Stag Industrial, Inc. (NYSE:STAG) Given Consensus Rating of “Hold” by Analysts

Stag Industrial, Inc. (NYSE:STAG) has received an average rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $39.71.

A number of equities analysts have recently weighed in on the company. Raymond James Financial upped their target price on Stag Industrial from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Royal Bank Of Canada reissued a “sector perform” rating and set a $38.00 price objective on shares of Stag Industrial in a research report on Monday, May 19th. Finally, Robert W. Baird reduced their price objective on Stag Industrial from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Wednesday, May 7th.

Insider Transactions at Stag Industrial

In related news, Director Benjamin S. Butcher sold 28,843 shares of the company’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the completion of the sale, the director now directly owns 7,115 shares of the company’s stock, valued at approximately $262,543.50. This represents a 80.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of STAG. Blue Trust Inc. boosted its position in shares of Stag Industrial by 23.7% in the fourth quarter. Blue Trust Inc. now owns 3,909 shares of the real estate investment trust’s stock valued at $132,000 after acquiring an additional 750 shares during the period. Rhumbline Advisers raised its stake in Stag Industrial by 3.0% during the 4th quarter. Rhumbline Advisers now owns 529,046 shares of the real estate investment trust’s stock valued at $17,892,000 after purchasing an additional 15,198 shares during the last quarter. Principal Securities Inc. boosted its holdings in Stag Industrial by 20.7% in the 4th quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 510 shares during the period. Sanctuary Advisors LLC boosted its holdings in Stag Industrial by 13.3% in the 4th quarter. Sanctuary Advisors LLC now owns 24,449 shares of the real estate investment trust’s stock valued at $843,000 after purchasing an additional 2,866 shares during the period. Finally, Venturi Wealth Management LLC acquired a new stake in Stag Industrial in the 4th quarter worth $109,000. Institutional investors own 88.67% of the company’s stock.

Stag Industrial Stock Up 0.2%

Shares of Stag Industrial stock opened at $36.38 on Friday. The stock’s fifty day moving average is $34.68 and its 200-day moving average is $34.62. Stag Industrial has a 12-month low of $28.61 and a 12-month high of $41.63. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $6.79 billion, a PE ratio of 27.35 and a beta of 0.94.

Stag Industrial (NYSE:STAG) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The company had revenue of $205.57 million for the quarter, compared to the consensus estimate of $202.04 million. Stag Industrial had a return on equity of 7.04% and a net margin of 31.05%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 EPS. 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 dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.1242 per share. This represents a yield of 4.37%. The ex-dividend date of this dividend was Friday, May 30th. Stag Industrial’s payout ratio is 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.