Stag Industrial, Inc. (NYSE:STAG) Receives $40.70 Consensus Price Target from Analysts

Stag Industrial, Inc. (NYSE:STAG) has earned an average rating of “Hold” from the ten research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $40.70.

Several brokerages have recently issued reports on STAG. Evercore reiterated an “outperform” rating on shares of Stag Industrial in a report on Monday. Wall Street Zen raised Stag Industrial from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. Weiss Ratings restated a “buy (b-)” rating on shares of Stag Industrial in a research report on Friday, July 31st. Raymond James Financial assumed coverage on Stag Industrial in a research report on Wednesday, June 17th. They set an “outperform” rating and a $44.00 price objective on the stock. Finally, Robert W. Baird raised Stag Industrial from a “neutral” rating to an “outperform” rating and set a $42.00 target price for the company in a report on Monday, August 31st.

Stag Industrial Trading Down 0.1%

Shares of Stag Industrial stock opened at $37.12 on Monday. The firm has a market capitalization of $7.16 billion, a PE ratio of 28.55 and a beta of 0.95. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.93. The firm’s 50 day moving average is $38.18 and its 200 day moving average is $38.15. Stag Industrial has a 1 year low of $34.40 and a 1 year high of $42.61.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.37). Stag Industrial had a net margin of 28.04% and a return on equity of 6.79%. The company had revenue of $224.37 million during the quarter, compared to the consensus estimate of $223.04 million. During the same period in the previous year, the company earned $0.63 EPS. Stag Industrial’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities research analysts forecast that Stag Industrial will post 2.63 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Wednesday, September 30th. Stag Industrial’s payout ratio is 119.23%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in STAG. Clearstead Advisors LLC boosted its position in Stag Industrial by 193.6% during the 4th quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 482 shares during the period. Ancora Advisors LLC acquired a new position in Stag Industrial in the 2nd quarter valued at approximately $28,000. Community Bank N.A. increased its position in Stag Industrial by 55.9% in the 2nd quarter. Community Bank N.A. now owns 951 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 341 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in Stag Industrial in the 2nd quarter valued at approximately $46,000. Finally, International Assets Investment Management LLC bought a new position in shares of Stag Industrial during the fourth quarter valued at $51,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

About Stag Industrial

STAG Industrial, Inc is a real estate investment trust (REIT) that owns, operates and acquires industrial properties across the United States. The company primarily focuses on single-tenant facilities, including warehouses, distribution centers, manufacturing buildings and flex industrial properties.

STAG seeks to build a diversified portfolio by investing in properties used by businesses across a range of industries and serving multiple markets. Its properties support activities such as logistics, e-commerce fulfillment, manufacturing and product distribution.

Founded in 2010 and headquartered in Boston, Massachusetts, STAG Industrial became a publicly traded company in 2011.