Stag Industrial Inc (STAG) EVP Sells $161,313.70 in Stock

Stag Industrial Inc (NYSE:STAG) EVP Peter S. Fearey sold 6,595 shares of the business’s stock in a transaction dated Monday, January 7th. The stock was sold at an average price of $24.46, for a total value of $161,313.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of STAG stock opened at $26.10 on Friday. Stag Industrial Inc has a one year low of $22.42 and a one year high of $29.07. The company has a market capitalization of $2.65 billion, a P/E ratio of 15.44, a P/E/G ratio of 2.62 and a beta of 1.00. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.89.

Stag Industrial (NYSE:STAG) last announced its earnings results on Thursday, November 1st. The real estate investment trust reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.38). Stag Industrial had a net margin of 14.96% and a return on equity of 3.74%. The company had revenue of $89.00 million during the quarter, compared to the consensus estimate of $87.49 million. During the same quarter in the previous year, the company earned $0.43 earnings per share. The business’s revenue was up 14.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Stag Industrial Inc will post 1.77 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Point72 Hong Kong Ltd boosted its holdings in Stag Industrial by 161.6% in the third quarter. Point72 Hong Kong Ltd now owns 3,922 shares of the real estate investment trust’s stock valued at $108,000 after acquiring an additional 2,423 shares during the last quarter. Canton Hathaway LLC bought a new stake in Stag Industrial in the third quarter valued at approximately $140,000. First Hawaiian Bank bought a new stake in Stag Industrial in the third quarter valued at approximately $148,000. Private Advisor Group LLC bought a new stake in Stag Industrial in the second quarter valued at approximately $212,000. Finally, Virtu Financial LLC bought a new stake in Stag Industrial in the third quarter valued at approximately $215,000. Institutional investors and hedge funds own 83.61% of the company’s stock.

STAG has been the subject of several recent research reports. Zacks Investment Research raised Stag Industrial from a “sell” rating to a “hold” rating in a research note on Friday, November 2nd. DA Davidson lowered their price objective on Stag Industrial to $27.00 and set a “neutral” rating for the company in a research note on Tuesday, January 1st. Raymond James lowered their price objective on Stag Industrial from $29.50 to $28.50 and set an “outperform” rating for the company in a research note on Monday, November 5th. Finally, JMP Securities reaffirmed an “outperform” rating on shares of Stag Industrial in a research note on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Stag Industrial presently has an average rating of “Hold” and an average target price of $28.07.

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About Stag Industrial

STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (“REIT”) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.

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