Stag Industrial, Inc. (NYSE:STAG) Receives $39.71 Consensus Price Target from Brokerages

Stag Industrial, Inc. (NYSE:STAG) has been given a consensus recommendation of “Hold” by the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $39.71.

Several brokerages have issued reports on STAG. Royal Bank Of Canada reissued a “sector perform” rating and issued a $38.00 target price on shares of Stag Industrial in a research report on Monday, May 19th. Raymond James Financial increased their price objective on shares of Stag Industrial from $36.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Finally, Robert W. Baird cut their target price on shares of Stag Industrial from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Wednesday, May 7th.

Insiders Place Their Bets

In other Stag Industrial news, Director Benjamin S. Butcher sold 28,843 shares of the business’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the sale, the director now owns 7,115 shares in the company, valued at approximately $262,543.50. The trade was a 80.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Stag Industrial

A number of hedge funds have recently modified their holdings of the stock. Swiss National Bank lifted its holdings in Stag Industrial by 0.8% in the 4th quarter. Swiss National Bank now owns 358,200 shares of the real estate investment trust’s stock valued at $12,114,000 after purchasing an additional 2,800 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Stag Industrial in the fourth quarter valued at about $1,276,000. US Bancorp DE lifted its stake in shares of Stag Industrial by 1.5% in the fourth quarter. US Bancorp DE now owns 27,107 shares of the real estate investment trust’s stock worth $917,000 after buying an additional 402 shares in the last quarter. Sanctuary Advisors LLC boosted its position in Stag Industrial by 13.3% during the fourth quarter. Sanctuary Advisors LLC now owns 24,449 shares of the real estate investment trust’s stock worth $843,000 after acquiring an additional 2,866 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Stag Industrial during the fourth quarter worth about $470,000. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Stag Industrial Price Performance

Shares of STAG opened at $36.87 on Friday. Stag Industrial has a fifty-two week low of $28.61 and a fifty-two week high of $41.63. The firm’s 50-day simple moving average is $34.78 and its two-hundred day simple moving average is $34.61. The stock has a market cap of $6.88 billion, a PE ratio of 27.72 and a beta of 0.94. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.25 and a current ratio of 1.25.

Stag Industrial (NYSE:STAG) last released its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. The business had revenue of $205.57 million for the quarter, compared to the consensus estimate of $202.04 million. Stag Industrial had a return on equity of 7.04% and a net margin of 31.05%. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.59 earnings per share. Analysts anticipate that Stag Industrial will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $0.1242 dividend. This represents a dividend yield of 4.37%. The ex-dividend date of this dividend was Friday, May 30th. Stag Industrial’s payout ratio is currently 112.03%.

About Stag Industrial

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.