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

Stag Industrial, Inc. (NYSE:STAG) has been given a consensus rating of “Hold” by the nine analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $39.3333.

STAG has been the subject of several research analyst reports. Citigroup raised their price objective on Stag Industrial from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Barclays reiterated an “underweight” rating and issued a $39.00 price target (down previously from $40.00) on shares of Stag Industrial in a report on Tuesday, January 13th. Wall Street Zen cut shares of Stag Industrial from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Wells Fargo & Company upped their price objective on shares of Stag Industrial from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Monday, November 10th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Stag Industrial in a report on Monday, December 22nd.

Insider Activity

In other news, EVP Michael Chase sold 13,144 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $38.75, for a total value of $509,330.00. Following the completion of the transaction, the executive vice president owned 9,422 shares of the company’s stock, valued at $365,102.50. The trade was a 58.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Stag Industrial

Hedge funds have recently modified their holdings of the company. Values First Advisors Inc. raised its position in Stag Industrial by 8.7% during the fourth quarter. Values First Advisors Inc. now owns 16,050 shares of the real estate investment trust’s stock worth $590,000 after acquiring an additional 1,290 shares during the period. M&T Bank Corp raised its position in shares of Stag Industrial by 190.9% during the 4th quarter. M&T Bank Corp now owns 26,101 shares of the real estate investment trust’s stock worth $959,000 after purchasing an additional 17,129 shares during the last quarter. Kestra Private Wealth Services LLC lifted its stake in Stag Industrial by 14.6% in the 4th quarter. Kestra Private Wealth Services LLC now owns 23,292 shares of the real estate investment trust’s stock valued at $856,000 after buying an additional 2,959 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in Stag Industrial by 4.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 28,856 shares of the real estate investment trust’s stock valued at $1,061,000 after buying an additional 1,281 shares in the last quarter. Finally, Verdence Capital Advisors LLC boosted its holdings in Stag Industrial by 2.8% in the 4th quarter. Verdence Capital Advisors LLC now owns 15,936 shares of the real estate investment trust’s stock worth $586,000 after buying an additional 434 shares during the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

Stag Industrial Trading Up 0.6%

NYSE:STAG opened at $37.50 on Friday. The company has a market capitalization of $7.00 billion, a P/E ratio of 28.85 and a beta of 1.06. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.89. Stag Industrial has a 12 month low of $28.61 and a 12 month high of $39.73. The firm has a fifty day simple moving average of $37.74 and a 200-day simple moving average of $36.95.

Stag Industrial (NYSE:STAG) last issued its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. Stag Industrial had a return on equity of 6.84% and a net margin of 29.24%.The company had revenue of $211.12 million during the quarter, compared to analyst estimates of $210.26 million. During the same quarter last year, the business posted $0.60 EPS. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. On average, equities research analysts anticipate that Stag Industrial will post 2.47 earnings per share for the current year.

Stag Industrial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.3875 per share. The ex-dividend date is Tuesday, March 31st. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.1%. Stag Industrial’s dividend payout ratio (DPR) is presently 114.62%.

Stag Industrial Company Profile

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.