David G. King, Executive Vice President and Director of the Real Estate division at Stag Industrial Inc (NYSE:STAG) sold last September 11th 2,000 shares of Common Stock, pursuant to an approved Rule 10b5-1 Trading Plan. These were sold at an average weighted price of $23.01, for a total value of $46,012. Following the filing, Mr. King directly owns 10,764 shares of the 1.28 billion market cap integrated, fill-service real estate company focused on the acquisition, ownership and management of single-tenant industrial properties throughout the United States.
On the opposite side of the side walk, Stag Industrial Inc (NYSE:STAG)’s major hedge fund shareholders on record have decided to increase their participation in the firm. Alan J. Reid Jr.’s fund, Forward Management –owner of over 2.2 million shares- has decided to do so by 4%. Also, Jim Simons’s fund, Renaissance Technologies –owner of 363,900 shares- has augmented its stake in the company by49%.
Disclosure: Pamela Gaviño holds no position in any of the stocks or funds mentioned.