Stag Industrial, Inc. (NYSE:STAG) Stock Has Consensus Target Price of $41.20 According to Brokerages

Shares of Stag Industrial, Inc. (NYSE:STAG) have received a consensus rating of “Hold” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $41.20.

A number of research firms recently weighed in on STAG. Evercore reaffirmed an “outperform” rating on shares of Stag Industrial in a research report on Monday, September 14th. Robert W. Baird raised shares of Stag Industrial from a “neutral” rating to an “outperform” rating and set a $42.00 price target on the stock in a research report on Monday, August 31st. Barclays increased their price objective on shares of Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a research note on Thursday, July 16th. Wells Fargo & Company decreased their price objective on Stag Industrial from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Tuesday, September 1st. Finally, Wall Street Zen raised Stag Industrial from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th.

Stag Industrial Stock Down 2.4%

Shares of Stag Industrial stock opened at $36.92 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.91. Stag Industrial has a 12 month low of $35.14 and a 12 month high of $42.61. The business has a fifty day simple moving average of $36.76 and a 200 day simple moving average of $37.87. The stock has a market cap of $7.12 billion, a PE ratio of 26.19 and a beta of 0.91.

Stag Industrial (NYSE:STAG) last issued its earnings results on Tuesday, October 27th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.29). Stag Industrial had a net margin of 29.88% and a return on equity of 7.28%. The firm had revenue of $231.05 million during the quarter, compared to the consensus estimate of $227.16 million. During the same period in the previous year, the company posted $0.65 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. Research analysts predict that Stag Industrial will post 2.64 EPS for the current year.

Stag Industrial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be given a dividend of $0.3875 per share. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $1.55 annualized dividend and a dividend yield of 4.2%. Stag Industrial’s payout ratio is 109.93%.

Institutional Investors Weigh In On Stag Industrial

Large investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of Stag Industrial in the second quarter valued at $1,097,126,000. Bank of New York Mellon Corp bought a new position in shares of Stag Industrial in the second quarter valued at about $58,805,000. Bank of America Corp DE bought a new position in shares of Stag Industrial in the second quarter valued at about $55,184,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Stag Industrial by 574.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,382,316 shares of the real estate investment trust’s stock worth $49,501,000 after buying an additional 1,177,250 shares during the last quarter. Finally, Jupiter Topco LLC acquired a new stake in shares of Stag Industrial during the 2nd quarter worth about $43,461,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

About Stag Industrial

STAG Industrial, Inc is a real estate investment trust (REIT) that owns, operates and acquires industrial properties throughout the United States. The company focuses primarily on single-tenant properties, which it leases to businesses for uses such as warehousing, distribution, manufacturing and logistics.

Its portfolio includes a range of industrial facilities serving tenants across diverse industries and geographic markets. STAG Industrial’s business activities include property acquisition, leasing, management and development, with an emphasis on facilities that support supply-chain and operating requirements.

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