STAG (STAG Industrial Inc.) may reap gains as insiders became active recently


STAG Industrial Inc.’s recently made public that its Director Butcher Benjamin S unloaded Company’s shares for reported $1.09 million on Jul 31. In the deal valued at $36.47 per share,30,000 shares were sold. As a result of this transaction, Butcher Benjamin S now holds 7,088 shares worth roughly $ 0.26 million.

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Then, Butcher Benjamin S sold 31,780 shares, generating $1,109,189 in total proceeds. Upon selling the shares at $34.90, the EXECUTIVE CHAIR now owns 7,088 shares.

Before that, Butcher Benjamin S sold 3,220 shares. STAG Industrial Inc. shares valued at $112,755 were divested by the EXECUTIVE CHAIR at a price of $35.02 per share. As a result of the transaction, Butcher Benjamin S now holds 3,868 shares, worth roughly $0.14 million.

BMO Capital Markets initiated its STAG Industrial Inc. [STAG] rating to an Outperform in a research note published on Friday, February 06, 2023; the price target was $41. PT values the company’s stock at a premium of 10.05 to its Friday closing price.

Price Performance Review of STAG

On Friday, STAG Industrial Inc. [NYSE:STAG] saw its stock jump 0.96% to $36.88. On the same session, the stock had its day’s lowest price of $36.60, but rose to a high of $36.97. Over the last five days, the stock has gained 1.37%. STAG Industrial Inc. shares have risen nearly 14.14% since the year began. Nevertheless, the stocks have risen 19.74% over the past one year. While a 52-week high of $38.83 was reached on 07/27/23, a 52-week low of $26.56 was recorded on 03/10/23. SMA at 50 days reached $36.38, while 200 days put it at $34.56. A total of 1.46 million shares were traded, compared to the trading of 0.76 million shares in the previous session.

Levels Of Support And Resistance For STAG Stock

The 24-hour chart illustrates a support level at 36.66, which if violated will result in even more drops to 36.45. On the upside, there is a resistance level at 37.03. A further resistance level may holdings at 37.19. The Relative Strength Index (RSI) on the 14-day chart is 57.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 9.02%. Stochastics %K at 85.10% indicates the stock is a selling.

How much short interest is there in STAG Industrial Inc.?

A steep rise in short interest was recorded in STAG Industrial Inc. stocks on Aug 14, 2023, dropping by -2.75 million shares to a total of 3.37 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 6.12 million shares. There was a decline of -81.6%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.51% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.14.

STAG Industrial Inc. [STAG] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 25,521,412 shares, or roughly 14.21% of the outstanding STAG shares. In other words, the investor’s shares have fallen by -722,539 from its previous 13-F filing of 26243951.0. Additionally, BlackRock Fund Advisors increased 21.61% of its stake after which the total value it holdings stand at $628,168,342, while SSgA Funds Management, Inc. added 11.59% of its stake to hold $355.11 million in the firm. Over the last quarter, AllianceBernstein LP sold -71,728 shares of STAG Industrial Inc., while Massachusetts Financial Services sold 48,569 shares. At present, EARNEST Partners LLC is holding 3,784,620 shares valued at $137.38 million. Janus Henderson Investors US LLC owned 3,128,991 shares of the company at the time of its most recent 13F filing, worth $113.58 million.

According to FactSet, STAG Industrial Inc.’s share price will average $39.30 in the next year, based on opinions of analysts polled by the firm. This is up nearly 8.13 percent from its previous closing price of $36.53. Analysts expect STAG Industrial Inc. stock to reach the higher price of $42.00, while the lowest price estimate is $36.00. However, 10 analysts have rated STAG stock as an Overweight in their predictions for 2023.


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