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

Stag Industrial, Inc. (NYSE:STAG) has earned a consensus rating of “Hold” from the nine analysts that are presently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $38.8889.

Several research firms have recently issued reports on STAG. Evercore ISI boosted their target price on Stag Industrial from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Citigroup boosted their price objective on shares of Stag Industrial from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. Royal Bank Of Canada increased their target price on shares of Stag Industrial from $38.00 to $42.00 and gave the stock a “sector perform” rating in a report on Thursday, November 6th. Wells Fargo & Company lifted their price target on shares of Stag Industrial from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Monday, November 10th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Stag Industrial in a report on Monday, December 22nd.

Insider Activity

In other news, EVP Michael Chase sold 13,144 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $38.75, for a total transaction of $509,330.00. Following the sale, the executive vice president owned 9,422 shares of the company’s stock, valued at $365,102.50. This trade represents a 58.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.

Institutional Trading of Stag Industrial

Several hedge funds have recently bought and sold shares of STAG. Park Avenue Securities LLC bought a new position in shares of Stag Industrial in the second quarter valued at $268,000. AQR Capital Management LLC lifted its stake in Stag Industrial by 70.0% in the first quarter. AQR Capital Management LLC now owns 350,708 shares of the real estate investment trust’s stock valued at $12,633,000 after acquiring an additional 144,368 shares during the last quarter. Voya Investment Management LLC grew its position in shares of Stag Industrial by 29.1% in the 1st quarter. Voya Investment Management LLC now owns 84,117 shares of the real estate investment trust’s stock valued at $3,038,000 after acquiring an additional 18,943 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of Stag Industrial by 273.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 23,221 shares of the real estate investment trust’s stock worth $842,000 after purchasing an additional 17,010 shares during the last quarter. Finally, Pacific Heights Asset Management LLC raised its holdings in shares of Stag Industrial by 140.0% in the 2nd quarter. Pacific Heights Asset Management LLC now owns 300,000 shares of the real estate investment trust’s stock valued at $10,884,000 after purchasing an additional 175,000 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Stag Industrial Stock Performance

Shares of Stag Industrial stock opened at $37.92 on Wednesday. The firm has a fifty day moving average of $38.16 and a two-hundred day moving average of $36.85. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of 29.17 and a beta of 1.06. Stag Industrial has a 52 week low of $28.61 and a 52 week high of $39.73.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The business had revenue of $211.12 million during the quarter, compared to analysts’ expectations of $210.26 million. Stag Industrial had a return on equity of 6.84% and a net margin of 29.24%.The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.60 earnings per share. As a group, equities research analysts predict that Stag Industrial will post 2.47 EPS for the current year.

Stag Industrial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, March 31st. Stag Industrial’s payout ratio is presently 114.62%.

Stag Industrial Company Profile

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.