Stag Industrial, Inc. (NYSE:STAG) Stock Has Consensus Target Price of $41.11 According to Analysts

Shares of Stag Industrial, Inc. (NYSE:STAG) have been assigned an average recommendation of “Hold” from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $41.11.

A number of equities analysts have commented on the stock. Robert W. Baird raised shares of Stag Industrial from a “neutral” rating to an “outperform” rating and set a $42.00 price objective for the company in a research note on Monday, August 31st. Barclays boosted their target price on shares of Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, July 16th. Weiss Ratings cut shares of Stag Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, September 25th. Wells Fargo & Company decreased their target price on shares of Stag Industrial from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 1st. Finally, Raymond James Financial initiated coverage on shares of Stag Industrial in a report on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 price target for the company.

Hedge Funds Weigh In On Stag Industrial

Several large investors have recently modified their holdings of STAG. Readystate Asset Management LP purchased a new position in Stag Industrial during the second quarter worth $2,602,000. Oppenheimer Asset Management Inc. bought a new position in Stag Industrial during the second quarter valued at $3,693,000. Squarepoint Ops LLC increased its position in Stag Industrial by 107.7% during the second quarter. Squarepoint Ops LLC now owns 84,332 shares of the real estate investment trust’s stock valued at $3,210,000 after acquiring an additional 43,733 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Stag Industrial in the first quarter valued at $3,444,000. Finally, Man Group plc purchased a new stake in shares of Stag Industrial in the second quarter valued at $5,772,000. Institutional investors own 88.67% of the company’s stock.

Stag Industrial Trading Down 0.2%

STAG stock opened at $36.40 on Friday. The firm has a fifty day moving average price of $36.88 and a 200 day moving average price of $37.94. Stag Industrial has a fifty-two week low of $35.14 and a fifty-two week high of $42.61. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a market cap of $7.02 billion, a PE ratio of 28.00 and a beta of 0.95.

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

Stag Industrial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $0.3875 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.3%. Stag Industrial’s payout ratio is 119.23%.

About Stag Industrial

STAG Industrial, Inc (NYSE: STAG) is a real estate investment trust (REIT) that owns, operates and acquires industrial properties across the United States. The company focuses primarily on single-tenant properties, with a portfolio designed to serve businesses involved in manufacturing, logistics, distribution and warehousing.

STAG Industrial seeks to generate rental income through long-term leases with tenants operating in a range of industries. Its properties are generally located in established industrial markets and are supported by demand for distribution and logistics facilities, including those serving e-commerce and supply-chain operations.

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