STAG Industrial, Inc. (NYSE:STAG) Receives $41.00 Consensus PT from Analysts

Shares of STAG Industrial, Inc. (NYSE:STAG) have been assigned a consensus rating of “Hold” from the nine analysts that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $41.00.

A number of research firms have recently commented on STAG. Raymond James increased their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Barclays decreased their price target on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Finally, Wells Fargo & Company dropped their price objective on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th.

STAG Industrial Stock Performance

Shares of STAG opened at $33.38 on Friday. The stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of 33.72 and a beta of 1.09. STAG Industrial has a 12 month low of $32.79 and a 12 month high of $41.63. The firm has a fifty day simple moving average of $35.90 and a 200 day simple moving average of $37.63. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87.

STAG Industrial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.1233 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date is Tuesday, December 31st. STAG Industrial’s dividend payout ratio (DPR) is presently 149.49%.

Hedge Funds Weigh In On STAG Industrial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. boosted its holdings in shares of STAG Industrial by 54.1% during the 3rd quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 306 shares during the period. Wetzel Investment Advisors Inc. bought a new stake in shares of STAG Industrial during the second quarter worth approximately $38,000. Coastline Trust Co bought a new stake in shares of STAG Industrial during the third quarter worth approximately $55,000. GAMMA Investing LLC grew its position in shares of STAG Industrial by 72.7% in the third quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 659 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of STAG Industrial during the second quarter worth approximately $57,000. 88.67% of the stock is owned by institutional investors.

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.