Stag Industrial, Inc. (STAG) Files Form 4 Insider Selling : Larry T Guillemette Sells 10,500 Shares

Stag Industrial, Inc. (STAG): Larry T Guillemette , director of Stag Industrial, Inc. sold 10,500 shares on Sep 26, 2016. The Insider selling transaction was reported by the company on Sep 28, 2016 to the Securities and Exchange Commission. The shares were sold at $24.91 per share for a total value of $261,570.75 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 12, 2016, Benjamin S Butcher (CEO) purchased 2,000 shares at $23.81 per share price.On Jun 14, 2016, David G King (EVP and Director-Real Estate) sold 9,550 shares at $22.70 per share price.Also, On May 18, 2016, Francis X Iii Jacoby (director) sold 2,000 shares at $26.25 per share price.On Oct 8, 2015, Stephen C Mecke (COO and EVP) sold 2,000 shares at $19.00 per share price.

Shares of Stag Industrial Inc (STAG) ended Tuesday, Sep 27, 2016 session in red amid volatile trading. The shares closed down -0.28 points or -1.13% at $24.57 with 4,79,212 shares getting traded. Post opening the session at $24.95, the shares hit an intraday low of $24.46 and an intraday high of $25 and the price vacillated in this range throughout the day. The company has a market cap of $1,754 M and the number of outstanding shares has been calculated to be 7,14,01,517 shares. The 52-week high of Stag Industrial Inc is $25.51 and the 52-week low is $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.

Leave a Reply

Stag Industrial Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Stag Industrial Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.