Insider Selling: STAG Industrial, Inc. (NYSE:STAG) Director Sells 34,000 Shares of Stock

STAG Industrial, Inc. (NYSE:STAG) Director Benjamin S. Butcher sold 34,000 shares of STAG Industrial stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $40.78, for a total value of $1,386,520.00. Following the sale, the director now directly owns 8,758 shares of the company’s stock, valued at $357,151.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

STAG Industrial Stock Down 1.6 %

Shares of NYSE:STAG opened at $40.31 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.75 and a current ratio of 1.60. STAG Industrial, Inc. has a 52-week low of $31.69 and a 52-week high of $41.63. The company has a market capitalization of $7.34 billion, a PE ratio of 40.31, a price-to-earnings-growth ratio of 5.78 and a beta of 1.09. The company has a fifty day moving average of $36.74 and a 200-day moving average of $36.88.

STAG Industrial Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be issued a dividend of $0.1233 per share. This is a boost from STAG Industrial’s previous dividend of $0.12. This represents a dividend yield of 3.63%. The ex-dividend date of this dividend is Wednesday, July 31st. STAG Industrial’s payout ratio is 148.00%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on STAG. Wedbush upgraded shares of STAG Industrial from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $38.00 to $44.00 in a research note on Monday, July 22nd. Barclays reduced their target price on STAG Industrial from $40.00 to $39.00 and set an “equal weight” rating on the stock in a report on Friday, May 24th. BNP Paribas assumed coverage on STAG Industrial in a research note on Tuesday, June 4th. They issued a “neutral” rating and a $39.00 price target for the company. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $42.00 price objective (up from $41.00) on shares of STAG Industrial in a research note on Monday, April 8th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, STAG Industrial has a consensus rating of “Hold” and a consensus price target of $39.50.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. J.Safra Asset Management Corp raised its stake in shares of STAG Industrial by 708.5% during the first quarter. J.Safra Asset Management Corp now owns 663 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 581 shares during the last quarter. Spire Wealth Management lifted its holdings in STAG Industrial by 124.1% during the 4th quarter. Spire Wealth Management now owns 688 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 381 shares during the period. Centerpoint Advisors LLC acquired a new stake in shares of STAG Industrial in the second quarter valued at about $25,000. Fidelis Capital Partners LLC bought a new position in shares of STAG Industrial during the first quarter worth about $29,000. Finally, HHM Wealth Advisors LLC bought a new stake in STAG Industrial in the fourth quarter valued at approximately $31,000. Institutional investors own 88.67% of the company’s stock.

About STAG Industrial

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.