Brokerages Set STAG Industrial, Inc. (NYSE:STAG) PT at $39.00

STAG Industrial, Inc. (NYSE:STAG) has received an average recommendation of “Hold” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $39.00.

STAG has been the topic of a number of research analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a $42.00 price target (up from $41.00) on shares of STAG Industrial in a research note on Monday, April 8th. BNP Paribas started coverage on STAG Industrial in a research note on Tuesday, June 4th. They issued a “neutral” rating and a $39.00 price target on the stock. Finally, Barclays lowered their price objective on STAG Industrial from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday, May 24th.

STAG Industrial Stock Performance

Shares of NYSE:STAG opened at $34.96 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.75 and a quick ratio of 1.75. The business’s 50 day moving average price is $35.41 and its 200-day moving average price is $37.01. The firm has a market capitalization of $6.37 billion, a PE ratio of 34.96, a P/E/G ratio of 4.94 and a beta of 1.08. STAG Industrial has a 1 year low of $31.69 and a 1 year high of $39.61.

STAG Industrial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.1233 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.48 dividend on an annualized basis and a yield of 4.23%. STAG Industrial’s dividend payout ratio is currently 148.00%.

Insider Buying and Selling at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 30,000 shares of STAG Industrial stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $34.81, for a total value of $1,044,300.00. Following the sale, the director now owns 8,304 shares in the company, valued at $289,062.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On STAG Industrial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp raised its holdings in shares of STAG Industrial by 31.4% in the 4th quarter. Fifth Third Bancorp now owns 1,189 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 284 shares during the period. Verdence Capital Advisors LLC raised its holdings in shares of STAG Industrial by 3.6% in the 4th quarter. Verdence Capital Advisors LLC now owns 8,670 shares of the real estate investment trust’s stock valued at $340,000 after buying an additional 301 shares during the period. Cornercap Investment Counsel Inc. raised its holdings in shares of STAG Industrial by 1.2% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 27,263 shares of the real estate investment trust’s stock valued at $1,070,000 after buying an additional 324 shares during the period. Xponance Inc. raised its holdings in shares of STAG Industrial by 1.6% in the 4th quarter. Xponance Inc. now owns 21,838 shares of the real estate investment trust’s stock valued at $857,000 after buying an additional 338 shares during the period. Finally, Mariner LLC raised its holdings in shares of STAG Industrial by 1.0% in the 3rd quarter. Mariner LLC now owns 33,229 shares of the real estate investment trust’s stock valued at $1,147,000 after buying an additional 339 shares during the period. Hedge funds and other institutional investors own 88.67% of the company’s stock.

STAG Industrial Company Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.