Stag Industrial Inc (STAG) Receives Average Rating of “Buy” from Analysts
Stag Industrial Inc (NYSE:STAG) has been given a consensus rating of “Buy” by the eleven analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $28.50.
A number of analysts have recently weighed in on STAG shares. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Stag Industrial in a research note on Friday, November 3rd. Jefferies Group reiterated a “buy” rating and set a $32.00 target price on shares of Stag Industrial in a research note on Tuesday, September 26th. JPMorgan Chase & Co. upgraded shares of Stag Industrial from a “neutral” rating to an “overweight” rating and set a $30.00 target price for the company in a research note on Friday, December 15th. UBS Group upgraded shares of Stag Industrial from a “sell” rating to a “neutral” rating and upped their target price for the company from $21.00 to $28.00 in a research note on Friday, September 8th. Finally, BidaskClub upgraded shares of Stag Industrial from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 4th.
Institutional investors and hedge funds have recently bought and sold shares of the company. Rhumbline Advisers grew its holdings in shares of Stag Industrial by 19.1% in the 2nd quarter. Rhumbline Advisers now owns 124,302 shares of the real estate investment trust’s stock worth $3,431,000 after purchasing an additional 19,900 shares during the last quarter. State Street Corp grew its holdings in shares of Stag Industrial by 11.9% in the 2nd quarter. State Street Corp now owns 1,895,836 shares of the real estate investment trust’s stock worth $52,324,000 after purchasing an additional 200,955 shares during the last quarter. San Francisco Sentry Investment Group CA grew its holdings in shares of Stag Industrial by 180.6% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 11,854 shares of the real estate investment trust’s stock worth $326,000 after purchasing an additional 7,630 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Stag Industrial by 11.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,159,878 shares of the real estate investment trust’s stock worth $32,012,000 after purchasing an additional 116,002 shares during the last quarter. Finally, Dana Investment Advisors Inc. bought a new stake in shares of Stag Industrial in the 3rd quarter worth about $2,219,000. 82.06% of the stock is currently owned by institutional investors and hedge funds.
Stag Industrial (NYSE:STAG) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. Stag Industrial had a net margin of 18.96% and a return on equity of 5.72%. The business had revenue of $78.14 million during the quarter, compared to analysts’ expectations of $76.17 million. During the same period in the previous year, the company earned $0.40 earnings per share. Stag Industrial’s revenue for the quarter was up 24.8% on a year-over-year basis. research analysts anticipate that Stag Industrial will post 1.68 EPS for the current fiscal year.
The company also recently announced a monthly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a $0.1183 dividend. This represents a $1.42 annualized dividend and a dividend yield of 5.34%. The ex-dividend date of this dividend is Tuesday, February 27th. Stag Industrial’s payout ratio is 256.36%.
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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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