STAG Industrial, Inc. (NYSE:STAG) Receives Average Rating of “Hold” from Brokerages

STAG Industrial, Inc. (NYSE:STAG) has earned a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $39.57.

A number of analysts recently commented on the company. Royal Bank of Canada dropped their price target on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a report on Monday, January 27th. Barclays lowered their target price on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. Finally, Raymond James cut their price target on shares of STAG Industrial from $40.00 to $36.00 and set an “outperform” rating on the stock in a report on Monday, April 14th.

Insider Activity at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the sale, the director now owns 9,632 shares of the company’s stock, valued at $338,083.20. The trade was a 83.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of STAG Industrial

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Swiss National Bank boosted its stake in STAG Industrial by 0.8% in the 4th quarter. Swiss National Bank now owns 358,200 shares of the real estate investment trust’s stock worth $12,114,000 after purchasing an additional 2,800 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of STAG Industrial in the fourth quarter worth about $1,276,000. Congress Asset Management Co. boosted its position in shares of STAG Industrial by 10.1% in the fourth quarter. Congress Asset Management Co. now owns 220,929 shares of the real estate investment trust’s stock valued at $7,472,000 after acquiring an additional 20,327 shares during the period. Asset Management One Co. Ltd. grew its stake in STAG Industrial by 2.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 359,100 shares of the real estate investment trust’s stock valued at $12,159,000 after acquiring an additional 8,259 shares in the last quarter. Finally, US Bancorp DE increased its holdings in STAG Industrial by 1.5% during the 4th quarter. US Bancorp DE now owns 27,107 shares of the real estate investment trust’s stock worth $917,000 after acquiring an additional 402 shares during the period. 88.67% of the stock is currently owned by institutional investors.

STAG Industrial Stock Performance

Shares of STAG stock opened at $33.10 on Friday. 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 firm has a 50-day moving average of $34.19 and a 200-day moving average of $35.05. STAG Industrial has a one year low of $28.61 and a one year high of $41.63. The company has a market cap of $6.18 billion, a P/E ratio of 31.82 and a beta of 0.96.

STAG Industrial (NYSE:STAG) last posted its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. The firm had revenue of $205.57 million during the quarter, compared to analyst estimates of $202.04 million. During the same quarter last year, the business posted $0.59 EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. Equities research analysts forecast that STAG Industrial will post 2.47 EPS for the current fiscal year.

STAG Industrial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.1242 dividend. This represents a $1.49 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend is Monday, June 30th. STAG Industrial’s dividend payout ratio (DPR) is currently 112.03%.

STAG Industrial Company Profile

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.