Stag Industrial Inc (STAG) EVP Peter S. Fearey Sells 6,595 Shares

Stag Industrial Inc (NYSE:STAG) EVP Peter S. Fearey sold 6,595 shares of Stag Industrial stock in a transaction on Monday, January 7th. The stock was sold at an average price of $24.46, for a total transaction of $161,313.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

STAG opened at $26.10 on Friday. The stock has a market capitalization of $2.65 billion, a PE ratio of 15.44, a P/E/G ratio of 2.62 and a beta of 1.00. Stag Industrial Inc has a 1-year low of $22.42 and a 1-year high of $29.07. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.89.

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



STAG has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Stag Industrial from a “hold” rating to a “sell” rating in a research note on Wednesday, October 10th. JMP Securities reaffirmed an “outperform” rating on shares of Stag Industrial in a research note on Wednesday, January 2nd. Raymond James dropped their price target on shares of Stag Industrial from $29.50 to $28.50 and set an “outperform” rating on the stock in a research note on Monday, November 5th. Finally, DA Davidson dropped their price target on shares of Stag Industrial to $27.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $28.07.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its stake in Stag Industrial by 16.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 527,931 shares of the real estate investment trust’s stock valued at $14,376,000 after purchasing an additional 73,424 shares during the period. Swiss National Bank boosted its stake in Stag Industrial by 3.0% during the 2nd quarter. Swiss National Bank now owns 169,300 shares of the real estate investment trust’s stock valued at $4,610,000 after purchasing an additional 4,900 shares during the period. Private Advisor Group LLC acquired a new position in Stag Industrial during the 2nd quarter valued at about $212,000. Standard Life Aberdeen plc acquired a new position in Stag Industrial during the 2nd quarter valued at about $1,151,000. Finally, BlackRock Inc. lifted its stake in shares of Stag Industrial by 7.9% in the 2nd quarter. BlackRock Inc. now owns 9,267,732 shares of the real estate investment trust’s stock worth $252,361,000 after acquiring an additional 675,981 shares during the period. 83.61% of the stock is owned by institutional investors.

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Stag Industrial Company Profile

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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