Insider Selling: STAG Industrial, Inc. (NYSE:STAG) Director Sells $1,386,520.00 in Stock

STAG Industrial, Inc. (NYSE:STAG) Director Benjamin S. Butcher sold 34,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $40.78, for a total transaction of $1,386,520.00. Following the completion of the sale, the director now owns 8,758 shares in the company, valued at $357,151.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

STAG Industrial Stock Performance

Shares of STAG opened at $40.31 on Monday. The firm has a market cap of $7.34 billion, a price-to-earnings ratio of 40.31, a price-to-earnings-growth ratio of 5.78 and a beta of 1.09. The company’s fifty day moving average is $36.74 and its 200-day moving average is $36.88. The company has a quick ratio of 1.75, a current ratio of 1.60 and a debt-to-equity ratio of 0.82. STAG Industrial, Inc. has a 12 month low of $31.69 and a 12 month high of $41.63.

STAG Industrial Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be given a dividend of $0.1233 per share. This represents a yield of 3.63%. This is an increase from STAG Industrial’s previous dividend of $0.12. The ex-dividend date is Wednesday, July 31st. STAG Industrial’s dividend payout ratio is presently 148.00%.

Institutional Trading of STAG Industrial

A number of institutional investors and hedge funds have recently made changes to their positions in STAG. J.Safra Asset Management Corp increased its holdings in shares of STAG Industrial by 708.5% during the 1st quarter. J.Safra Asset Management Corp now owns 663 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 581 shares during the last quarter. Centerpoint Advisors LLC bought a new position in shares of STAG Industrial in the second quarter valued at approximately $25,000. Spire Wealth Management lifted its stake in shares of STAG Industrial by 124.1% in the fourth quarter. Spire Wealth Management now owns 688 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 381 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of STAG Industrial during the 1st quarter worth $29,000. Finally, HHM Wealth Advisors LLC acquired a new position in STAG Industrial in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Barclays lowered their price objective on shares of STAG Industrial from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday, May 24th. BNP Paribas started coverage on shares of STAG Industrial in a research report on Tuesday, June 4th. They issued a “neutral” rating and a $39.00 price target on the stock. Wedbush raised STAG Industrial from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $38.00 to $44.00 in a research note on Monday, July 22nd. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $42.00 target price (up from $41.00) on shares of STAG Industrial in a report on Monday, April 8th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, STAG Industrial has a consensus rating of “Hold” and an average target price of $39.50.

STAG Industrial Company Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.