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

Shares of Stag Industrial, Inc. (NYSE:STAG) have earned a consensus recommendation of “Hold” from the nine analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $40.00.

Several research firms recently weighed in on STAG. Wall Street Zen upgraded shares of Stag Industrial from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. JPMorgan Chase & Co. lifted their price target on shares of Stag Industrial from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Barclays cut their price target on shares of Stag Industrial from $39.00 to $38.00 and set an “underweight” rating on the stock in a report on Tuesday, May 5th. Wells Fargo & Company cut their price target on shares of Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. Finally, Weiss Ratings cut shares of Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th.

Stag Industrial Stock Up 0.6%

Shares of Stag Industrial stock opened at $37.24 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.57 and a current ratio of 1.57. Stag Industrial has a 52-week low of $33.72 and a 52-week high of $39.99. The stock has a market capitalization of $7.12 billion, a price-to-earnings ratio of 28.87 and a beta of 0.98. The company’s 50 day moving average price is $37.97 and its 200-day moving average price is $38.03.

Stag Industrial (NYSE:STAG) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.09. The firm had revenue of $224.21 million for the quarter, compared to analysts’ expectations of $221.52 million. Stag Industrial had a net margin of 28.25% and a return on equity of 6.80%. The business’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the business earned $0.61 earnings per share. Equities research analysts forecast that Stag Industrial will post 2.63 EPS for the current year.

Stag Industrial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.3875 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.55 annualized dividend and a yield of 4.2%. Stag Industrial’s payout ratio is 120.16%.

Institutional Trading of Stag Industrial

Several large investors have recently added to or reduced their stakes in STAG. NewEdge Advisors LLC boosted its holdings in Stag Industrial by 17.6% in the first quarter. NewEdge Advisors LLC now owns 9,952 shares of the real estate investment trust’s stock valued at $359,000 after acquiring an additional 1,491 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Stag Industrial by 37.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust’s stock valued at $60,391,000 after acquiring an additional 451,355 shares in the last quarter. Empowered Funds LLC purchased a new position in Stag Industrial during the first quarter valued at $229,000. EverSource Wealth Advisors LLC lifted its position in Stag Industrial by 270.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 1,048 shares during the period. Finally, First Trust Advisors LP lifted its position in Stag Industrial by 173.4% during the second quarter. First Trust Advisors LP now owns 177,756 shares of the real estate investment trust’s stock valued at $6,449,000 after buying an additional 112,747 shares during the period. 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.