Brokerages Set Stag Industrial, Inc. (NYSE:STAG) Price Target at $39.78

Stag Industrial, Inc. (NYSE:STAG) has been assigned an average rating of “Hold” from the nine research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $39.7778.

A number of brokerages have recently commented on STAG. Weiss Ratings cut Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. upped their price target on Stag Industrial from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. Wall Street Zen raised Stag Industrial from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. 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 report on Tuesday, May 5th. Finally, Evercore reaffirmed an “outperform” rating and set a $44.00 price target on shares of Stag Industrial in a research report on Wednesday, April 29th.

Stag Industrial Stock Down 0.7%

STAG stock opened at $37.76 on Tuesday. The stock’s fifty day simple moving average is $37.99 and its two-hundred day simple moving average is $38.12. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.87. Stag Industrial has a 1-year low of $33.72 and a 1-year high of $39.99. The stock has a market cap of $7.22 billion, a P/E ratio of 29.27 and a beta of 1.00.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.09. Stag Industrial had a return on equity of 6.80% and a net margin of 28.25%.The firm had revenue of $224.21 million for the quarter, compared to analysts’ expectations of $221.52 million. During the same quarter in the prior year, the firm earned $0.61 EPS. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. Analysts expect that Stag Industrial will post 2.63 EPS for the current year.

Stag Industrial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.3875 per share. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Stag Industrial’s dividend payout ratio is currently 120.16%.

Insider Activity

In related news, EVP Matts Pinard sold 25,242 shares of the stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $39.18, for a total transaction of $988,981.56. Following the sale, the executive vice president owned 951 shares of the company’s stock, valued at approximately $37,260.18. This represents a 96.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William R. Crooker sold 93,732 shares of the stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $39.17, for a total value of $3,671,482.44. The disclosure for this sale is available in the SEC filing. Insiders have sold 136,974 shares of company stock valued at $5,345,904 in the last 90 days. Insiders own 1.10% of the company’s stock.

Institutional Trading of Stag Industrial

A number of institutional investors have recently added to or reduced their stakes in the stock. Quantinno Capital Management LP lifted its holdings in Stag Industrial by 6.8% during the 1st quarter. Quantinno Capital Management LP now owns 95,736 shares of the real estate investment trust’s stock worth $3,452,000 after purchasing an additional 6,062 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in Stag Industrial by 13.0% during the 1st quarter. Lazard Asset Management LLC now owns 38,262 shares of the real estate investment trust’s stock worth $1,380,000 after purchasing an additional 4,416 shares in the last quarter. Dean Capital Management lifted its holdings in Stag Industrial by 14.9% during the 1st quarter. Dean Capital Management now owns 55,563 shares of the real estate investment trust’s stock worth $2,004,000 after purchasing an additional 7,202 shares in the last quarter. Waverly Advisors LLC lifted its holdings in Stag Industrial by 0.8% during the 1st quarter. Waverly Advisors LLC now owns 137,837 shares of the real estate investment trust’s stock worth $4,970,000 after purchasing an additional 1,067 shares in the last quarter. Finally, Entropy Technologies LP purchased a new stake in Stag Industrial during the 1st quarter worth about $331,000. Hedge funds and other institutional investors own 88.67% of the company’s stock.

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.