Insider Selling: Stag Industrial (NYSE:STAG) EVP Sells 25,242 Shares of Stock

Stag Industrial, Inc. (NYSE:STAG) EVP Matts Pinard sold 25,242 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $39.18, for a total value of $988,981.56. Following the completion of the sale, the executive vice president 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 link.

Stag Industrial Stock Down 0.6%

STAG stock traded down $0.25 during trading on Monday, hitting $39.28. 1,583,250 shares of the company’s stock traded hands, compared to its average volume of 1,632,827. Stag Industrial, Inc. has a 1 year low of $28.61 and a 1 year high of $39.98. The business has a fifty day simple moving average of $37.70 and a two-hundred day simple moving average of $37.32. The firm has a market capitalization of $7.50 billion, a P/E ratio of 26.90 and a beta of 1.06. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.89.

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

Stag Industrial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $0.3875 dividend. This represents a $1.55 annualized dividend and a yield of 3.9%. The ex-dividend date is Tuesday, March 31st. Stag Industrial’s dividend payout ratio is currently 106.16%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on STAG shares. Barclays reiterated an “underweight” rating and issued a $39.00 target price (down previously from $40.00) on shares of Stag Industrial in a research report on Tuesday, January 13th. iA Financial set a $39.00 price target on Stag Industrial in a report on Tuesday, January 13th. Royal Bank Of Canada increased their price objective 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. Weiss Ratings reissued a “buy (b)” rating on shares of Stag Industrial in a research note on Monday, December 22nd. Finally, Wells Fargo & Company increased their target price on Stag Industrial from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Monday, November 10th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Stag Industrial has an average rating of “Hold” and an average price target of $39.50.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Clearstead Advisors LLC grew its holdings in shares of Stag Industrial by 193.6% during the fourth quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 482 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in Stag Industrial during the 3rd quarter valued at $27,000. Root Financial Partners LLC purchased a new stake in Stag Industrial during the 3rd quarter worth approximately $43,000. International Assets Investment Management LLC bought a new position in shares of Stag Industrial during the fourth quarter worth about $51,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Stag Industrial by 270.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 1,048 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.