STAG Industrial, Inc. (NYSE:STAG) Given Consensus Rating of “Moderate Buy” by Analysts

STAG Industrial, Inc. (NYSE:STAG) has been given a consensus recommendation of “Moderate Buy” by the eight analysts that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $40.38.

STAG has been the topic of a number of analyst reports. Royal Bank of Canada lowered their target price on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Monday. Raymond James boosted their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Wells Fargo & Company decreased their price target on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Finally, Barclays decreased their price target on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday.

STAG Industrial Stock Down 0.8 %

STAG opened at $34.38 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. STAG Industrial has a fifty-two week low of $32.27 and a fifty-two week high of $41.63. The firm’s fifty day moving average is $34.81 and its 200 day moving average is $37.40. The stock has a market cap of $6.26 billion, a price-to-earnings ratio of 34.72 and a beta of 1.09.

STAG Industrial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.1242 per share. This represents a $1.49 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend is Monday, March 31st. STAG Industrial’s dividend payout ratio is 150.51%.

Institutional Trading of STAG Industrial

Several hedge funds have recently made changes to their positions in the business. Vaughan Nelson Investment Management L.P. raised its position in shares of STAG Industrial by 4.6% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,830,394 shares of the real estate investment trust’s stock valued at $61,905,000 after buying an additional 79,762 shares in the last quarter. Lecap Asset Management Ltd. purchased a new stake in shares of STAG Industrial during the 4th quarter valued at about $843,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of STAG Industrial by 8.7% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 49,556 shares of the real estate investment trust’s stock valued at $1,676,000 after buying an additional 3,950 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of STAG Industrial by 0.5% during the 4th quarter. State of Alaska Department of Revenue now owns 108,059 shares of the real estate investment trust’s stock valued at $3,653,000 after buying an additional 488 shares in the last quarter. Finally, Choreo LLC grew its holdings in STAG Industrial by 42.1% during the 4th quarter. Choreo LLC now owns 16,944 shares of the real estate investment trust’s stock valued at $572,000 after purchasing an additional 5,018 shares during the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

STAG Industrial Company Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.