Analysts Set STAG Industrial, Inc. (NYSE:STAG) Target Price at $34.56

STAG Industrial, Inc. (NYSE:STAG) has been assigned a consensus recommendation of “Hold” from the ten brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $34.38.

A number of analysts have recently commented on STAG shares. Zacks Investment Research cut shares of STAG Industrial from a “buy” rating to a “hold” rating in a report on Thursday, May 6th. Raymond James upped their price target on shares of STAG Industrial from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday.

A number of institutional investors and hedge funds have recently bought and sold shares of STAG. International Assets Investment Management LLC bought a new position in STAG Industrial during the 4th quarter valued at about $26,000. Retirement Group LLC purchased a new stake in shares of STAG Industrial during the 4th quarter valued at about $27,000. Planned Solutions Inc. increased its position in shares of STAG Industrial by 111.1% during the 4th quarter. Planned Solutions Inc. now owns 950 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 500 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of STAG Industrial during the 1st quarter valued at about $36,000. Finally, Phoenix Wealth Advisors purchased a new stake in shares of STAG Industrial during the 4th quarter valued at about $63,000. Institutional investors and hedge funds own 91.06% of the company’s stock.

STAG Industrial stock traded down $0.99 during mid-day trading on Wednesday, reaching $34.51. 29,406 shares of the company traded hands, compared to its average volume of 1,054,448. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.83 and a quick ratio of 1.83. The firm’s 50 day moving average price is $35.30 and its 200 day moving average price is $32.27. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 43.83, a P/E/G ratio of 5.44 and a beta of 0.92. STAG Industrial has a 52-week low of $22.18 and a 52-week high of $37.16.

STAG Industrial (NYSE:STAG) last announced its earnings results on Tuesday, May 4th. The real estate investment trust reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.35). STAG Industrial had a net margin of 26.59% and a return on equity of 5.32%. The business had revenue of $134.00 million for the quarter, compared to the consensus estimate of $130.82 million. During the same quarter last year, the firm posted $0.47 EPS. The business’s quarterly revenue was up 13.1% on a year-over-year basis. On average, sell-side analysts anticipate that STAG Industrial will post 1.87 EPS for the current year.

The business also recently announced a monthly dividend, which will be paid on Thursday, July 15th. Shareholders of record on Wednesday, June 30th will be paid a dividend of $0.1208 per share. This represents a $1.45 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend is Tuesday, June 29th. STAG Industrial’s dividend payout ratio is currently 78.80%.

About STAG Industrial

STAG Industrial, Inc (NYSE: STAG) is a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. By targeting this type of property, STAG has developed an investment strategy that helps investors find a powerful balance of income plus growth.

Featured Article: Strangles

Analyst Recommendations for STAG Industrial (NYSE:STAG)

Receive News & Ratings for STAG Industrial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STAG Industrial and related companies with's FREE daily email newsletter.