Stag Industrial (NYSE:STAG) Hits New 52-Week High – Should You Buy?

Stag Industrial, Inc. (NYSE:STAG)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $39.73 and last traded at $39.4220, with a volume of 1542413 shares changing hands. The stock had previously closed at $39.10.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on STAG. Evercore ISI increased their price objective on shares of Stag Industrial from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Barclays reissued an “underweight” rating and set a $39.00 price target (down from $40.00) on shares of Stag Industrial in a report on Tuesday, January 13th. Robert W. Baird boosted their price objective on Stag Industrial from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Wall Street Zen cut Stag Industrial from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. Finally, Wells Fargo & Company upped their price target on Stag Industrial from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Monday, November 10th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $39.33.

Stag Industrial Price Performance

The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a fifty day simple moving average of $37.69 and a two-hundred day simple moving average of $37.01. The firm has a market cap of $7.36 billion, a PE ratio of 30.32 and a beta of 1.06.

Stag Industrial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.3875 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.55 dividend on an annualized basis and a yield of 3.9%. Stag Industrial’s dividend payout ratio is presently 114.62%.

Institutional Trading of Stag Industrial

Large investors have recently made changes to their positions in the business. Private Trust Co. NA lifted its holdings in shares of Stag Industrial by 2,183.9% in the 2nd quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 677 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in Stag Industrial during the third quarter valued at approximately $27,000. Root Financial Partners LLC bought a new stake in shares of Stag Industrial in the 3rd quarter valued at approximately $43,000. International Assets Investment Management LLC bought a new stake in shares of Stag Industrial in the 4th quarter valued at approximately $51,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Stag Industrial by 270.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 1,048 shares during the period. 88.67% of the stock is currently owned by institutional investors.

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.