Stag Industrial (NYSE:STAG) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Stag Industrial, Inc. (NYSE:STAG) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $38.06 and traded as high as $39.36. Stag Industrial shares last traded at $39.0960, with a volume of 2,541,175 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on STAG shares. Wells Fargo & Company dropped their price target on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, June 1st. Evercore reaffirmed an “outperform” rating and issued a $44.00 price objective on shares of Stag Industrial in a report on Wednesday, April 29th. Raymond James Financial began coverage on shares of Stag Industrial in a research note on Wednesday, June 17th. They set an “outperform” rating and a $44.00 target price for the company. Weiss Ratings downgraded shares of Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Finally, Barclays decreased their price target on shares of Stag Industrial from $39.00 to $38.00 and set an “underweight” rating for the company in a report on Tuesday, May 5th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $40.40.

Stag Industrial Trading Up 1.3%

The firm has a market cap of $7.62 billion, a P/E ratio of 30.89 and a beta of 0.97. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a fifty day moving average of $38.29 and a 200-day moving average of $38.08.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.09. Stag Industrial had a return on equity of 6.80% and a net margin of 28.25%.The firm had revenue of $224.21 million during the quarter, compared to the consensus estimate of $221.51 million. During the same period in the prior year, the business earned $0.61 EPS. The firm’s revenue was up 9.0% on a year-over-year basis. Equities research analysts forecast that Stag Industrial, Inc. will post 2.64 earnings per share for the current year.

Stag Industrial Dividend Announcement

The company 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 3.9%. Stag Industrial’s dividend payout ratio is currently 120.16%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC raised its holdings in shares of Stag Industrial by 17.6% during the first quarter. NewEdge Advisors LLC now owns 9,952 shares of the real estate investment trust’s stock valued at $359,000 after buying an additional 1,491 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Stag Industrial by 37.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust’s stock worth $60,391,000 after buying an additional 451,355 shares in the last quarter. Empowered Funds LLC acquired a new stake in Stag Industrial in the 1st quarter valued at approximately $229,000. EverSource Wealth Advisors LLC increased its position in Stag Industrial by 270.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 1,048 shares during the period. Finally, First Trust Advisors LP raised its stake in Stag Industrial by 173.4% during the 2nd quarter. First Trust Advisors LP now owns 177,756 shares of the real estate investment trust’s stock valued at $6,449,000 after acquiring an additional 112,747 shares in the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

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.