STAG Industrial (NYSE:STAG) Sets New 12-Month Low After Insider Selling

STAG Industrial, Inc. (NYSE:STAG) reached a new 52-week low during mid-day trading on Friday after an insider sold shares in the company. The stock traded as low as $32.61 and last traded at $32.68, with a volume of 58955 shares. The stock had previously closed at $33.30.

Specifically, EVP Michael Chase sold 14,007 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $39.05, for a total transaction of $546,973.35. Following the transaction, the executive vice president now directly owns 9,422 shares of the company’s stock, valued at $367,929.10. This represents a 59.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Wall Street Analyst Weigh In

A number of brokerages have commented on STAG. Barclays decreased their price target on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Raymond James boosted their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company dropped their price target on shares of 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. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $41.00.

STAG Industrial Stock Down 2.6 %

The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $5.91 billion, a P/E ratio of 32.78 and a beta of 1.09. The stock’s 50-day simple moving average is $35.48 and its 200-day simple moving average is $37.55.

STAG Industrial Dividend Announcement

The firm also recently announced a jan 25 dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st will be issued a $0.1242 dividend. STAG Industrial’s dividend payout ratio is presently 149.49%.

Institutional Trading of STAG Industrial

A number of hedge funds have recently bought and sold shares of the business. UMB Bank n.a. increased its stake in shares of STAG Industrial by 54.1% during the 3rd quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 306 shares during the last quarter. Coastline Trust Co bought a new stake in shares of STAG Industrial in the third quarter valued at $55,000. GAMMA Investing LLC lifted its position in shares of STAG Industrial by 72.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 659 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of STAG Industrial during the 2nd quarter valued at $57,000. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of STAG Industrial by 63.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,229 shares of the real estate investment trust’s stock worth $80,000 after acquiring an additional 868 shares during the period. 88.67% of the stock is currently owned by institutional investors.

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.