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 the company’s 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 sale, the executive vice president now owns 9,422 shares in the company, valued at approximately $367,929.10. The trade was a 59.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

STAG Industrial Stock Down 2.6 %

STAG traded down $0.85 during mid-day trading on Friday, reaching $32.45. 844,441 shares of the stock were exchanged, compared to its average volume of 1,082,361. STAG Industrial, Inc. has a 1 year low of $32.27 and a 1 year high of $41.63. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market capitalization of $5.91 billion, a PE ratio of 32.78 and a beta of 1.09. The company has a 50 day moving average price of $35.57 and a two-hundred day moving average price of $37.56.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on STAG. Raymond James raised their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Wells Fargo & Company reduced their price target on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Finally, Barclays dropped their price objective on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, STAG Industrial presently has an average rating of “Moderate Buy” and an average target price of $41.00.

Institutional Investors Weigh In On STAG Industrial

Several large investors have recently made changes to their positions in the business. FMR LLC grew its holdings in STAG Industrial by 145.5% during the third quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust’s stock valued at $271,132,000 after purchasing an additional 4,111,268 shares during the period. Earnest Partners LLC grew its stake in shares of STAG Industrial by 2.2% during the 2nd quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust’s stock worth $131,727,000 after acquiring an additional 78,189 shares during the period. Geode Capital Management LLC increased its holdings in STAG Industrial by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust’s stock worth $133,077,000 after acquiring an additional 21,925 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in STAG Industrial by 7.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust’s stock valued at $123,883,000 after acquiring an additional 227,629 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in STAG Industrial by 6.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,865,673 shares of the real estate investment trust’s stock valued at $103,333,000 after purchasing an additional 167,532 shares during the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

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.