Stag Industrial (STAG) : Traders are bullish on Stag Industrial (STAG) as it has outperformed the S&P 500 by a wide margin of 2.9% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.95%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.46% in the last 1 week, and is up 7.4% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.59% and the 50-Day Moving Average is 10.8%.
Stag Industrial (NYSE:STAG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.97 and $23.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.54. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.54, notching a gain of 2.76% for the day. The total traded volume was 3,106,411 . The stock had closed at $23.88 on the previous day.
The company Insiders own 2.1% of Stag Industrial shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -96.33% . Institutional Investors own 79.04% of Stag Industrial shares. During last six month period, the net percent change held by insiders has seen a change of -96.33%. In a related news, King David G, officer (EVP and Director-Real Estate) of Stag Industrial, Inc., unloaded 9,550 shares at an average price of $22.7 on June 9, 2016. The total amount of the transaction was worth $216,785, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.