STAG Industrial (NYSE:STAG) Price Target Lowered to $36.00 at Raymond James

STAG Industrial (NYSE:STAG) had its price objective lowered by Raymond James from $40.00 to $36.00 in a research report report published on Monday morning,Benzinga reports. Raymond James currently has an outperform rating on the real estate investment trust’s stock.

Other analysts also recently issued reports about the company. Royal Bank of Canada lowered their price target on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a report on Monday, January 27th. Barclays reduced their price target on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $39.57.

STAG Industrial Stock Performance

STAG Industrial stock opened at $32.08 on Monday. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 30.85 and a beta of 0.96. STAG Industrial has a 12 month low of $28.61 and a 12 month high of $41.63. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. The stock’s 50-day moving average is $34.78 and its 200-day moving average is $35.47.

STAG Industrial (NYSE:STAG) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 EPS for the quarter, beating the consensus estimate of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. Equities analysts anticipate that STAG Industrial will post 2.47 earnings per share for the current year.

STAG Industrial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.1242 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date is Monday, June 30th. STAG Industrial’s payout ratio is 143.27%.

Insider Transactions at STAG Industrial

In related news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total value of $1,755,000.00. Following the completion of the transaction, the director now directly owns 9,632 shares in the company, valued at approximately $338,083.20. This trade represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its stake in STAG Industrial by 0.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,131 shares of the real estate investment trust’s stock valued at $1,256,000 after purchasing an additional 300 shares during the last quarter. Values First Advisors Inc. grew its holdings in shares of STAG Industrial by 2.2% during the fourth quarter. Values First Advisors Inc. now owns 14,562 shares of the real estate investment trust’s stock valued at $492,000 after purchasing an additional 307 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of STAG Industrial by 3.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 12,025 shares of the real estate investment trust’s stock worth $407,000 after purchasing an additional 347 shares during the period. Peak Financial Advisors LLC boosted its position in STAG Industrial by 3.0% during the 4th quarter. Peak Financial Advisors LLC now owns 12,415 shares of the real estate investment trust’s stock valued at $420,000 after purchasing an additional 356 shares during the period. Finally, Hilltop National Bank grew its stake in STAG Industrial by 19.2% during the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock worth $76,000 after buying an additional 362 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

About STAG Industrial

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.