Insider Selling: Stag Industrial (NYSE:STAG) Director Sells $70,540.80 in Stock

Key Points

• Director Larry Guillemette sold 2,004 shares of Stag Industrial stock for a total of $70,540.80, reducing his ownership by 4.93% to 38,666 shares.
• Stag Industrial recently reported earnings of $0.63 per share, meeting analyst expectations, with revenue increasing by 9.4% year-over-year to $207.44 million.
• The company announced a monthly dividend of $0.1242 per share, yielding approximately 4.3% annually, with a payout ratio of 117.32%.

Stag Industrial, Inc. (NYSE:STAG - Get Free Report) Director Larry Guillemette sold 2,004 shares of the firm's stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $35.20, for a total transaction of $70,540.80. Following the transaction, the director directly owned 38,666 shares of the company's stock, valued at $1,361,043.20. The trade was a 4.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Stag Industrial Trading Down 1.5%

Shares of NYSE:STAG traded down $0.53 during trading on Wednesday, hitting $34.68. The company had a trading volume of 1,741,688 shares, compared to its average volume of 1,470,360. The company has a fifty day simple moving average of $35.64 and a two-hundred day simple moving average of $35.13. Stag Industrial, Inc. has a one year low of $28.61 and a one year high of $39.68. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market cap of $6.48 billion, a price-to-earnings ratio of 27.31 and a beta of 0.94.

Stag Industrial (NYSE:STAG - Get Free Report) last issued its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share for the quarter, meeting analysts' consensus estimates of $0.63. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%.The business had revenue of $207.44 million during the quarter, compared to analyst estimates of $206.37 million. During the same period in the previous year, the company posted $0.61 EPS. Stag Industrial's revenue was up 9.4% on a year-over-year basis. As a group, equities analysts forecast that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a dividend of $0.1242 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. Stag Industrial's payout ratio is currently 117.32%.

Institutional Trading of Stag Industrial

A number of hedge funds have recently made changes to their positions in STAG. ProShare Advisors LLC lifted its holdings in shares of Stag Industrial by 7.4% in the 4th quarter. ProShare Advisors LLC now owns 8,525 shares of the real estate investment trust's stock worth $288,000 after purchasing an additional 587 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Stag Industrial by 1.5% during the fourth quarter. Royal Bank of Canada now owns 434,185 shares of the real estate investment trust's stock worth $14,685,000 after purchasing an additional 6,226 shares during the period. Tidal Investments LLC lifted its holdings in shares of Stag Industrial by 248.3% during the 4th quarter. Tidal Investments LLC now owns 18,517 shares of the real estate investment trust's stock valued at $626,000 after buying an additional 13,201 shares during the last quarter. Squarepoint Ops LLC raised its position in Stag Industrial by 15.4% during the fourth quarter. Squarepoint Ops LLC now owns 43,448 shares of the real estate investment trust's stock valued at $1,469,000 after acquiring an additional 5,804 shares in the last quarter. Finally, GF Fund Management CO. LTD. acquired a new position in shares of Stag Industrial during the 4th quarter worth $112,000. Hedge funds and other institutional investors own 88.67% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI lifted their price target on Stag Industrial from $40.00 to $41.00 and gave the stock an "outperform" rating in a report on Monday, September 15th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $38.33.

About Stag Industrial

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.

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