Brokerages Set Stag Industrial, Inc. (NYSE:STAG) Price Target at $40.70

Shares of Stag Industrial, Inc. (NYSE:STAG) have earned an average rating of “Hold” from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $40.70.

Several research firms recently commented on STAG. Evercore reiterated an “outperform” rating on shares of Stag Industrial in a research note on Monday. Robert W. Baird upgraded Stag Industrial from a “neutral” rating to an “outperform” rating and set a $42.00 price target on the stock in a research note on Monday, August 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stag Industrial in a report on Friday, July 31st. Raymond James Financial initiated coverage on shares of Stag Industrial in a research note on Wednesday, June 17th. They set an “outperform” rating and a $44.00 price target on the stock. Finally, Wells Fargo & Company dropped their price target on shares of 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.

Stag Industrial Trading Up 0.3%

Shares of NYSE:STAG opened at $37.59 on Monday. Stag Industrial has a 12-month low of $34.40 and a 12-month high of $42.61. The firm has a fifty day moving average of $38.12 and a two-hundred day moving average of $38.13. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $7.25 billion, a P/E ratio of 28.92 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 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.37). Stag Industrial had a return on equity of 6.79% and a net margin of 28.04%.The business had revenue of $224.37 million for the quarter, compared to analyst estimates of $223.04 million. During the same period in the previous year, the company earned $0.63 earnings per share. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities analysts expect that Stag Industrial will post 2.63 EPS for the current fiscal year.

Stag Industrial Announces Dividend

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

Institutional Investors Weigh In On Stag Industrial

Several hedge funds and other institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its stake in Stag Industrial by 22.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,583 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 285 shares during the period. Nissay Asset Management Corp Japan increased its stake in shares of Stag Industrial by 1.0% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 29,952 shares of the real estate investment trust’s stock worth $1,140,000 after purchasing an additional 302 shares during the last quarter. Community Bank N.A. raised its holdings in shares of Stag Industrial by 55.9% in the 2nd quarter. Community Bank N.A. now owns 951 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 341 shares during the period. First National Trust Co lifted its stake in Stag Industrial by 1.7% in the 4th quarter. First National Trust Co now owns 23,166 shares of the real estate investment trust’s stock valued at $852,000 after purchasing an additional 388 shares during the last quarter. Finally, Root Financial Partners LLC lifted its position in shares of Stag Industrial by 32.9% in the fourth quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 397 shares during the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

Stag Industrial Company Profile

STAG Industrial, Inc is a real estate investment trust (REIT) that owns, operates and acquires industrial properties across the United States. The company primarily focuses on single-tenant facilities, including warehouses, distribution centers, manufacturing buildings and flex industrial properties.

STAG seeks to build a diversified portfolio by investing in properties used by businesses across a range of industries and serving multiple markets. Its properties support activities such as logistics, e-commerce fulfillment, manufacturing and product distribution.

Founded in 2010 and headquartered in Boston, Massachusetts, STAG Industrial became a publicly traded company in 2011.