Stag Industrial, Inc. Common St (NYSE:STAG) has been the object of insider buying and selling activity recently. Today Larry T. Guillemette, Director disclosed the sale of 0 shares of STAG stock. The shares were purchased at an average price of $24.91. The Director now owns $557,536 of the stock according to the SEC filing. Benjamin S. Butcher, Chairman disclosed the purchase of 2,000 shares. The shares were bought on September 9th for an average price of $23.81. Butcher now owns $1,716,415 of the stock per the Form 4 SEC filing.
David G. King, EVP and Director-Real Estate sold $216,785 worth of shares at an average price of $22.70 on June 9th. That brings the EVP and Director-Real Estate’s holdings to $8,263 as reported to the SEC.
These funds have also shifted positions in (STAG). BNP Paribas Investment Partners S.A. expanded its ownership by buying 17,725 shares an increase of 8.5% from 12/31/2015 to 06/30/2016. BNP Paribas Investment Partners S.A. now controls 226,461 shares worth $5,392,000. The value of the position overall is up by 40.0%. As of quarter end Macquarie Group Ltd had acquired a total of 3,900 shares growing its holdings by 45.3%. The value in dollars went from $175,000 to $298,000 a change of 70.3% quarter to quarter.
Royal Bank Of Canada added to its investment by buying 4,245 shares an increase of 15,160.7% in the quarter. Royal Bank Of Canada now holds 4,273 shares with a value of $102,000. The total value of its holdings increased 10,100.0%. Ifp Advisors, Inc divested its position by shedding 600 shares a decrease of 22.0%. Ifp Advisors, Inc currently owns 2,131 shares valued at $51,000. The value of the position overall is down by 8.9%.
On June 13, 2016 the stock rating was changed to a “Hold” by Evercore ISI Group a cut from the previous “” rating. On March 11 the company was rated “Underperform” according to a Bank of America report which was a cut from the previous “Neutral” rating.
On March 2 the company was set at “Overweight” in a report from Capital One Financial up from the previous “Equal-weight” rating. On February 26 the company was rated “Hold” according to a BB&T Capital report which is up from the previous “Underweight” rating.
On January 22 analysts at Jefferies starting coverage on STAG with an initial rating of “Hold”. On December 11 DA Davidson made no change to the company rating of “Neutral” but lowered the price expectation to $20.00 from $22.00.
In the market the company is trading up by 1.26 percent from yesterday’s close. The company also announced a dividend for shareholders that will be paid on Monday the 17th of October 2016. The dividend will be $0.348 per share for the quarter or $1.39 on an annualized basis. The dividend yield will be $5.61. The ex-dividend date will be Monday August 29th, 2016.
It is trading at $24.87 which is a tad above the 50 day moving average of $24.37 and which is marginally over the 200 day moving average of $22.51. The 50 day moving average was up $0.33 whereas the 200 day average was up by +9.75%.
In the last earnings report the EPS was $-0.51 and is expected to be $1.56 for the current year with 71,401,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.41 and the next full year EPS is anticipated to be $1.68.