Stag Industrial Inc (STAG) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Stag Industrial Inc (NYSE:STAG) have received an average recommendation of “Buy” from the nine ratings firms that are covering the company. Three equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $25.71.
A number of analysts recently weighed in on the stock. Cantor Fitzgerald restated a “hold” rating and set a $25.00 target price on shares of Stag Industrial in a report on Tuesday, May 2nd. Jefferies Group LLC raised their target price on shares of Stag Industrial from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Monday, April 24th. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Stag Industrial in a report on Wednesday, May 3rd. Finally, Royal Bank of Canada restated a “buy” rating and set a $26.00 target price on shares of Stag Industrial in a report on Friday, March 17th.
Shares of Stag Industrial (NYSE:STAG) opened at 26.59 on Tuesday. Stag Industrial has a 52 week low of $20.75 and a 52 week high of $26.87. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 217.95 and a beta of 1.15. The stock’s 50 day moving average price is $26.12 and its 200 day moving average price is $24.47.
Stag Industrial (NYSE:STAG) last issued its earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. The firm had revenue of $69.48 million during the quarter, compared to analysts’ expectations of $68.57 million. Stag Industrial had a negative net margin of 7.25% and a negative return on equity of 2.54%. Equities research analysts anticipate that Stag Industrial will post ($0.04) EPS for the current fiscal year.
The company also recently disclosed a monthly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a $0.1175 dividend. This represents a $1.41 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date of this dividend is Thursday, September 28th. Stag Industrial’s dividend payout ratio is -304.35%.
Institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its position in Stag Industrial by 42.1% in the first quarter. Goldman Sachs Group Inc. now owns 481,902 shares of the real estate investment trust’s stock worth $12,057,000 after buying an additional 142,743 shares in the last quarter. Brookfield Asset Management Inc. purchased a new position in Stag Industrial during the first quarter worth approximately $62,369,000. Westwood Holdings Group Inc. raised its position in Stag Industrial by 19.4% in the first quarter. Westwood Holdings Group Inc. now owns 2,525,214 shares of the real estate investment trust’s stock worth $63,181,000 after buying an additional 409,970 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in Stag Industrial by 7.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 61,152 shares of the real estate investment trust’s stock worth $1,530,000 after buying an additional 4,315 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in Stag Industrial during the first quarter worth approximately $205,000. 77.41% of the stock is owned by hedge funds and other institutional investors.
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Stag Industrial Company Profile
STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.
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