Brokerages Set Stag Industrial, Inc. (NYSE:STAG) Price Target at $40.40

Stag Industrial, Inc. (NYSE:STAG) has been assigned an average rating of “Hold” from the ten ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $40.40.

Several analysts have recently weighed in on STAG shares. Wells Fargo & Company reduced their target price on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. Barclays dropped their price target on Stag Industrial from $39.00 to $38.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 5th. Weiss Ratings lowered shares of Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Raymond James Financial assumed coverage on shares of Stag Industrial in a research report on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 price target for the company. Finally, Evercore reiterated an “outperform” rating and set a $44.00 price target on shares of Stag Industrial in a research note on Wednesday, April 29th.

Institutional Trading of Stag Industrial

A number of hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Stag Industrial in the 4th quarter valued at approximately $295,644,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Stag Industrial by 434,005.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,098,286 shares of the real estate investment trust’s stock worth $40,373,000 after buying an additional 1,098,033 shares in the last quarter. Heitman Real Estate Securities LLC acquired a new stake in shares of Stag Industrial in the 4th quarter valued at approximately $33,558,000. Mackenzie Financial Corp acquired a new stake in shares of Stag Industrial in the 4th quarter valued at approximately $25,459,000. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of Stag Industrial by 1,818.4% in the 3rd quarter. Balyasny Asset Management L.P. now owns 570,931 shares of the real estate investment trust’s stock valued at $20,148,000 after buying an additional 541,170 shares during the period. 88.67% of the stock is owned by institutional investors and hedge funds.

Stag Industrial Trading Up 0.0%

NYSE STAG opened at $39.11 on Wednesday. The firm’s fifty day moving average price is $38.27 and its 200 day moving average price is $38.01. Stag Industrial has a 12 month low of $33.72 and a 12 month high of $39.99. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market capitalization of $7.48 billion, a price-to-earnings ratio of 30.32 and a beta of 0.97.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.09. The firm had revenue of $224.21 million during the quarter, compared to analysts’ expectations of $221.51 million. Stag Industrial had a net margin of 28.25% and a return on equity of 6.80%. Stag Industrial’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 earnings per share. On average, sell-side analysts expect that Stag Industrial will post 2.64 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.3875 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.55 annualized dividend and a dividend yield of 4.0%. Stag Industrial’s dividend payout ratio is 120.16%.

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.