Stag Industrial (NYSE:STAG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Stag Industrial (NYSE:STAG) from a sell rating to a hold rating in a research report released on Saturday morning,Wall Street Zen reports.

A number of other research analysts have also weighed in on STAG. Wells Fargo & Company cut their price objective on Stag Industrial from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 1st. Raymond James Financial assumed coverage on Stag Industrial in a research report on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 target price on the stock. Barclays increased their price target on Stag Industrial from $38.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday, July 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Stag Industrial in a report on Friday, July 31st. Finally, Robert W. Baird raised Stag Industrial from a “neutral” rating to an “outperform” rating and set a $42.00 price objective on the stock in a research note on Monday, August 31st. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $40.70.

Stag Industrial Price Performance

STAG stock opened at $37.68 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.76 and a current ratio of 1.76. The company’s fifty day moving average price is $38.41 and its 200-day moving average price is $38.23. Stag Industrial has a one year low of $34.40 and a one year high of $42.61. The company has a market capitalization of $7.27 billion, a PE ratio of 28.98 and a beta of 0.95.

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

Stag Industrial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a $0.3875 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.55 annualized dividend and a yield of 4.1%. Stag Industrial’s dividend payout ratio (DPR) is presently 119.23%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of STAG. Parkside Financial Bank & Trust grew its stake in shares of Stag Industrial by 330.7% during the second quarter. Parkside Financial Bank & Trust now owns 2,416 shares of the real estate investment trust’s stock valued at $92,000 after buying an additional 1,855 shares during the last quarter. Amundi lifted its stake in shares of Stag Industrial by 7.1% during the 2nd quarter. Amundi now owns 113,512 shares of the real estate investment trust’s stock worth $4,320,000 after acquiring an additional 7,572 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Stag Industrial during the 2nd quarter worth approximately $3,010,000. California State Teachers Retirement System boosted its holdings in Stag Industrial by 3,696.2% during the 2nd quarter. California State Teachers Retirement System now owns 8,409,395 shares of the real estate investment trust’s stock valued at $320,062,000 after acquiring an additional 8,187,875 shares during the period. Finally, Readystate Asset Management LP purchased a new position in Stag Industrial during the 2nd quarter valued at $2,602,000. Hedge funds and other institutional investors own 88.67% of the company’s stock.

About Stag Industrial

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.