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

Stag Industrial, Inc. (NYSE:STAG) has received an average recommendation of “Hold” from the ten brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $40.70.

Several analysts have recently issued reports on the stock. Barclays lifted their target price on shares of Stag Industrial from $38.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday, July 16th. Weiss Ratings downgraded shares of Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Wells Fargo & Company decreased 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 research note on Monday, June 1st. 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 research note on Wednesday, June 17th. They set an “outperform” rating and a $44.00 price objective for the company.

Stag Industrial Price Performance

Stag Industrial stock opened at $41.11 on Friday. The company’s fifty day moving average price is $38.74 and its 200 day moving average price is $38.30. Stag Industrial has a 1 year low of $33.72 and a 1 year high of $42.61. The stock has a market capitalization of $7.86 billion, a P/E ratio of 31.87 and a beta of 0.97. 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 (NYSE:STAG) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 EPS for the quarter, topping the consensus estimate of $0.23 by $0.09. The company had revenue of $224.21 million during the quarter, compared to analyst estimates of $221.51 million. Stag Industrial had a net margin of 28.25% and a return on equity of 6.80%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 EPS. As a group, equities research analysts anticipate that Stag Industrial will post 2.64 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.3875 dividend. This represents a $1.55 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Tuesday, June 30th. Stag Industrial’s dividend payout ratio (DPR) is 120.16%.

Institutional Trading of Stag Industrial

Several large investors have recently made changes to their positions in the company. Clearstead Advisors LLC grew its holdings in Stag Industrial by 193.6% in the 4th quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 482 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of Stag Industrial in the 3rd quarter worth $27,000. International Assets Investment Management LLC purchased a new position in shares of Stag Industrial during the 4th quarter worth $51,000. EverSource Wealth Advisors LLC raised its holdings in shares of 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 boosted its position in shares of 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 during the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

About Stag Industrial

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.