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

Stag Industrial, Inc. (NYSE:STAG) has earned a consensus rating of “Hold” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $39.71.

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

Insider Buying and Selling at Stag Industrial

In related news, Director Benjamin S. Butcher sold 28,843 shares of the business’s stock in a transaction that occurred 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 directly owned 7,115 shares of the company’s stock, valued at $262,543.50. The trade was a 80.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc raised its position in shares of Stag Industrial by 204.9% in the first quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 506 shares during the period. Tsfg LLC bought a new position in Stag Industrial in the 1st quarter valued at about $32,000. Garde Capital Inc. bought a new position in Stag Industrial in the 1st quarter valued at about $33,000. Avalon Trust Co bought a new position in Stag Industrial in the 1st quarter valued at about $36,000. Finally, Keystone Global Partners LLC bought a new position in Stag Industrial in the 1st quarter valued at about $41,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

Stag Industrial Trading Down 1.4%

NYSE:STAG opened at $35.58 on Wednesday. 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 business’s 50 day moving average is $35.85 and its two-hundred day moving average is $34.77. Stag Industrial has a 52 week low of $28.61 and a 52 week high of $41.63. The company has a market cap of $6.64 billion, a PE ratio of 26.75 and a beta of 0.93.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings results 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 31.05% and a return on equity of 7.04%. The company had revenue of $205.57 million for the quarter, compared to analyst estimates of $202.04 million. During the same quarter last year, the business earned $0.59 earnings per share. Stag Industrial’s revenue was up 9.7% compared to the same quarter last year. On average, analysts predict that Stag Industrial will post 2.47 EPS for the current year.

Stag Industrial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.1242 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date is Tuesday, September 30th. Stag Industrial’s dividend payout ratio is presently 112.03%.

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.