Stag Industrial Inc (NYSE:STAG) Given Average Rating of “Hold” by Brokerages

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Stag Industrial Inc (NYSE:STAG) has received an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $31.33.

Separately, Zacks Investment Research raised shares of Stag Industrial from a “sell” rating to a “hold” rating in a research report on Friday, October 4th.

STAG traded up $0.21 on Thursday, hitting $31.29. 476,433 shares of the stock were exchanged, compared to its average volume of 960,472. Stag Industrial has a 12 month low of $23.24 and a 12 month high of $31.66. The business has a 50-day moving average of $30.42 and a two-hundred day moving average of $29.96. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 4.24 and a beta of 0.86.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.39). Stag Industrial had a return on equity of 4.35% and a net margin of 19.96%. The firm had revenue of $102.42 million for the quarter, compared to the consensus estimate of $100.78 million. During the same period in the prior year, the company earned $0.45 EPS. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. Equities research analysts expect that Stag Industrial will post 1.82 earnings per share for the current fiscal year.

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.119 per share. The ex-dividend date was Wednesday, October 30th. This represents a $1.43 annualized dividend and a yield of 4.56%. Stag Industrial’s dividend payout ratio is 79.89%.

In related news, EVP Jeffrey M. Sullivan sold 35,815 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $29.37, for a total transaction of $1,051,886.55. Following the completion of the sale, the executive vice president now owns 35,815 shares of the company’s stock, valued at $1,051,886.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.50% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Quest Capital Management Inc. ADV bought a new position in shares of Stag Industrial in the third quarter worth about $25,000. CWM LLC bought a new position in shares of Stag Industrial in the third quarter worth about $31,000. Rehmann Capital Advisory Group lifted its holdings in shares of Stag Industrial by 3,005.6% in the second quarter. Rehmann Capital Advisory Group now owns 1,118 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 1,082 shares during the last quarter. Marshall Wace North America L.P. bought a new position in shares of Stag Industrial in the first quarter worth about $36,000. Finally, Lindbrook Capital LLC lifted its holdings in shares of Stag Industrial by 90.8% in the second quarter. Lindbrook Capital LLC now owns 1,891 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 900 shares during the last quarter. 87.22% of the stock is owned by hedge funds and other institutional investors.

About Stag Industrial

STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition, ownership, and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (?REIT?) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.

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