Stag Industrial, Inc. (NYSE:STAG) Receives $50.50 Consensus Price Target from Analysts

Shares of Stag Industrial, Inc. (NYSE:STAG) have been given a consensus recommendation of “Hold” by the ten ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $50.50.

STAG has been the subject of a number of research reports. Barclays increased their target price on Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, July 16th. Raymond James Financial assumed coverage on Stag Industrial in a research report on Wednesday, June 17th. They set an “outperform” rating and a $44.00 price objective for the company. Evercore reiterated an “outperform” rating and set a $44.00 price objective on shares of Stag Industrial in a report on Wednesday, April 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stag Industrial in a report on Friday, July 31st. Finally, Wells Fargo & Company dropped their target price on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, June 1st.

Institutional Trading of Stag Industrial

A number of hedge funds and other institutional investors have recently made changes to their positions in STAG. BlackRock Inc. acquired a new position in Stag Industrial during the second quarter worth $1,097,126,000. State Street Corp increased its stake in Stag Industrial by 1.5% in the 2nd quarter. State Street Corp now owns 9,539,842 shares of the real estate investment trust’s stock valued at $347,261,000 after buying an additional 142,132 shares during the last quarter. Norges Bank acquired a new stake in Stag Industrial in the 4th quarter valued at $295,644,000. Alliancebernstein L.P. lifted its position in Stag Industrial by 4.3% during the 2nd quarter. Alliancebernstein L.P. now owns 3,950,923 shares of the real estate investment trust’s stock worth $143,339,000 after buying an additional 162,887 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Stag Industrial by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 3,830,915 shares of the real estate investment trust’s stock worth $140,851,000 after buying an additional 65,502 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Stag Industrial Stock Up 0.9%

Shares of STAG stock opened at $36.68 on Thursday. The firm has a fifty day moving average of $38.66 and a 200-day moving average of $38.33. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.93. Stag Industrial has a 12-month low of $34.40 and a 12-month high of $42.61. The company has a market capitalization of $7.07 billion, a price-to-earnings ratio of 28.22 and a beta of 0.96.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.37). The company had revenue of $224.37 million for the quarter, compared to analyst estimates of $223.04 million. Stag Industrial had a return on equity of 6.79% and a net margin of 28.04%.The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.63 earnings per share. As a group, equities research analysts predict that Stag Industrial will post 2.63 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, September 30th. Stag Industrial’s dividend payout ratio (DPR) is currently 119.23%.

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.