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STAG Industrial (NASDAQ:STAG) CEO Benjamin S. Butcher unloaded 1,853 shares of the company’s stock on the open market in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $22.76, for a total transaction of $42,174.28. Following the sale, the chief executive officer now directly owns 92,624 shares in the company, valued at approximately $2,108,122. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Separately, analysts at Sandler O’Neill initiated coverage on shares of STAG Industrial in a research note on Monday, July 21st. They set a “buy” rating and a $27.00 price target on the stock. Five analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus price target of $25.60.

Shares of STAG Industrial (NASDAQ:STAG) traded up 0.80% on Wednesday, hitting $22.71. The stock had a trading volume of 290,721 shares. STAG Industrial has a 52-week low of $18.76 and a 52-week high of $25.19. The stock has a 50-day moving average of $23.62 and a 200-day moving average of $23.50. The company’s market cap is $1.255 billion.

STAG Industrial (NASDAQ:STAG) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. The company had revenue of $41.70 million for the quarter, compared to the consensus estimate of $40.28 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. On average, analysts predict that STAG Industrial will post $1.48 earnings per share for the current fiscal year.

The company also recently announced a monthly dividend, which is scheduled for Monday, December 15th. Investors of record on Friday, November 28th will be paid a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.86%. The ex-dividend date is Tuesday, November 25th.

STAG Industrial, Inc is an integrated, full-service real estate company focused on the acquisition, ownership and management of single-tenant industrial properties throughout the United States.

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