STAG Industrial, Inc. (NYSE:STAG) Director Benjamin S. Butcher Sells 34,000 Shares

STAG Industrial, Inc. (NYSE:STAG) Director Benjamin S. Butcher sold 34,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $40.78, for a total transaction of $1,386,520.00. Following the sale, the director now owns 8,758 shares in the company, valued at $357,151.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

STAG Industrial Trading Down 1.6 %

NYSE:STAG traded down $0.66 during mid-day trading on Friday, hitting $40.32. 1,321,674 shares of the stock traded hands, compared to its average volume of 1,131,821. The stock has a market capitalization of $7.34 billion, a price-to-earnings ratio of 40.32, a PEG ratio of 5.76 and a beta of 1.09. STAG Industrial, Inc. has a 52 week low of $31.69 and a 52 week high of $41.63. The firm’s 50 day moving average is $36.74 and its two-hundred day moving average is $36.89. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.78.

STAG Industrial Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be paid a $0.1233 dividend. This is an increase from STAG Industrial’s previous dividend of $0.12. This represents a yield of 3.63%. The ex-dividend date of this dividend is Wednesday, July 31st. STAG Industrial’s dividend payout ratio is currently 148.00%.

Hedge Funds Weigh In On STAG Industrial

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in STAG Industrial by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 26,237,263 shares of the real estate investment trust’s stock worth $1,008,560,000 after acquiring an additional 176,332 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of STAG Industrial by 22.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,248,373 shares of the real estate investment trust’s stock worth $206,051,000 after purchasing an additional 961,420 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of STAG Industrial by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,832,545 shares of the real estate investment trust’s stock worth $111,206,000 after purchasing an additional 104,190 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of STAG Industrial by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,660,590 shares of the real estate investment trust’s stock worth $104,456,000 after purchasing an additional 39,739 shares during the period. Finally, Boston Trust Walden Corp lifted its position in shares of STAG Industrial by 1.0% in the 2nd quarter. Boston Trust Walden Corp now owns 2,552,752 shares of the real estate investment trust’s stock worth $92,052,000 after purchasing an additional 25,779 shares during the period. 88.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. BMO Capital Markets restated an “outperform” rating and set a $42.00 price objective (up from $41.00) on shares of STAG Industrial in a research report on Monday, April 8th. Wedbush upgraded shares of STAG Industrial from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $38.00 to $44.00 in a report on Monday, July 22nd. BNP Paribas assumed coverage on shares of STAG Industrial in a report on Tuesday, June 4th. They issued a “neutral” rating and a $39.00 price target on the stock. Finally, Barclays dropped their price objective on shares of STAG Industrial from $40.00 to $39.00 and set an “equal weight” rating for the company in a research note on Friday, May 24th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $39.50.

STAG Industrial Company Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.