STAG Industrial, Inc. (NYSE:STAG) Given Consensus Recommendation of “Hold” by Brokerages

Shares of STAG Industrial, Inc. (NYSE:STAG) have earned an average recommendation of “Hold” from the eight research firms that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $39.63.

A number of analysts recently issued reports on the company. Raymond James increased their price objective on STAG Industrial from $36.00 to $38.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Robert W. Baird lowered their price target on STAG Industrial from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $38.00 price target on shares of STAG Industrial in a report on Monday, May 19th.

Hedge Funds Weigh In On STAG Industrial

A number of large investors have recently modified their holdings of STAG. Nuveen LLC purchased a new position in shares of STAG Industrial during the 1st quarter valued at about $129,972,000. Norges Bank bought a new position in STAG Industrial during the 4th quarter worth approximately $75,471,000. FMR LLC grew its position in STAG Industrial by 30.1% during the 4th quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust’s stock worth $305,224,000 after acquiring an additional 2,088,839 shares during the last quarter. Raymond James Financial Inc. bought a new position in STAG Industrial during the 4th quarter worth approximately $57,561,000. Finally, Cbre Investment Management Listed Real Assets LLC grew its position in STAG Industrial by 152.1% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,938,350 shares of the real estate investment trust’s stock worth $70,013,000 after acquiring an additional 1,169,533 shares during the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

STAG Industrial Stock Performance

Shares of STAG opened at $35.62 on Tuesday. The stock’s 50-day simple moving average is $33.78 and its 200 day simple moving average is $34.63. The stock has a market capitalization of $6.65 billion, a price-to-earnings ratio of 34.25 and a beta of 0.93. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36. STAG Industrial has a 52-week low of $28.61 and a 52-week high of $41.63.

STAG Industrial (NYSE:STAG) last issued its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The business had revenue of $205.57 million for the quarter, compared to analysts’ expectations of $202.04 million. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 EPS. Research analysts forecast that STAG Industrial will post 2.47 EPS for the current fiscal year.

STAG Industrial Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $0.1242 per share. The ex-dividend date is Friday, May 30th. This represents a dividend yield of 4.37%. STAG Industrial’s dividend payout ratio is 112.03%.

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.