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

Stag Industrial, Inc. (NYSE:STAG) has earned an average recommendation of “Hold” from the eight brokerages that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $38.00.

STAG has been the subject of a number of recent analyst reports. Evercore ISI increased their price target on Stag Industrial from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Industrial Alliance Securities set a $37.00 target price on Stag Industrial in a research report on Wednesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Stag Industrial in a report on Saturday, September 27th. Finally, Cantor Fitzgerald initiated coverage on Stag Industrial in a research note on Wednesday. They issued a “neutral” rating and a $37.00 price target on the stock.

Insider Buying and Selling at Stag Industrial

In other news, Director Larry T. Guillemette sold 2,004 shares of the stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $35.20, for a total transaction of $70,540.80. Following the transaction, the director owned 38,666 shares of the company’s stock, valued at $1,361,043.20. This represents a 4.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Benjamin S. Butcher sold 25,000 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $36.91, for a total value of $922,750.00. Following the completion of the sale, the director directly owned 7,562 shares of the company’s stock, valued at $279,113.42. The trade was a 76.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Stag Industrial

Hedge funds and other institutional investors have recently bought and sold shares of the business. Teacher Retirement System of Texas lifted its stake in shares of Stag Industrial by 55.3% in the first quarter. Teacher Retirement System of Texas now owns 39,735 shares of the real estate investment trust’s stock valued at $1,435,000 after buying an additional 14,155 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Stag Industrial by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 429,045 shares of the real estate investment trust’s stock valued at $15,497,000 after acquiring an additional 11,408 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Stag Industrial by 4.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 12,711 shares of the real estate investment trust’s stock worth $459,000 after acquiring an additional 571 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Stag Industrial by 8.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,255 shares of the real estate investment trust’s stock valued at $587,000 after purchasing an additional 1,295 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Stag Industrial by 70.0% during the first quarter. AQR Capital Management LLC now owns 350,708 shares of the real estate investment trust’s stock valued at $12,633,000 after purchasing an additional 144,368 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

Stag Industrial Stock Performance

NYSE:STAG opened at $36.23 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.31 and a current ratio of 1.31. Stag Industrial has a fifty-two week low of $28.61 and a fifty-two week high of $39.21. The company has a 50 day simple moving average of $35.56 and a two-hundred day simple moving average of $35.11. The company has a market capitalization of $6.76 billion, a PE ratio of 28.52 and a beta of 0.92.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.63 EPS for the quarter, meeting analysts’ consensus estimates of $0.63. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The company had revenue of $207.44 million for the quarter, compared to analyst estimates of $206.37 million. During the same period in the prior year, the firm posted $0.61 EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Research analysts anticipate that Stag Industrial will post 2.47 earnings per share for the current year.

Stag Industrial Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a dividend of $0.1242 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Friday, August 29th. Stag Industrial’s payout ratio is presently 117.32%.

Stag Industrial Company Profile

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.