Stag Industrial, Inc. (NYSE:STAG) Given Consensus Recommendation of “Hold” by Brokerages

Stag Industrial, Inc. (NYSE:STAG) has earned an average recommendation of “Hold” from the nine research firms that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $38.8889.

STAG has been the subject of several recent research reports. Wall Street Zen cut Stag Industrial from a “hold” rating to a “sell” rating in a report on Saturday. Evercore ISI raised their target price on Stag Industrial from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Royal Bank Of Canada lifted their price target on Stag Industrial from $38.00 to $42.00 and gave the stock a “sector perform” rating in a report on Thursday, November 6th. Robert W. Baird boosted their price target on shares of Stag Industrial from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Finally, Wells Fargo & Company raised their price objective on shares of Stag Industrial from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Monday, November 10th.

Stag Industrial Stock Performance

STAG opened at $37.31 on Wednesday. Stag Industrial has a twelve month low of $28.61 and a twelve month high of $39.73. The firm has a market capitalization of $6.97 billion, a PE ratio of 28.70 and a beta of 1.06. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.89. The firm’s 50-day moving average price is $38.18 and its 200 day moving average price is $36.82.

Stag Industrial (NYSE:STAG) last released its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The business had revenue of $211.12 million for the quarter, compared to analyst estimates of $210.26 million. Stag Industrial had a net margin of 29.24% and a return on equity of 6.84%. The business’s revenue was up 10.7% on a year-over-year basis. During the same period last year, the company posted $0.60 EPS. As a group, sell-side analysts expect that Stag Industrial will post 2.47 EPS for the current fiscal year.

Stag Industrial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.1242 per share. The ex-dividend date is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. Stag Industrial’s dividend payout ratio (DPR) is currently 114.62%.

Insider Buying and Selling

In related news, EVP Michael Chase sold 13,144 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $38.75, for a total value of $509,330.00. Following the transaction, the executive vice president directly owned 9,422 shares in the company, valued at approximately $365,102.50. This represents a 58.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Stag Industrial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STAG. Park Avenue Securities LLC purchased a new position in shares of Stag Industrial in the 2nd quarter valued at $268,000. AQR Capital Management LLC boosted its stake in Stag Industrial by 70.0% in the first quarter. AQR Capital Management LLC now owns 350,708 shares of the real estate investment trust’s stock valued at $12,633,000 after acquiring an additional 144,368 shares in the last quarter. Voya Investment Management LLC boosted its stake in Stag Industrial by 29.1% in the first quarter. Voya Investment Management LLC now owns 84,117 shares of the real estate investment trust’s stock valued at $3,038,000 after acquiring an additional 18,943 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Stag Industrial by 273.9% during the second quarter. Sequoia Financial Advisors LLC now owns 23,221 shares of the real estate investment trust’s stock worth $842,000 after purchasing an additional 17,010 shares during the last quarter. Finally, Pacific Heights Asset Management LLC increased its position in shares of Stag Industrial by 140.0% during the second quarter. Pacific Heights Asset Management LLC now owns 300,000 shares of the real estate investment trust’s stock worth $10,884,000 after purchasing an additional 175,000 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

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.