Stag Industrial (NYSE:STAG) Director Larry Guillemette Sells 2,004 Shares

Stag Industrial, Inc. (NYSE:STAG) Director Larry Guillemette sold 2,004 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $35.20, for a total value of $70,540.80. Following the transaction, the director directly owned 38,666 shares of the company’s stock, valued at $1,361,043.20. The trade was a 4.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Stag Industrial Stock Down 0.3%

Shares of NYSE STAG opened at $34.52 on Friday. Stag Industrial, Inc. has a 12 month low of $28.61 and a 12 month high of $39.68. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $6.44 billion, a price-to-earnings ratio of 27.18 and a beta of 0.94. The business has a 50-day moving average of $35.60 and a 200-day moving average of $35.11.

Stag Industrial (NYSE:STAG) last issued its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.63. The business had revenue of $207.44 million during the quarter, compared to analyst estimates of $206.37 million. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%.Stag Industrial’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 earnings per share. Sell-side analysts expect that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a $0.1242 dividend. The ex-dividend date was Friday, August 29th. This represents a c) annualized dividend and a yield of 4.3%. Stag Industrial’s payout ratio is presently 117.32%.

Hedge Funds Weigh In On Stag Industrial

A number of hedge funds and other institutional investors have recently made changes to their positions in STAG. ProShare Advisors LLC raised its holdings in shares of Stag Industrial by 7.4% during the fourth quarter. ProShare Advisors LLC now owns 8,525 shares of the real estate investment trust’s stock valued at $288,000 after acquiring an additional 587 shares in the last quarter. Royal Bank of Canada raised its holdings in Stag Industrial by 1.5% in the fourth quarter. Royal Bank of Canada now owns 434,185 shares of the real estate investment trust’s stock worth $14,685,000 after purchasing an additional 6,226 shares in the last quarter. Tidal Investments LLC grew its stake in shares of Stag Industrial by 248.3% in the fourth quarter. Tidal Investments LLC now owns 18,517 shares of the real estate investment trust’s stock worth $626,000 after acquiring an additional 13,201 shares during the last quarter. Squarepoint Ops LLC grew its stake in shares of Stag Industrial by 15.4% in the fourth quarter. Squarepoint Ops LLC now owns 43,448 shares of the real estate investment trust’s stock worth $1,469,000 after acquiring an additional 5,804 shares during the last quarter. Finally, GF Fund Management CO. LTD. purchased a new stake in shares of Stag Industrial in the fourth quarter worth $112,000. Institutional investors own 88.67% of the company’s stock.

Analyst Ratings Changes

Separately, Evercore ISI boosted their price objective on Stag Industrial from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $38.33.

About Stag Industrial

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.