Stephen C. Mecke Sells 30,000 Shares of Stag Industrial Inc (STAG) Stock
Stag Industrial Inc (NYSE:STAG) COO Stephen C. Mecke sold 30,000 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $26.41, for a total transaction of $792,300.00. Following the completion of the transaction, the chief operating officer now directly owns 32,000 shares of the company’s stock, valued at approximately $845,120. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Stag Industrial Inc (NYSE:STAG) traded down $0.18 on Tuesday, reaching $26.23. 674,162 shares of the company traded hands, compared to its average volume of 569,716. The company has a market cap of $2,470.00, a PE ratio of 47.69, a P/E/G ratio of 2.70 and a beta of 1.26. Stag Industrial Inc has a 1-year low of $22.70 and a 1-year high of $28.95. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.62.
Stag Industrial (NYSE:STAG) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. The business had revenue of $78.14 million for the quarter, compared to analysts’ expectations of $76.17 million. Stag Industrial had a net margin of 18.96% and a return on equity of 5.72%. The firm’s revenue was up 24.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 EPS. equities research analysts predict that Stag Industrial Inc will post 1.68 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. lifted its position in Stag Industrial by 7.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 361,585 shares of the real estate investment trust’s stock worth $9,980,000 after buying an additional 26,409 shares in the last quarter. SG Americas Securities LLC lifted its position in Stag Industrial by 55.6% during the 2nd quarter. SG Americas Securities LLC now owns 10,249 shares of the real estate investment trust’s stock worth $283,000 after buying an additional 3,662 shares in the last quarter. Federated Investors Inc. PA bought a new stake in Stag Industrial during the 2nd quarter worth about $203,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Stag Industrial by 6.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,332 shares of the real estate investment trust’s stock worth $451,000 after buying an additional 980 shares in the last quarter. Finally, Swiss National Bank lifted its position in Stag Industrial by 9.7% during the 2nd quarter. Swiss National Bank now owns 136,700 shares of the real estate investment trust’s stock worth $3,773,000 after buying an additional 12,100 shares in the last quarter. 82.06% of the stock is currently owned by institutional investors and hedge funds.
STAG has been the subject of several research analyst reports. TheStreet raised shares of Stag Industrial from a “c” rating to a “b-” rating in a report on Tuesday, November 14th. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Stag Industrial in a report on Friday, November 3rd. Jefferies Group reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Stag Industrial in a research report on Tuesday, September 26th. JPMorgan Chase & Co. raised shares of Stag Industrial from a “neutral” rating to an “overweight” rating and set a $30.00 price objective on the stock in a research report on Friday, December 15th. Finally, BidaskClub raised shares of Stag Industrial from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $28.50.
Stag Industrial Company Profile
STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.
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