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

Shares of Stag Industrial, Inc. (NYSE:STAG) have been assigned an average recommendation of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $39.3333.

STAG has been the subject of a number of research reports. Robert W. Baird lifted their price objective on Stag Industrial from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Stag Industrial in a report on Monday, December 22nd. Evercore ISI boosted their price target on shares of 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 upped their price objective on Stag Industrial from $38.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 6th. Finally, Wells Fargo & Company lifted their target price on Stag Industrial from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Monday, November 10th.

Stag Industrial Trading Up 0.6%

STAG opened at $37.50 on Friday. The stock has a market capitalization of $7.00 billion, a PE ratio of 28.85 and a beta of 1.06. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.06 and a current ratio of 1.06. Stag Industrial has a one year low of $28.61 and a one year high of $39.73. The business’s 50 day moving average price is $37.74 and its 200 day moving average price is $36.95.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.02. Stag Industrial had a net margin of 29.24% and a return on equity of 6.84%. The firm had revenue of $211.12 million for the quarter, compared to analyst estimates of $210.26 million. During the same period in the previous year, the firm earned $0.60 EPS. Stag Industrial’s revenue was up 10.7% on a year-over-year basis. As a group, equities research analysts expect that Stag Industrial will post 2.47 EPS for the current year.

Stag Industrial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $0.3875 dividend. This represents a $1.55 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Tuesday, March 31st. Stag Industrial’s dividend payout ratio (DPR) is presently 114.62%.

Insider Activity at Stag Industrial

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 shares were sold at an average price of $38.75, for a total transaction of $509,330.00. Following the sale, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in STAG. Wolverine Asset Management LLC increased its position in shares of Stag Industrial by 408.0% during the third quarter. Wolverine Asset Management LLC now owns 129,263 shares of the real estate investment trust’s stock worth $4,562,000 after purchasing an additional 103,820 shares in the last quarter. Pacific Heights Asset Management LLC boosted its position in shares of Stag Industrial by 33.3% in the 3rd quarter. Pacific Heights Asset Management LLC now owns 400,000 shares of the real estate investment trust’s stock valued at $14,116,000 after purchasing an additional 100,000 shares during the period. Sequoia Financial Advisors LLC grew its stake in Stag Industrial by 273.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 23,221 shares of the real estate investment trust’s stock worth $842,000 after buying an additional 17,010 shares during the last quarter. AXA S.A. increased its position in Stag Industrial by 55.9% during the second quarter. AXA S.A. now owns 444,883 shares of the real estate investment trust’s stock worth $16,140,000 after buying an additional 159,580 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its position in Stag Industrial by 2.5% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,110,374 shares of the real estate investment trust’s stock worth $76,564,000 after buying an additional 50,525 shares during the period. Institutional investors and hedge funds 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.