Stag Industrial, Inc. (STAG): Francis X Iii Jacoby , director of Stag Industrial, Inc. sold 2,000 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were sold at $26.25 per share for a total value of $52,500.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on 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.Also, On Sep 22, 2015, Larry T Guillemette (director) purchased 7,500 shares at $18.06 per share price.On Sep 2, 2015, Geoffrey G Jervis (CFO) purchased 6,000 shares at $16.85 per share price.
Shares of Stag Industrial Inc (STAG) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.23 points or -1.12% at $20.35 with 4,11,857 shares getting traded. Post opening the session at $20.43, the shares hit an intraday low of $20.13 and an intraday high of $20.57 and the price vacillated in this range throughout the day. The company has a market cap of $1,388 M and the number of outstanding shares has been calculated to be 6,81,86,375 shares. The 52-week high of Stag Industrial Inc is $22.36 and the 52-week low is $14.97.
Company has been under the radar of several Street Analysts.Stag Industrial Inc is Downgraded by BofA/Merrill to Underperform. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Mar 11, 2016.Stag Industrial Inc is Upgraded by CapitalOne to Overweight. Earlier the firm had a rating of Equal Weight on the company shares. The Rating was issued on Mar 2, 2016.Stag Industrial Inc is Upgraded by BB&T Capital Mkts to Hold while Lowering the Price Target of the company shares to $ 19.50 from a previous price target of $20.50 . Earlier the firm had a rating of Underweight on the company shares. The Rating was issued on Feb 26, 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.