Brokerages Set Stag Industrial, Inc. (NYSE:STAG) PT at $39.78

Stag Industrial, Inc. (NYSE:STAG) has earned an average rating of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $39.7778.

Several brokerages have recently weighed in on STAG. Robert W. Baird set a $40.00 price objective on Stag Industrial in a report on Tuesday, February 17th. JPMorgan Chase & Co. lifted their price objective on Stag Industrial from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Evercore restated an “outperform” rating and issued a $44.00 price objective on shares of Stag Industrial in a research note on Wednesday, April 29th. Wall Street Zen upgraded shares of Stag Industrial from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Barclays dropped their price objective on shares of Stag Industrial from $39.00 to $38.00 and set an “underweight” rating for the company in a research note on Tuesday, May 5th.

Stag Industrial Trading Up 1.1%

Shares of Stag Industrial stock opened at $38.20 on Tuesday. The company’s fifty day simple moving average is $37.97 and its 200-day simple moving average is $38.12. The company has a market cap of $7.30 billion, a price-to-earnings ratio of 29.61 and a beta of 1.00. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.87. Stag Industrial has a 1 year low of $33.72 and a 1 year high of $39.99.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.09. Stag Industrial had a net margin of 28.25% and a return on equity of 6.80%. The business had revenue of $224.21 million during the quarter, compared to analyst estimates of $221.52 million. During the same quarter in the prior year, the business earned $0.61 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, sell-side analysts expect that Stag Industrial will post 2.63 EPS for the current year.

Stag Industrial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.3875 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.1%. Stag Industrial’s dividend payout ratio (DPR) is currently 120.16%.

Insider Transactions at Stag Industrial

In other Stag Industrial news, CEO William R. Crooker sold 93,732 shares of the stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $39.17, for a total value of $3,671,482.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Matts Pinard sold 25,242 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $39.18, for a total value of $988,981.56. Following the completion of the transaction, the executive vice president directly owned 951 shares in the company, valued at $37,260.18. The trade was a 96.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 136,974 shares of company stock worth $5,345,904 over the last 90 days. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Stag Industrial in the 4th quarter valued at about $295,644,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Stag Industrial by 434,005.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,098,286 shares of the real estate investment trust’s stock worth $40,373,000 after acquiring an additional 1,098,033 shares during the last quarter. Heitman Real Estate Securities LLC acquired a new stake in Stag Industrial in the 4th quarter valued at $33,558,000. Mackenzie Financial Corp acquired a new stake in Stag Industrial in the 4th quarter valued at $25,459,000. Finally, Balyasny Asset Management L.P. increased its stake in Stag Industrial by 1,818.4% in the 3rd quarter. Balyasny Asset Management L.P. now owns 570,931 shares of the real estate investment trust’s stock valued at $20,148,000 after buying an additional 541,170 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Stag Industrial Company Profile

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.