Stag Industrial Inc (NYSE:STAG) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $31.05 and last traded at $31.03, with a volume of 12583 shares. The stock had previously closed at $30.69.
A number of research analysts recently weighed in on the stock. ValuEngine upgraded shares of Stag Industrial from a “hold” rating to a “buy” rating in a research report on Thursday, June 6th. Zacks Investment Research downgraded shares of Stag Industrial from a “hold” rating to a “sell” rating in a research report on Friday, May 17th. DA Davidson increased their price objective on shares of Stag Industrial to $32.00 and gave the company a “neutral” rating in a research report on Thursday, April 4th. Berenberg Bank assumed coverage on shares of Stag Industrial in a research report on Tuesday, April 23rd. They set a “hold” rating and a $30.00 price objective on the stock. Finally, LADENBURG THALM/SH SH increased their price objective on shares of Stag Industrial from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, February 20th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $29.25.
The firm has a market cap of $3.88 billion, a P/E ratio of 17.26, a P/E/G ratio of 3.51 and a beta of 0.95. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.79.
Stag Industrial (NYSE:STAG) last announced its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.39). Stag Industrial had a net margin of 19.44% and a return on equity of 4.63%. The business had revenue of $95.70 million for the quarter, compared to analysts’ expectations of $95.19 million. During the same period in the prior year, the company posted $0.43 earnings per share. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. Analysts predict that Stag Industrial Inc will post 1.82 EPS for the current fiscal year.
The firm also recently announced a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.1192 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.43 dividend on an annualized basis and a yield of 4.63%. Stag Industrial’s dividend payout ratio is currently 79.89%.
A number of hedge funds have recently made changes to their positions in STAG. Zimmer Partners LP purchased a new stake in Stag Industrial during the fourth quarter valued at approximately $63,247,000. Norges Bank purchased a new stake in Stag Industrial during the fourth quarter valued at approximately $31,328,000. Vanguard Group Inc increased its holdings in Stag Industrial by 5.8% during the third quarter. Vanguard Group Inc now owns 14,841,260 shares of the real estate investment trust’s stock valued at $408,135,000 after buying an additional 813,941 shares during the last quarter. Cbre Clarion Securities LLC purchased a new stake in Stag Industrial during the first quarter valued at approximately $23,331,000. Finally, Westfield Capital Management Co. LP purchased a new stake in Stag Industrial during the first quarter valued at approximately $18,132,000. 81.14% of the stock is owned by institutional investors and hedge funds.
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Stag Industrial Company Profile (NYSE:STAG)
STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition, ownership, and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (REIT) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.
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