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

STAG Industrial, Inc. (NYSE:STAG) has received an average recommendation of “Hold” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $41.00.

A number of equities analysts have weighed in on the stock. Barclays dropped their target price on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Raymond James raised their price target on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, Wells Fargo & Company dropped their price objective on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, November 4th.

Hedge Funds Weigh In On STAG Industrial

Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC increased its position in shares of STAG Industrial by 145.5% in the 3rd quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust’s stock valued at $271,132,000 after buying an additional 4,111,268 shares in the last quarter. Earnest Partners LLC increased its holdings in shares of STAG Industrial by 2.2% in the second quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust’s stock worth $131,727,000 after acquiring an additional 78,189 shares in the last quarter. Geode Capital Management LLC raised its position in shares of STAG Industrial by 0.6% during the third quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust’s stock worth $133,077,000 after purchasing an additional 21,925 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of STAG Industrial by 7.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust’s stock valued at $123,883,000 after purchasing an additional 227,629 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of STAG Industrial by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,865,673 shares of the real estate investment trust’s stock valued at $103,333,000 after purchasing an additional 167,532 shares during the period. 88.67% of the stock is owned by institutional investors.

STAG Industrial Stock Performance

NYSE:STAG opened at $33.82 on Friday. The stock has a market capitalization of $6.16 billion, a P/E ratio of 34.16 and a beta of 1.07. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87. STAG Industrial has a 1 year low of $33.18 and a 1 year high of $41.63. The firm has a 50 day moving average of $36.07 and a 200-day moving average of $37.67.

STAG Industrial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.1233 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.38%. STAG Industrial’s dividend payout ratio (DPR) is presently 149.49%.

STAG Industrial Company Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.