STAG has been the topic of several other reports. ValuEngine upgraded shares of Stag Industrial from a hold rating to a buy rating in a report on Friday, September 1st. BidaskClub downgraded shares of Stag Industrial from a hold rating to a sell rating in a report on Friday, October 6th. Ladenburg Thalmann Financial Services restated a buy rating on shares of Stag Industrial in a report on Wednesday, August 2nd. UBS AG upgraded shares of Stag Industrial from a sell rating to a neutral rating and raised their target price for the stock from $21.00 to $28.00 in a report on Friday, September 8th. Finally, Jefferies Group LLC restated a buy rating and set a $32.00 target price on shares of Stag Industrial in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $28.25.
Stag Industrial (STAG) opened at $28.30 on Tuesday. Stag Industrial has a one year low of $22.35 and a one year high of $28.95. The firm has a market cap of $2,641.84, a P/E ratio of 16.81, a P/E/G ratio of 3.10 and a beta of 1.24. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.09 and a current ratio of 0.09.
Stag Industrial (NYSE:STAG) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. The firm had revenue of $78.14 million for the quarter, compared to the consensus estimate of $76.17 million. Stag Industrial had a net margin of 18.96% and a return on equity of 5.72%. The business’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period last year, the company posted $0.40 EPS. analysts forecast that Stag Industrial will post 1.69 earnings per share for the current fiscal year.
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The firm also recently disclosed a monthly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a $0.1183 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.02%. Stag Industrial’s dividend payout ratio (DPR) is presently 261.12%.
In other news, EVP Peter S. Fearey sold 1,033 shares of Stag Industrial stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $28.71, for a total value of $29,657.43. Following the sale, the executive vice president now directly owns 2,506 shares in the company, valued at $71,947.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Moors & Cabot Inc. raised its holdings in shares of Stag Industrial by 0.4% in the second quarter. Moors & Cabot Inc. now owns 14,790 shares of the real estate investment trust’s stock valued at $410,000 after purchasing an additional 62 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Stag Industrial by 0.8% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,045 shares of the real estate investment trust’s stock worth $360,000 after buying an additional 103 shares during the last quarter. Spirit of America Management Corp NY increased its holdings in Stag Industrial by 2.5% during the second quarter. Spirit of America Management Corp NY now owns 20,500 shares of the real estate investment trust’s stock worth $566,000 after buying an additional 500 shares during the last quarter. Amalgamated Bank increased its holdings in Stag Industrial by 5.9% during the first quarter. Amalgamated Bank now owns 9,892 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 549 shares during the last quarter. Finally, Advisor Group Inc. increased its holdings in Stag Industrial by 1.8% during the second quarter. Advisor Group Inc. now owns 33,751 shares of the real estate investment trust’s stock worth $932,000 after buying an additional 599 shares during the last quarter. Institutional investors own 79.79% of the company’s stock.
About Stag Industrial
STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.
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