Brokerages Set Stag Industrial, Inc. (NYSE:STAG) Target Price at $38.33

Stag Industrial, Inc. (NYSE:STAG) has received a consensus recommendation of “Hold” from the eight analysts that are currently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $38.00.

Several research analysts have weighed in on STAG shares. Industrial Alliance Securities set a $37.00 target price on Stag Industrial in a report on Wednesday. Cantor Fitzgerald started coverage on Stag Industrial in a report on Wednesday. They set a “neutral” rating and a $37.00 target price on the stock. Evercore ISI lifted their target price on Stag Industrial from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Stag Industrial in a report on Saturday, September 27th.

Insider Buying and Selling at Stag Industrial

In related news, Director Benjamin S. Butcher sold 25,000 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $36.91, for a total value of $922,750.00. Following the sale, the director directly owned 7,562 shares of the company’s stock, valued at approximately $279,113.42. The trade was a 76.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Larry T. Guillemette sold 2,004 shares of the business’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $35.20, for a total transaction of $70,540.80. Following the completion of the sale, the director directly owned 38,666 shares in the company, valued at $1,361,043.20. This represents a 4.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Stag Industrial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Central Pacific Bank Trust Division lifted its position in Stag Industrial by 9.9% during the 3rd quarter. Central Pacific Bank Trust Division now owns 5,673 shares of the real estate investment trust’s stock worth $200,000 after buying an additional 510 shares in the last quarter. Corient Private Wealth LLC lifted its position in Stag Industrial by 8.1% during the 2nd quarter. Corient Private Wealth LLC now owns 56,880 shares of the real estate investment trust’s stock worth $2,064,000 after buying an additional 4,278 shares in the last quarter. Osaic Holdings Inc. lifted its position in Stag Industrial by 3.7% during the 2nd quarter. Osaic Holdings Inc. now owns 94,231 shares of the real estate investment trust’s stock worth $3,419,000 after buying an additional 3,338 shares in the last quarter. American Trust bought a new stake in Stag Industrial during the 2nd quarter worth about $203,000. Finally, Orion Porfolio Solutions LLC lifted its position in Stag Industrial by 7.6% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 77,723 shares of the real estate investment trust’s stock worth $2,820,000 after buying an additional 5,492 shares in the last quarter. 88.67% of the stock is owned by institutional investors.

Stag Industrial Price Performance

STAG opened at $36.23 on Monday. The company has a fifty day moving average price of $35.56 and a two-hundred day moving average price of $35.10. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.31 and a current ratio of 1.31. Stag Industrial has a 52 week low of $28.61 and a 52 week high of $39.21. The firm has a market capitalization of $6.76 billion, a PE ratio of 28.52 and a beta of 0.92.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.63. The company had revenue of $207.44 million during the quarter, compared to analyst estimates of $206.37 million. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 EPS. As a group, analysts anticipate that Stag Industrial will post 2.47 earnings per share for the current year.

Stag Industrial Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a $0.1242 dividend. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Friday, August 29th. Stag Industrial’s payout ratio is currently 117.32%.

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.