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

STAG Industrial, Inc. (NYSE:STAG) hit a new 52-week low during 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 trading hands. The stock had previously closed at $33.30.

Specifically, EVP Michael Chase sold 14,007 shares of the firm’s stock in a transaction that occurred 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 directly owns 9,422 shares of the company’s stock, valued at approximately $367,929.10. This trade represents a 59.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Raymond James increased their target price on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Barclays dropped their price objective on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. Finally, Wells Fargo & Company reduced their target price on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

STAG Industrial Stock Performance

The company has a 50-day moving average of $35.48 and a 200 day moving average of $37.55. The firm has a market capitalization of $5.91 billion, a PE ratio of 32.78 and a beta of 1.09. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87.

STAG Industrial Dividend Announcement

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

Hedge Funds Weigh In On STAG Industrial

A number of hedge funds and other institutional investors have recently bought and sold shares of STAG. UMB Bank n.a. lifted its holdings 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 acquiring an additional 306 shares during the last quarter. Coastline Trust Co purchased a new stake in shares of STAG Industrial during the third quarter valued at approximately $55,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of STAG Industrial during the second quarter valued at approximately $57,000. GAMMA Investing LLC raised its holdings in STAG Industrial by 72.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 659 shares in the last quarter. Finally, Hilltop National Bank lifted its holdings in STAG Industrial by 19.2% in the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock worth $76,000 after buying an additional 362 shares during the period. Hedge funds and other institutional investors own 88.67% of the company’s stock.

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.