Michael Chase Sells 14,007 Shares of STAG Industrial, Inc. (NYSE:STAG) Stock

STAG Industrial, Inc. (NYSE:STAG) EVP Michael Chase sold 14,007 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $39.05, for a total value of $546,973.35. Following the completion of the transaction, the executive vice president now owns 9,422 shares of the company’s stock, valued at $367,929.10. This trade represents a 59.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

STAG Industrial Stock Down 2.6 %

STAG Industrial stock opened at $32.45 on Friday. The firm has a 50 day simple moving average of $35.48 and a 200 day simple moving average of $37.55. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87. STAG Industrial, Inc. has a 1-year low of $32.27 and a 1-year high of $41.63. The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of 32.78 and a beta of 1.09.

STAG Industrial Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on STAG. Barclays reduced 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 report on Monday, October 28th. Wells Fargo & Company decreased their price target on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Finally, Raymond James upped their price objective on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $41.00.

Institutional Trading of STAG Industrial

A number of institutional investors have recently added to or reduced their stakes in STAG. UMB Bank n.a. increased its position in shares of STAG Industrial by 54.1% during the third quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 306 shares during the period. Hilltop National Bank increased its stake in STAG Industrial by 19.2% in the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock worth $76,000 after acquiring an additional 362 shares during the last quarter. Resources Management Corp CT ADV raised its holdings in shares of STAG Industrial by 1.3% in the 2nd quarter. Resources Management Corp CT ADV now owns 29,475 shares of the real estate investment trust’s stock valued at $1,063,000 after acquiring an additional 370 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of STAG Industrial by 0.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 107,571 shares of the real estate investment trust’s stock valued at $4,204,000 after acquiring an additional 390 shares during the last quarter. Finally, Atria Investments Inc grew its holdings in shares of STAG Industrial by 1.6% during the third quarter. Atria Investments Inc now owns 26,428 shares of the real estate investment trust’s stock worth $1,033,000 after purchasing an additional 414 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

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.