVP Matts Pinard Sells 25,242 Shares

Stag Industrial, Inc. (NYSE:STAG) EVP Matts Pinard sold 25,242 shares of Stag Industrial stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $39.18, for a total transaction of $988,981.56. Following the sale, the executive vice president directly owned 951 shares of the company’s stock, valued at $37,260.18. The trade was a 96.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Stag Industrial Stock Performance

STAG opened at $39.28 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.90 and a quick ratio of 1.90. The business has a fifty day simple moving average of $37.73 and a 200 day simple moving average of $37.35. Stag Industrial, Inc. has a 1 year low of $28.61 and a 1 year high of $39.98. The company has a market capitalization of $7.50 billion, a PE ratio of 26.90 and a beta of 1.06.

Stag Industrial (NYSE:STAG) last announced its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 earnings per share (EPS) 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 company had revenue of $220.90 million during the quarter, compared to analysts’ expectations of $213.66 million. During the same quarter in the previous year, the business posted $0.61 earnings per share. Stag Industrial’s quarterly revenue was up 10.8% on a year-over-year basis. Research analysts expect that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Announces Dividend

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

Analysts Set New Price Targets

STAG has been the subject of a number of analyst reports. iA Financial set a $39.00 price target on shares of Stag Industrial in a research report on Tuesday, January 13th. Weiss Ratings restated a “buy (b)” rating on shares of Stag Industrial in a research note on Monday, December 22nd. Evercore reaffirmed an “outperform” rating on shares of Stag Industrial in a report on Friday, February 13th. JPMorgan Chase & Co. increased their target price on Stag Industrial from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Finally, Robert W. Baird set a $40.00 price target on Stag Industrial in a research report on Tuesday, February 17th. 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $39.50.

Hedge Funds Weigh In On Stag Industrial

Institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in shares of Stag Industrial during the fourth quarter worth about $239,000. Dean Capital Management boosted its position in Stag Industrial by 3.1% during the 4th quarter. Dean Capital Management now owns 48,361 shares of the real estate investment trust’s stock worth $1,778,000 after buying an additional 1,470 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in Stag Industrial by 1.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 30,515 shares of the real estate investment trust’s stock worth $1,122,000 after acquiring an additional 367 shares during the last quarter. Beacon Pointe Advisors LLC acquired a new position in Stag Industrial in the 4th quarter valued at approximately $237,000. Finally, State of Tennessee Department of Treasury increased its position in Stag Industrial by 4.1% in the 4th quarter. State of Tennessee Department of Treasury now owns 477,763 shares of the real estate investment trust’s stock valued at $17,921,000 after acquiring an additional 18,738 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

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.