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

STAG Industrial, Inc. (NYSE:STAG) has received an average recommendation of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $39.63.

A number of brokerages have commented on STAG. Raymond James boosted their target price on shares of STAG Industrial from $36.00 to $38.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Royal Bank of Canada restated a “sector perform” rating and set a $38.00 price target on shares of STAG Industrial in a research note on Monday, May 19th. Barclays dropped their price target 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, Robert W. Baird dropped their price target on STAG Industrial from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th.

STAG Industrial Stock Performance

Shares of STAG Industrial stock opened at $34.09 on Tuesday. The company has a market capitalization of $6.36 billion, a PE ratio of 32.78 and a beta of 0.93. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36. The company has a 50-day simple moving average of $33.71 and a two-hundred day simple moving average of $34.65. STAG Industrial has a one year low of $28.61 and a one year high of $41.63.

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

STAG Industrial Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $0.1242 dividend. The ex-dividend date is Friday, May 30th. This represents a yield of 4.37%. STAG Industrial’s dividend payout ratio is currently 112.03%.

Institutional Investors Weigh In On STAG Industrial

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in STAG Industrial by 1.3% in the first quarter. Vanguard Group Inc. now owns 26,178,628 shares of the real estate investment trust’s stock valued at $945,572,000 after buying an additional 347,729 shares during the last quarter. FMR LLC boosted its position in STAG Industrial by 30.1% in the fourth quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust’s stock valued at $305,224,000 after buying an additional 2,088,839 shares during the last quarter. Earnest Partners LLC boosted its position in STAG Industrial by 0.7% in the first quarter. Earnest Partners LLC now owns 3,820,565 shares of the real estate investment trust’s stock valued at $137,999,000 after buying an additional 25,140 shares during the last quarter. Alliancebernstein L.P. boosted its position in STAG Industrial by 3.3% in the first quarter. Alliancebernstein L.P. now owns 3,788,036 shares of the real estate investment trust’s stock valued at $136,824,000 after buying an additional 120,442 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its position in STAG Industrial by 5.9% in the fourth quarter. Nuveen Asset Management LLC now owns 3,679,641 shares of the real estate investment trust’s stock valued at $124,445,000 after buying an additional 204,948 shares during the last quarter. Hedge funds and other institutional investors 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.