Stag Industrial (NYSE:STAG) Stock Breaks Above 50-Day Moving Average – Here’s What Happened

Stag Industrial, Inc. (NYSE:STAG)’s share price passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $36.75 and traded as high as $37.69. Stag Industrial shares last traded at $37.47, with a volume of 999,897 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Barclays upped their price target on shares of Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, July 16th. Robert W. Baird upgraded shares of Stag Industrial from a “neutral” rating to an “outperform” rating and set a $42.00 price target on the stock in a report on Monday, August 31st. Evercore reissued an “outperform” rating on shares of Stag Industrial in a research note on Monday, September 14th. Wells Fargo & Company lowered their price objective on shares of Stag Industrial from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 1st. Finally, Citigroup dropped their price objective on Stag Industrial from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, October 29th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $41.11.

Stag Industrial Stock Performance

The stock’s 50-day moving average is $36.75 and its 200-day moving average is $37.87. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of 26.57 and a beta of 0.91.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings results on Tuesday, October 27th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.29). The business had revenue of $231.05 million for the quarter, compared to analyst estimates of $227.16 million. Stag Industrial had a net margin of 29.88% and a return on equity of 7.28%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $0.65 earnings per share. On average, analysts expect that Stag Industrial, Inc. will post 2.64 EPS for the current year.

Stag Industrial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 31st will be given a $0.3875 dividend. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $1.55 annualized dividend and a dividend yield of 4.1%. Stag Industrial’s dividend payout ratio is presently 109.93%.

Hedge Funds Weigh In On Stag Industrial

A number of hedge funds have recently made changes to their positions in the business. Hantz Financial Services Inc. lifted its holdings in shares of Stag Industrial by 2.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 20,461 shares of the real estate investment trust’s stock valued at $733,000 after acquiring an additional 456 shares in the last quarter. Aberdeen Group plc increased its holdings in Stag Industrial by 87.7% in the 3rd quarter. Aberdeen Group plc now owns 156,305 shares of the real estate investment trust’s stock valued at $5,597,000 after purchasing an additional 73,027 shares in the last quarter. Allworth Financial LP increased its holdings in Stag Industrial by 24.4% in the 3rd quarter. Allworth Financial LP now owns 2,918 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 573 shares in the last quarter. Aew Capital Management Inc. acquired a new stake in Stag Industrial in the 3rd quarter valued at $88,000. Finally, Maryland State Retirement & Pension System raised its position in Stag Industrial by 17.7% in the third quarter. Maryland State Retirement & Pension System now owns 11,584 shares of the real estate investment trust’s stock valued at $415,000 after purchasing an additional 1,744 shares during the period. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Stag Industrial Company Profile