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

Shares of Stag Industrial, Inc. (NYSE:STAG) have been assigned an average rating of “Hold” from the ten analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $39.50.

STAG has been the subject of several recent research reports. Wall Street Zen raised shares of Stag Industrial from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Citigroup increased their price target on Stag Industrial from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Barclays reissued an “underweight” rating and issued a $39.00 price objective (down from $40.00) on shares of Stag Industrial in a report on Tuesday, January 13th. JPMorgan Chase & Co. upped their target price on Stag Industrial from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stag Industrial in a report on Monday, December 22nd.

Insider Activity at Stag Industrial

In related news, EVP Matts Pinard sold 25,242 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $39.18, for a total value of $988,981.56. Following the completion of the transaction, the executive vice president directly owned 951 shares in the company, valued at $37,260.18. The trade was a 96.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Virgis Colbert sold 18,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $38.08, for a total transaction of $685,440.00. Following the sale, the director owned 4,210 shares in the company, valued at approximately $160,316.80. This represents a 81.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 136,974 shares of company stock worth $5,345,904 in the last three months. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. MidFirst Bank purchased a new stake in Stag Industrial during the 4th quarter worth approximately $245,000. Virtu Financial LLC acquired a new stake in shares of Stag Industrial in the fourth quarter worth approximately $239,000. Dean Capital Management increased its position in shares of Stag Industrial by 3.1% during the fourth quarter. Dean Capital Management now owns 48,361 shares of the real estate investment trust’s stock worth $1,778,000 after purchasing an additional 1,470 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in Stag Industrial by 1.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 30,515 shares of the real estate investment trust’s stock valued at $1,122,000 after purchasing an additional 367 shares during the last quarter. Finally, Beacon Pointe Advisors LLC acquired a new position in Stag Industrial in the 4th quarter valued at $237,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

Stag Industrial Stock Performance

Shares of STAG opened at $38.57 on Thursday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a 50-day moving average of $37.78 and a two-hundred day moving average of $37.39. The stock has a market cap of $7.37 billion, a P/E ratio of 26.42 and a beta of 1.06. Stag Industrial has a one year low of $28.61 and a one year high of $39.98.

Stag Industrial (NYSE:STAG) last issued its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. Stag Industrial had a return on equity of 7.68% and a net margin of 32.35%.The firm had revenue of $220.90 million for the quarter, compared to analyst estimates of $213.66 million. During the same quarter in the prior year, the firm earned $0.61 earnings per share. Stag Industrial’s revenue for the quarter was up 10.8% on a year-over-year basis. As a group, research analysts predict that Stag Industrial will post 2.47 EPS for the current year.

Stag Industrial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, March 31st. Stag Industrial’s payout ratio is 102.05%.

About Stag Industrial

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.