Matts Pinard Sells 25,242 Shares of Stag Industrial (NYSE:STAG) Stock

Stag Industrial, Inc. (NYSE:STAG) EVP Matts Pinard sold 25,242 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $39.18, for a total value of $988,981.56. Following the completion of the transaction, the executive vice president owned 951 shares in the company, valued at approximately $37,260.18. This represents a 96.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Stag Industrial Stock Performance

Shares of NYSE:STAG opened at $38.78 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.89. Stag Industrial, Inc. has a 1-year low of $28.61 and a 1-year high of $39.98. The stock has a market capitalization of $7.41 billion, a P/E ratio of 26.56 and a beta of 1.06. The business has a 50-day moving average price of $37.76 and a two-hundred day moving average price of $37.38.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. The company had revenue of $220.90 million during the quarter, compared to analysts’ expectations of $213.66 million. Stag Industrial had a net margin of 32.35% and a return on equity of 7.68%. Stag Industrial’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 EPS. Equities analysts predict that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.3875 per share. The ex-dividend date is Tuesday, March 31st. This represents a $1.55 annualized dividend and a dividend yield of 4.0%. Stag Industrial’s payout ratio is presently 102.05%.

Institutional Investors Weigh In On Stag Industrial

Several large investors have recently modified their holdings of STAG. Clearstead Advisors LLC grew its position in shares of Stag Industrial by 193.6% in the 4th quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 482 shares during the period. Measured Wealth Private Client Group LLC bought a new position in Stag Industrial in the third quarter valued at approximately $27,000. Root Financial Partners LLC bought a new position in Stag Industrial in the third quarter valued at approximately $43,000. International Assets Investment Management LLC acquired a new position in shares of Stag Industrial in the fourth quarter valued at approximately $51,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Stag Industrial by 270.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 1,048 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Barclays restated an “underweight” rating and issued a $39.00 price target (down from $40.00) on shares of Stag Industrial in a research report on Tuesday, January 13th. Royal Bank Of Canada raised their target price on Stag Industrial from $38.00 to $42.00 and gave the stock a “sector perform” rating in a report on Thursday, November 6th. Wells Fargo & Company boosted their target price on Stag Industrial from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Monday, November 10th. Wall Street Zen upgraded shares of Stag Industrial from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Evercore reissued an “outperform” rating on shares of Stag Industrial in a research note on Friday, February 13th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $39.50.

About Stag Industrial

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.