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

Shares of Stag Industrial, Inc. (NYSE:STAG) have been assigned a consensus rating of “Hold” from the ten research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $39.50.

Several research analysts have weighed in on STAG shares. Evercore reiterated an “outperform” rating on shares of Stag Industrial in a research note on Friday, February 13th. iA Financial set a $39.00 price target on Stag Industrial in a research note on Tuesday, January 13th. Barclays reaffirmed an “underweight” rating and set a $39.00 price target (down from $40.00) on shares of Stag Industrial in a report on Tuesday, January 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Stag Industrial in a research note on Monday, December 22nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Stag Industrial from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th.

Insider Buying and Selling

In related news, CEO William R. Crooker sold 93,732 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $39.17, for a total value of $3,671,482.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Virgis Colbert sold 18,000 shares of Stag Industrial stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $38.08, for a total value of $685,440.00. Following the completion of the sale, the director directly owned 4,210 shares in the company, valued at $160,316.80. This represents a 81.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 136,974 shares of company stock valued at $5,345,904 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Stag Industrial

A number of institutional investors have recently modified their holdings of the business. Channing Capital Management LLC increased its holdings in shares of Stag Industrial by 8.3% in the 3rd quarter. Channing Capital Management LLC now owns 2,186,846 shares of the real estate investment trust’s stock valued at $77,174,000 after purchasing an additional 167,093 shares in the last quarter. Knights of Columbus Asset Advisors LLC purchased a new stake in Stag Industrial during the third quarter worth about $1,127,000. Versor Investments LP purchased a new stake in Stag Industrial during the third quarter worth about $922,000. Wolverine Asset Management LLC grew its position in Stag Industrial by 408.0% during the third quarter. Wolverine Asset Management LLC now owns 129,263 shares of the real estate investment trust’s stock worth $4,562,000 after buying an additional 103,820 shares during the period. Finally, Elo Mutual Pension Insurance Co acquired a new position in Stag Industrial during the third quarter worth about $1,897,000. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Stag Industrial Price Performance

Shares of NYSE:STAG opened at $36.59 on Monday. Stag Industrial has a one year low of $28.61 and a one year high of $39.98. The stock has a market capitalization of $7.00 billion, a price-to-earnings ratio of 25.06 and a beta of 1.04. The company has a 50-day simple moving average of $38.21 and a 200-day simple moving average of $37.71. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.90 and a current ratio of 1.90.

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

Stag Industrial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.3875 per share. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Tuesday, March 31st. Stag Industrial’s payout ratio is 106.16%.

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.