Stag Industrial, Inc. (NYSE:STAG) Receives Average Rating of “Hold” from Analysts

Stag Industrial, Inc. (NYSE:STAG) has received an average recommendation of “Hold” from the ten brokerages that are currently covering the company, MarketBeat reports. One 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 target price among brokerages that have issued a report on the stock in the last year is $39.50.

A number of research firms recently commented on STAG. Weiss Ratings restated a “buy (b)” rating on shares of Stag Industrial in a research report on Monday, December 22nd. Robert W. Baird set a $40.00 target price on Stag Industrial in a report on Tuesday, February 17th. iA Financial set a $39.00 target price on Stag Industrial in a research note on Tuesday, January 13th. Evercore restated an “outperform” rating on shares of Stag Industrial in a report on Friday, February 13th. Finally, JPMorgan Chase & Co. raised their price target on Stag Industrial from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th.

Insider Buying and Selling

In related news, EVP Matts Pinard sold 25,242 shares of Stag Industrial stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $39.18, for a total value of $988,981.56. Following the sale, the executive vice president owned 951 shares of the company’s stock, valued at approximately $37,260.18. This trade represents a 96.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William R. Crooker sold 93,732 shares of Stag Industrial stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $39.17, for a total value of $3,671,482.44. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 136,974 shares of company stock worth $5,345,904. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Stag Industrial

A number of institutional investors have recently made changes to their positions in STAG. Hsbc Holdings PLC boosted its holdings in Stag Industrial by 2.8% during the fourth quarter. Hsbc Holdings PLC now owns 327,577 shares of the real estate investment trust’s stock worth $12,043,000 after purchasing an additional 8,903 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in Stag Industrial by 13.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 35,834 shares of the real estate investment trust’s stock valued at $1,317,000 after purchasing an additional 4,134 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Stag Industrial in the 4th quarter valued at $110,000. MidFirst Bank acquired a new stake in Stag Industrial in the 4th quarter valued at $245,000. Finally, Virtu Financial LLC bought a new stake in Stag Industrial during the 4th quarter worth about $239,000. Institutional investors own 88.67% of the company’s stock.

Stag Industrial Stock Down 0.6%

Shares of NYSE STAG opened at $36.10 on Monday. The stock has a market cap of $6.90 billion, a P/E ratio of 24.73 and a beta of 1.04. The firm has a 50 day moving average price of $38.07 and a 200 day moving average price of $37.68. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.90 and a current ratio of 1.90. Stag Industrial has a 52-week low of $28.61 and a 52-week high of $39.98.

Stag Industrial (NYSE:STAG) last posted its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.03. The company had revenue of $220.90 million for the quarter, compared to analyst estimates of $213.66 million. Stag Industrial had a net margin of 32.35% and a return on equity of 7.68%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the business posted $0.61 earnings per share. Analysts expect that Stag Industrial will post 2.47 EPS for the current year.

Stag Industrial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, March 31st. Stag Industrial’s dividend payout ratio is currently 102.05%.

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.