STAG Industrial, Inc. (NYSE:STAG) Receives Consensus Recommendation of “Hold” from Analysts

Shares of STAG Industrial, Inc. (NYSE:STAG) have earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $39.13.

STAG has been the topic of a number of recent research reports. BMO Capital Markets restated an “outperform” rating and issued a $42.00 target price (up from $41.00) on shares of STAG Industrial in a report on Monday, April 8th. Barclays initiated coverage on STAG Industrial in a report on Wednesday, March 27th. They issued an “equal weight” rating and a $40.00 target price on the stock. Royal Bank of Canada lifted their target price on STAG Industrial from $39.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, February 16th. Finally, Robert W. Baird restated a “neutral” rating and issued a $41.00 target price (up from $38.00) on shares of STAG Industrial in a report on Friday, January 5th.

STAG Industrial Stock Up 1.6 %

Shares of STAG stock opened at $34.93 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market cap of $6.35 billion, a PE ratio of 32.34, a price-to-earnings-growth ratio of 4.93 and a beta of 1.02. The business’s fifty day moving average is $37.53 and its 200-day moving average is $36.82. STAG Industrial has a 1 year low of $31.69 and a 1 year high of $39.61.

STAG Industrial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $0.1233 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.48 annualized dividend and a dividend yield of 4.24%. STAG Industrial’s dividend payout ratio (DPR) is presently 137.04%.

Institutional Trading of STAG Industrial

Several hedge funds and other institutional investors have recently modified their holdings of the business. Fifth Third Bancorp boosted its position in shares of STAG Industrial by 31.4% in the fourth quarter. Fifth Third Bancorp now owns 1,189 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 284 shares during the period. Ipswich Investment Management Co. Inc. boosted its position in STAG Industrial by 1.5% during the third quarter. Ipswich Investment Management Co. Inc. now owns 20,886 shares of the real estate investment trust’s stock valued at $721,000 after purchasing an additional 300 shares during the last quarter. Verdence Capital Advisors LLC boosted its position in STAG Industrial by 3.6% during the fourth quarter. Verdence Capital Advisors LLC now owns 8,670 shares of the real estate investment trust’s stock valued at $340,000 after purchasing an additional 301 shares during the last quarter. Integrated Investment Consultants LLC boosted its position in STAG Industrial by 2.4% during the third quarter. Integrated Investment Consultants LLC now owns 13,196 shares of the real estate investment trust’s stock valued at $455,000 after purchasing an additional 309 shares during the last quarter. Finally, Metis Global Partners LLC boosted its position in STAG Industrial by 3.0% during the third quarter. Metis Global Partners LLC now owns 10,534 shares of the real estate investment trust’s stock valued at $364,000 after purchasing an additional 311 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

STAG Industrial Company Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.