Virgis Colbert Sells 18,000 Shares of Stag Industrial (NYSE:STAG) Stock

Stag Industrial, Inc. (NYSE:STAG) Director Virgis Colbert sold 18,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $38.08, for a total value of $685,440.00. Following the sale, the director directly owned 4,210 shares in the company, valued at approximately $160,316.80. This represents a 81.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Stag Industrial Price Performance

Shares of STAG opened at $38.78 on Wednesday. The stock has a 50 day simple moving average of $37.76 and a 200 day simple moving average of $37.38. Stag Industrial, Inc. has a 52-week low of $28.61 and a 52-week high of $39.98. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market capitalization of $7.41 billion, a PE ratio of 26.56 and a beta of 1.06.

Stag Industrial (NYSE:STAG) last announced its 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 firm had revenue of $220.90 million for the quarter, compared to the consensus estimate of $213.66 million. Stag Industrial had a net margin of 32.35% and a return on equity of 7.68%. The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the company posted $0.61 EPS. Sell-side analysts predict that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Dividend Announcement

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

Institutional Investors Weigh In On Stag Industrial

Institutional investors and hedge funds have recently made changes to their positions in the stock. Knights of Columbus Asset Advisors LLC acquired a new position in shares of Stag Industrial during the 3rd quarter worth about $1,127,000. Channing Capital Management LLC grew its holdings in Stag Industrial by 8.3% during the third quarter. Channing Capital Management LLC now owns 2,186,846 shares of the real estate investment trust’s stock worth $77,174,000 after purchasing an additional 167,093 shares during the period. Versor Investments LP acquired a new position in Stag Industrial during the third quarter worth approximately $922,000. Wolverine Asset Management LLC raised its stake in Stag Industrial by 408.0% in the third quarter. Wolverine Asset Management LLC now owns 129,263 shares of the real estate investment trust’s stock valued at $4,562,000 after buying an additional 103,820 shares during the period. Finally, New York State Common Retirement Fund lifted its position in shares of Stag Industrial by 5.6% in the third quarter. New York State Common Retirement Fund now owns 1,111,531 shares of the real estate investment trust’s stock valued at $39,226,000 after buying an additional 58,958 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on STAG. iA Financial set a $39.00 price target on Stag Industrial in a research note on Tuesday, January 13th. Wells Fargo & Company boosted their target price on Stag Industrial from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Monday, November 10th. Citigroup upped their price target on Stag Industrial from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Evercore reiterated an “outperform” rating on shares of Stag Industrial in a report on Friday, February 13th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Stag Industrial in a report on Monday, December 22nd. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $39.50.

Stag Industrial Company Profile

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.