STAG Industrial, Inc. (NYSE:STAG) Director Benjamin S. Butcher Sells 50,000 Shares

STAG Industrial, Inc. (NYSE:STAG) Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the completion of the sale, the director now directly owns 9,632 shares of the company’s stock, valued at approximately $338,083.20. The trade was a 83.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

STAG Industrial Stock Performance

NYSE:STAG traded up $0.20 during trading on Wednesday, reaching $35.20. The company’s stock had a trading volume of 877,886 shares, compared to its average volume of 1,280,953. STAG Industrial, Inc. has a 12 month low of $32.27 and a 12 month high of $41.63. The firm has a market cap of $6.57 billion, a price-to-earnings ratio of 33.84 and a beta of 1.09. The firm has a 50 day moving average of $34.26 and a 200-day moving average of $36.87. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36.

STAG Industrial (NYSE:STAG) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. Research analysts expect that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.1242 per share. This represents a $1.49 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend is Monday, March 31st. STAG Industrial’s dividend payout ratio (DPR) is 143.27%.

Institutional Trading of STAG Industrial

Several hedge funds have recently made changes to their positions in the company. Sugar Maple Asset Management LLC purchased a new stake in STAG Industrial in the 4th quarter worth about $43,000. Coastline Trust Co purchased a new position in shares of STAG Industrial in the third quarter worth about $55,000. Quarry LP bought a new stake in shares of STAG Industrial in the fourth quarter valued at approximately $62,000. Hilltop National Bank boosted its holdings 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 buying an additional 362 shares during the period. Finally, Principal Securities Inc. grew its stake in STAG Industrial by 20.7% in the 4th quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 510 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Barclays reduced their price objective on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday, January 28th. Wells Fargo & Company cut their target price on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Royal Bank of Canada lowered their price target on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research report on Monday, January 27th. Finally, Raymond James lifted their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, STAG Industrial presently has an average rating of “Moderate Buy” and a consensus target price of $40.38.

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.