Stag Industrial (NYSE:STAG) Sets New 52-Week High – Time to Buy?

Shares of Stag Industrial, Inc. (NYSE:STAG) reached a new 52-week high during trading on Wednesday . The stock traded as high as $40.23 and last traded at $39.99, with a volume of 213330 shares trading hands. The stock had previously closed at $39.34.

Analyst Ratings Changes

Several brokerages recently issued reports on STAG. Raymond James Financial initiated coverage on shares of Stag Industrial in a report on Wednesday, June 17th. They set an “outperform” rating and a $44.00 target price for the company. Weiss Ratings lowered shares of Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Barclays increased their price target on Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday. Evercore reiterated an “outperform” rating and set a $44.00 price objective on shares of Stag Industrial in a research note on Wednesday, April 29th. Finally, Wells Fargo & Company reduced their price objective on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, June 1st. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $40.70.

Stag Industrial Stock Up 5.3%

The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market cap of $8.04 billion, a price-to-earnings ratio of 32.58 and a beta of 0.97. The business’s 50 day moving average price is $38.39 and its 200 day moving average price is $38.13.

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

Stag Industrial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.3875 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.55 dividend on an annualized basis and a yield of 3.7%. Stag Industrial’s payout ratio is presently 120.16%.

Institutional Investors Weigh In On Stag Industrial

Hedge funds have recently modified their holdings of the company. Clearstead Advisors LLC grew its position in shares of Stag Industrial by 193.6% during the 4th quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 482 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in Stag Industrial during the third quarter worth approximately $27,000. International Assets Investment Management LLC acquired a new stake in Stag Industrial in the fourth quarter valued at approximately $51,000. EverSource Wealth Advisors LLC grew its holdings in Stag Industrial by 270.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 1,048 shares during the period. Finally, Root Financial Partners LLC increased its position in shares of Stag Industrial by 32.9% in the fourth quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 397 shares in the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

About Stag Industrial

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.