Several other research firms have also issued reports on STAG. DA Davidson raised their price target on Stag Industrial from $25.00 to $26.00 and gave the stock a buy rating in a research report on Friday, August 5th. Royal Bank Of Canada raised their price target on Stag Industrial from $22.00 to $26.00 and gave the stock an outperform rating in a research report on Friday, August 5th. Robert W. Baird restated an outperform rating and issued a $26.00 price target on shares of Stag Industrial in a research report on Friday, August 26th. RBC Capital Markets restated an outperform rating and issued a $26.00 price target (up from $22.00) on shares of Stag Industrial in a research report on Friday, August 5th. Finally, Capital One Financial Corp. lowered Stag Industrial from an overweight rating to an equal weight rating and set a $21.00 price target on the stock. in a research report on Monday, July 18th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $24.32.
Stag Industrial (NYSE:STAG) opened at 23.46 on Thursday. Stag Industrial has a 12 month low of $14.97 and a 12 month high of $25.51. The firm has a 50-day moving average price of $23.82 and a 200 day moving average price of $22.89. The firm’s market capitalization is $1.68 billion.
Stag Industrial (NYSE:STAG) last released its earnings results on Tuesday, August 2nd. The company reported $0.38 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.38. The company earned $60.24 million during the quarter, compared to analysts’ expectations of $54.24 million. Stag Industrial had a negative return on equity of 3.09% and a negative net margin of 9.21%. During the same period last year, the firm earned $0.36 EPS. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. On average, equities analysts forecast that Stag Industrial will post $1.56 EPS for the current year.
The company also recently declared a monthly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st will be issued a $0.1158 dividend. The ex-dividend date of this dividend is Thursday, October 27th. This represents a $1.39 dividend on an annualized basis and a dividend yield of 5.92%. Stag Industrial’s dividend payout ratio (DPR) is -272.55%.
In related news, Director Larry T. Guillemette bought 10,500 shares of the stock in a transaction that occurred on Monday, September 26th. The shares were acquired at an average price of $24.91 per share, with a total value of $261,555.00. Following the completion of the transaction, the director now owns 11,882 shares in the company, valued at $295,980.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Benjamin S. Butcher bought 2,000 shares of the stock in a transaction that occurred on Friday, September 9th. The stock was bought at an average cost of $23.81 per share, for a total transaction of $47,620.00. Following the transaction, the chief executive officer now owns 72,088 shares of the company’s stock, valued at approximately $1,716,415.28. The disclosure for this purchase can be found here. 2.10% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC increased its stake in Stag Industrial by 47.5% in the second quarter. Advisory Services Network LLC now owns 6,294 shares of the company’s stock worth $150,000 after buying an additional 2,027 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Stag Industrial by 110.0% in the third quarter. BNP Paribas Arbitrage SA now owns 6,445 shares of the company’s stock worth $158,000 after buying an additional 3,376 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in Stag Industrial during the second quarter worth about $192,000. ProShare Advisors LLC bought a new stake in Stag Industrial during the second quarter worth about $200,000. Finally, Spirit of America Management Corp NY bought a new stake in Stag Industrial during the second quarter worth about $210,000. 76.99% of the stock is currently owned by institutional investors and hedge funds.
Stag Industrial Company Profile
STAG Industrial, Inc is a real estate investment trust. The Company focuses on the acquisition and operation of single-tenant industrial properties across the United States. The Company owns approximately 290 buildings in over 40 states with approximately 54.7 million rentable square feet, consisting of over 220 warehouse/distribution buildings, approximately 50 light manufacturing buildings and over 20 flex/office buildings.
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