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.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be given a $0.1183 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.42 annualized dividend and a yield of 5.41%. Stag Industrial’s dividend payout ratio is currently 256.36%.

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.

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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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