Stag Industrial (NYSE:STAG) Stock Passes Above 200-Day Moving Average – Should You Sell?

Stag Industrial, Inc. (NYSE:STAG)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $38.06 and traded as high as $39.36. Stag Industrial shares last traded at $39.0960, with a volume of 2,541,175 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on STAG. Wells Fargo & Company decreased their price target on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, June 1st. Weiss Ratings lowered shares of Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Barclays dropped their price target on shares of Stag Industrial from $39.00 to $38.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 5th. Evercore reiterated an “outperform” rating and issued a $44.00 price objective on shares of Stag Industrial in a report on Wednesday, April 29th. Finally, Raymond James Financial started coverage on Stag Industrial in a report on Wednesday, June 17th. They set an “outperform” rating and a $44.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $40.40.

Stag Industrial Stock Performance

The company has a debt-to-equity ratio of 0.87, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a market capitalization of $7.48 billion, a PE ratio of 30.31 and a beta of 0.97. The firm has a fifty day moving average price of $38.27 and a 200 day moving average price of $38.06.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings data 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. Stag Industrial had a return on equity of 6.80% and a net margin of 28.25%.The firm had revenue of $224.21 million for the quarter, compared to the consensus estimate of $221.51 million. During the same quarter in the previous year, the company earned $0.61 EPS. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. Research analysts anticipate that Stag Industrial, Inc. will post 2.64 earnings per share for the current fiscal year.

Stag Industrial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $0.3875 dividend. This represents a $1.55 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Tuesday, June 30th. Stag Industrial’s dividend payout ratio is 120.16%.

Institutional Trading of Stag Industrial

Several large investors have recently added to or reduced their stakes in the company. Clearstead Advisors LLC lifted its holdings in shares of Stag Industrial by 193.6% in the fourth quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 482 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Stag Industrial during the third quarter valued at $27,000. International Assets Investment Management LLC purchased a new stake in Stag Industrial in the 4th quarter worth about $51,000. EverSource Wealth Advisors LLC boosted its position in Stag Industrial by 270.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 1,048 shares during the period. Finally, Root Financial Partners LLC grew its stake in Stag Industrial by 32.9% during the 4th quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 397 shares in the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

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.