Stag Industrial, Inc. (STAG) Files Form 4 Insider Buying : Benjamin S Butcher Buys 2,000 Shares

Stag Industrial, Inc. (STAG): Benjamin S Butcher , CEO of Stag Industrial, Inc. purchased 2,000 shares on Sep 9, 2016. The Insider buying transaction was reported by the company on Sep 12, 2016 to the Securities and Exchange Commission. The shares were purchased at $23.81 per share for a total value of $47,626.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 14, 2016, David G King (EVP and Director-Real Estate) sold 9,550 shares at $22.70 per share price.On May 18, 2016, Francis X Iii Jacoby (director) sold 2,000 shares at $26.25 per share price.Also, On Dec 16, 2015, Benjamin S Butcher (CEO) purchased 10,000 shares at $18.68 per share price.On Oct 8, 2015, Stephen C Mecke (COO and EVP) sold 2,000 shares at $19.00 per share price.

Stag Industrial Inc: On Monday, Sep 12, 2016 heightened volatility was witnessed in Stag Industrial Inc which led to swings in the share price. The shares opened for trading at $23.63 and hit $23.9599 on the upside , eventually ending the session at $23.8, with a gain of 0.17% or 0.04 points. The heightened volatility saw the trading volume jump to 467,932 shares. The 52-week high of the share price is $25.51 and the company has a market cap of $1,699 M . The 52-week low of the share price is at $14.97.

Stag Industrial Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Stag Industrial Inc is Reiterated by DA Davidson to Buy and the brokerage firm has raised the Price Target to $ 26 from a previous price target of $25 .The Rating was issued on Aug 5, 2016.Stag Industrial Inc is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 26 from a previous price target of $22 .The Rating was issued on Aug 5, 2016.Stag Industrial Inc is Downgraded by CapitalOne to Equal Weight. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Jul 18, 2016.

STAG Industrial Inc. is focused on the acquisition and operation of single-tenant industrial properties throughout the United States. As of December 31 2014 The Company owned 248 buildings in 36 states with approximately 47.0 million rentable square feet consisting of 178 warehouse/distribution buildings 50 light manufacturing buildings and 20 flex/office buildings. The Company owns two developable vacant land parcels adjacent to two of its buildings. As of December 31 2014 its buildings were 94.9% leased to 227 tenants with no single tenant accounting for more than 2.3% of its total annualized rent and no single industry accounting for more than 12.1% of its total annualized rent.

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