STAG Industrial, Inc. (NYSE:STAG – Get Free Report) 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
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.
Check Out Our Latest Stock Analysis on STAG Industrial
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.
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