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

Stag Industrial, Inc. (NYSE:STAG) has been assigned an average rating of “Hold” from the ten brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $40.40.

A number of research analysts recently issued reports on STAG shares. Raymond James Financial initiated coverage on shares of Stag Industrial in a research note on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 price target for the company. Evercore reissued an “outperform” rating and issued a $44.00 target price on shares of Stag Industrial in a report on Wednesday, April 29th. Weiss Ratings downgraded Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Wells Fargo & Company lowered their price target on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. Finally, Barclays lowered their target price on shares of Stag Industrial from $39.00 to $38.00 and set an “underweight” rating for the company in a report on Tuesday, May 5th.

Stag Industrial Stock Performance

Stag Industrial stock opened at $38.10 on Wednesday. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 29.53 and a beta of 0.98. Stag Industrial has a 1-year low of $33.72 and a 1-year high of $39.99. The firm has a 50 day simple moving average of $38.30 and a 200-day simple moving average of $37.96. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.57 and a quick ratio of 1.57.

Stag Industrial (NYSE:STAG) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.09. The company 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%. Stag Industrial’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.61 earnings per share. On average, analysts expect that Stag Industrial will post 2.64 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 dividend of $0.3875 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.1%. Stag Industrial’s dividend payout ratio (DPR) is currently 120.16%.

Institutional Investors Weigh In On Stag Industrial

Large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Stag Industrial by 22.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,583 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 285 shares in the last quarter. IFG Advisory LLC raised its stake in shares of Stag Industrial by 3.3% during the 3rd quarter. IFG Advisory LLC now owns 11,118 shares of the real estate investment trust’s stock worth $392,000 after buying an additional 351 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in Stag Industrial by 1.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 30,515 shares of the real estate investment trust’s stock valued at $1,122,000 after acquiring an additional 367 shares in the last quarter. First National Trust Co raised its position in Stag Industrial by 1.7% during the fourth quarter. First National Trust Co now owns 23,166 shares of the real estate investment trust’s stock worth $852,000 after acquiring an additional 388 shares during the last quarter. Finally, Root Financial Partners LLC lifted its holdings in shares of Stag Industrial by 32.9% in the fourth quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 397 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.