GuruFocus - On June 6, 2024, Benjamin Butcher, Director of Stag Industrial Inc (NYSE:STAG), executed a significant transaction by selling 80,000 shares of the company. The sale was documented in a recent SEC Filing. Following this transaction, the insider now owns 8,304 shares of Stag Industrial Inc.
Stag Industrial Inc is a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. The company's portfolio includes properties that are primarily warehouses and distribution centers.
Over the past year, Benjamin Butcher has sold a total of 209,966 shares and has not purchased any shares. This recent transaction is part of a broader trend observed over the past year, where there have been 8 insider sells and no insider buys at Stag Industrial Inc.
Shares of Stag Industrial Inc were trading at $37.46 on the day of the transaction. The company has a market cap of approximately $6.37 billion. The price-earnings ratio of the company stands at 34.96, which is above the industry median of 16.18.
The stock is currently considered Modestly Undervalued with a GF Value of $38.93, giving it a price-to-GF-Value ratio of 0.96. The GF Value is calculated based on historical trading multiples, an adjustment factor based on the companys past performance, and future business performance estimates.
This insider sell event might be of interest to investors tracking insider behaviors and the valuation metrics of Stag Industrial Inc, especially considering the company's current valuation and the insider's ongoing ownership stake.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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