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

Stag Industrial, Inc. (NYSE:STAG) has been given an average recommendation of “Hold” by the nine brokerages that are presently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $38.8889.

A number of equities research analysts recently weighed in on STAG shares. Royal Bank Of Canada lifted their price objective on shares of Stag Industrial from $38.00 to $42.00 and gave the company a “sector perform” rating in a report on Thursday, November 6th. Industrial Alliance Securities set a $37.00 price target on shares of Stag Industrial in a research note on Wednesday, October 1st. Wall Street Zen upgraded Stag Industrial from a “sell” rating to a “hold” rating in a report on Sunday, November 16th. Citigroup upped their target price on Stag Industrial from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. Finally, Robert W. Baird increased their price target on Stag Industrial from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th.

Stag Industrial Price Performance

STAG stock opened at $38.95 on Tuesday. The stock has a market cap of $7.27 billion, a PE ratio of 29.96 and a beta of 0.95. Stag Industrial has a 12 month low of $28.61 and a 12 month high of $39.57. The company has a 50-day moving average price of $37.31 and a 200 day moving average price of $36.35. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.86.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.02. Stag Industrial had a return on equity of 6.82% and a net margin of 29.24%.The firm had revenue of $211.12 million for the quarter, compared to the consensus estimate of $210.26 million. During the same period in the prior year, the business posted $0.60 earnings per share. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. Equities research analysts anticipate that Stag Industrial will post 2.47 earnings per share for the current year.

Stag Industrial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.1242 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Wednesday, December 31st. Stag Industrial’s dividend payout ratio is 114.62%.

Insider Activity at Stag Industrial

In other Stag Industrial news, EVP Michael Chase sold 13,144 shares of Stag Industrial stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $38.75, for a total value of $509,330.00. Following the transaction, the executive vice president owned 9,422 shares in the company, valued at $365,102.50. The trade was a 58.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Benjamin S. Butcher sold 25,000 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $36.91, for a total transaction of $922,750.00. Following the completion of the sale, the director owned 7,562 shares in the company, valued at $279,113.42. This represents a 76.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 40,148 shares of company stock valued at $1,502,621 over the last quarter. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in STAG. Private Trust Co. NA raised its position in shares of Stag Industrial by 2,183.9% in the 2nd quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 677 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of Stag Industrial in the third quarter worth $27,000. Chung Wu Investment Group LLC acquired a new stake in shares of Stag Industrial during the second quarter worth $29,000. Avalon Trust Co purchased a new stake in shares of Stag Industrial during the first quarter valued at $36,000. Finally, Keystone Global Partners LLC acquired a new position in shares of Stag Industrial in the 1st quarter valued at $41,000. 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.