Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. STAG Industrial Inc. shares valued at $629,654 were sold by Butcher Benjamin S on Mar 31. At $41.98 per share, Butcher Benjamin S sold 15,000 shares. The insider’s holdings dropped to 22,088 shares worth approximately $0.66 million following the completion of this transaction.
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Also, Butcher Benjamin S sold 10,000 shares, netting a total of over 396,576 in proceeds. Following the sale of shares at $39.66 each, the insider now holds 37,088 shares.
Before that, Butcher Benjamin S had sold 15,000 shares from its account. In a trade valued at $600,411, the Chairman and CEO traded STAG Industrial Inc. shares for $40.03 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $1.4 million.
As published in a research note from Robert W. Baird on January 11, 2022, STAG Industrial Inc. [STAG] has been rated up from a Neutral to an Outperform and the price target has been revised to $48 from $49. This represents a 38.04% premium over Thursday’s closing price. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late December. As of September 23, 2020, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for STAG. Earlier on February 27, 2020, Citigroup initiated its rating. Their recommendation was “a Neutral” for STAG stock.
Analyzing STAG’s Price Performance
On Thursday, STAG Industrial Inc. [NYSE: STAG] plunged -1.43% to $29.74. The stock’s lowest price that day was $29.63, but it reached a high of $30.10 in the same session. During the last five days, there has been a drop of approximately -4.16%. Over the course of the year, STAG Industrial Inc. shares have dropped approximately -37.99%. Shares of the company reached a 52-week high of $48.15 on 01/03/22 and a 52-week low of $29.43 on 07/18/22. A 50-day SMA is recorded $31.97, while a 200-day SMA reached $37.12. Nevertheless, trading volume fell to 1.26 million shares from 1.5 million shares the previous day.
Support And Resistance Levels for STAG Industrial Inc. (STAG)
According to the 24-hour chart, there is a support level at 29.55, which, if violated, would cause prices to drop to 29.35. In the upper region, resistance lies at 30.02. The next price resistance is at 30.29. RSI (Relative Strength Index) is 34.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.75, which suggests the price will decrease in the coming days. Percent R is at 96.23%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is STAG Industrial Inc. subject to short interest?
Stocks of STAG Industrial Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by 50000.0 shares to 4.86 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 4.91 million shares. A decline of -1.03% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.69 of the overall float, the days-to-cover ratio (short ratio) decline to 3.69.
Which companies own the most shares of STAG Industrial Inc. (STAG)?
According to The Vanguard Group, Inc. filings, the company currently owns 25,305,750 shares, which is about 14.12% of the total STAG shares outstanding. The investor’s shares have appreciated by 81,282 from its previous 13-F filing of 25224468.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $422,284,139. SSgA Funds Management, Inc. acquire a 2.27% interest valued at $269.68 million while Massachusetts Financial Services purchased a 40,903 stake. A total of 775,000 shares of STAG Industrial Inc. were bought by Zimmer Partners LP during the quarter, and -494,145 were sold by AllianceBernstein LP. In its current portfolio, EARNEST Partners LLC holds 3,577,219 shares valued at $110.18 million.
In terms of STAG Industrial Inc. share price expectations, FactSet research, analysts set an average price target of $38.79 in the next 12 months, up nearly 29.27% from the previous closing price of $30.17. Analysts anticipate STAG Industrial Inc. stock to reach $45.00 by 2022, with the lowest price target being $33.00. In spite of this, 12 analysts ranked STAG Industrial Inc. stock as an Overweight at the end of 2022. On December 18, 2019, RBC Capital Mkts assigned a price target of “a Top pick” to the stock and upgraded coverage with a $34.