Insider Selling: Stag Industrial (NYSE:STAG) CEO Sells $3,671,482.44 in Stock

Stag Industrial, Inc. (NYSE:STAG) CEO William Crooker sold 93,732 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $39.17, for a total transaction of $3,671,482.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Stag Industrial Price Performance

NYSE:STAG opened at $38.57 on Thursday. The business’s 50-day simple moving average is $37.78 and its two-hundred day simple moving average is $37.39. Stag Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $39.98. The stock has a market cap of $7.37 billion, a PE ratio of 26.42 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 released its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. Stag Industrial had a return on equity of 7.68% and a net margin of 32.35%.The firm had revenue of $220.90 million during the quarter, compared to analysts’ expectations of $213.66 million. During the same quarter last year, the business posted $0.61 earnings per share. The firm’s revenue was up 10.8% on a year-over-year basis. As a group, analysts forecast that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Announces Dividend

The business 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. This represents a $1.55 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, March 31st. Stag Industrial’s payout ratio is 102.05%.

Institutional Investors Weigh In On Stag Industrial

Several large investors have recently added to or reduced their stakes in STAG. Channing Capital Management LLC boosted its stake in shares of Stag Industrial by 8.3% during the 3rd quarter. Channing Capital Management LLC now owns 2,186,846 shares of the real estate investment trust’s stock worth $77,174,000 after purchasing an additional 167,093 shares during the period. Knights of Columbus Asset Advisors LLC purchased a new position in shares of Stag Industrial during the third quarter valued at approximately $1,127,000. Versor Investments LP purchased a new position in shares of Stag Industrial during the third quarter valued at approximately $922,000. Wolverine Asset Management LLC grew its stake in shares of Stag Industrial by 408.0% during the third quarter. Wolverine Asset Management LLC now owns 129,263 shares of the real estate investment trust’s stock valued at $4,562,000 after buying an additional 103,820 shares during the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of Stag Industrial by 5.6% in the third quarter. New York State Common Retirement Fund now owns 1,111,531 shares of the real estate investment trust’s stock worth $39,226,000 after buying an additional 58,958 shares during the period. 88.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on STAG. Wells Fargo & Company lifted their price target on shares of Stag Industrial from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Monday, November 10th. Weiss Ratings restated a “buy (b)” rating on shares of Stag Industrial in a research report on Monday, December 22nd. Royal Bank Of Canada boosted their target price 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 price target on Stag Industrial in a report on Tuesday, January 13th. Finally, Barclays reaffirmed an “underweight” rating and issued a $39.00 price objective (down from $40.00) on shares of Stag Industrial in a research note on Tuesday, January 13th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $39.50.

Stag Industrial Company Profile

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.