Brokerages Set Stag Industrial, Inc. (NYSE:STAG) Target Price at $40.00

Shares of Stag Industrial, Inc. (NYSE:STAG) have received a consensus recommendation of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $40.00.

STAG has been the subject of several research reports. Evercore restated an “outperform” rating and issued a $44.00 price objective on shares of Stag Industrial in a research report on Wednesday, April 29th. Weiss Ratings cut shares of Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Wells Fargo & Company lowered their price objective on shares of Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, June 1st. Robert W. Baird set a $40.00 price objective on shares of Stag Industrial in a research report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Stag Industrial from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th.

Institutional Investors Weigh In On Stag Industrial

Institutional investors have recently modified their holdings of the business. Clearstead Advisors LLC grew its position in shares of Stag Industrial by 193.6% during the 4th quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 482 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in shares of Stag Industrial during the 3rd quarter worth approximately $27,000. International Assets Investment Management LLC acquired a new stake in shares of Stag Industrial during the 4th quarter worth approximately $51,000. EverSource Wealth Advisors LLC grew its position in shares of Stag Industrial by 270.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 1,048 shares during the period. Finally, Root Financial Partners LLC grew its position in shares of Stag Industrial by 32.9% during the 4th quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 397 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

Stag Industrial Trading Up 0.1%

STAG opened at $38.05 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $7.28 billion, a PE ratio of 29.50 and a beta of 0.98. Stag Industrial has a 1-year low of $33.72 and a 1-year high of $39.99. The firm has a 50-day moving average price of $38.06 and a two-hundred day moving average price of $38.01.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.09. The firm had revenue of $224.21 million during the quarter, compared to analysts’ expectations of $221.52 million. Stag Industrial had a net margin of 28.25% and a return on equity of 6.80%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 EPS. As a group, equities analysts anticipate that Stag Industrial will post 2.63 earnings per share for the current fiscal year.

Stag Industrial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.3875 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.55 annualized dividend and a dividend yield of 4.1%. Stag Industrial’s payout ratio is currently 120.16%.

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.