What Did This CEO Just Do with Personal Shares of Stag Industrial (NYSE: STAG)?

Yesterday, the COB, CEO & Pres of Stag Industrial (STAGResearch Report), Benjamin Butcher, sold shares of STAG for $2.65M.

Following Benjamin Butcher’s last STAG Sell transaction on September 12, 2016, the stock climbed by 13.4%. This is Butcher’s first Sell trade following 8 Buy transactions.

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Based on Stag Industrial’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $119 million and quarterly net profit of $63.44 million. In comparison, last year the company earned revenue of $96.65 million and had a net profit of $13.76 million. The company has a one-year high of $33.48 and a one-year low of $17.54. STAG’s market cap is $4.88 billion and the company has a P/E ratio of 46.20.

Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $32.33, reflecting a 1.1% upside.

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STAG Industrial, Inc. is a real estate investment trust, which focuses on acquisition, ownership and operation of single-tenant, industrial properties throughout the United States. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.