STAG Industrial, Inc. (NYSE:STAG) EVP Sells $546,973.35 in Stock

STAG Industrial, Inc. (NYSE:STAG) EVP Michael Chase sold 14,007 shares of STAG Industrial stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $39.05, for a total value of $546,973.35. Following the transaction, the executive vice president now directly owns 9,422 shares of the company’s stock, valued at $367,929.10. The trade was a 59.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

STAG Industrial Trading Down 2.6 %

STAG stock traded down $0.85 during trading on Friday, reaching $32.45. The company had a trading volume of 844,441 shares, compared to its average volume of 1,082,361. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. STAG Industrial, Inc. has a 52 week low of $32.27 and a 52 week high of $41.63. The business has a 50 day moving average of $35.57 and a 200 day moving average of $37.56. The company has a market cap of $5.91 billion, a P/E ratio of 32.78 and a beta of 1.09.

Analysts Set New Price Targets

STAG has been the subject of a number of recent research reports. Wells Fargo & Company lowered their target price on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Barclays lowered their price target on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. Finally, Raymond James increased their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. lifted its position in STAG Industrial by 15.0% during the 2nd quarter. Victory Capital Management Inc. now owns 483,740 shares of the real estate investment trust’s stock valued at $17,444,000 after acquiring an additional 62,979 shares during the period. Arizona State Retirement System lifted its holdings in shares of STAG Industrial by 2.0% during the second quarter. Arizona State Retirement System now owns 50,905 shares of the real estate investment trust’s stock valued at $1,836,000 after purchasing an additional 1,005 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of STAG Industrial in the 2nd quarter worth approximately $1,266,000. Choreo LLC purchased a new stake in shares of STAG Industrial in the 2nd quarter worth approximately $406,000. Finally, American Century Companies Inc. increased its position in STAG Industrial by 9.0% during the 2nd quarter. American Century Companies Inc. now owns 65,587 shares of the real estate investment trust’s stock valued at $2,365,000 after buying an additional 5,402 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

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.