STAG Industrial, Inc. (NYSE:STAG) Given Average Recommendation of “Hold” by Analysts

STAG Industrial, Inc. (NYSE:STAG) has earned a consensus rating of “Hold” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $40.14.

Several analysts have commented on STAG shares. Barclays lowered their target price on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 28th. Royal Bank of Canada dropped their target price on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research note on Monday, January 27th.

Insider Activity at STAG Industrial

In related news, Director Benjamin S. Butcher sold 50,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total value of $1,755,000.00. Following the completion of the transaction, the director now owns 9,632 shares of the company’s stock, valued at approximately $338,083.20. This represents a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Institutional Trading of STAG Industrial

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of STAG Industrial by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust’s stock valued at $133,077,000 after acquiring an additional 21,925 shares during the last quarter. Swiss National Bank increased its stake in STAG Industrial by 0.8% during the fourth quarter. Swiss National Bank now owns 358,200 shares of the real estate investment trust’s stock valued at $12,114,000 after purchasing an additional 2,800 shares during the last quarter. Stifel Financial Corp increased its stake in STAG Industrial by 5.6% during the third quarter. Stifel Financial Corp now owns 52,278 shares of the real estate investment trust’s stock valued at $2,044,000 after purchasing an additional 2,795 shares during the last quarter. Congress Asset Management Co. raised its holdings in shares of STAG Industrial by 10.1% during the fourth quarter. Congress Asset Management Co. now owns 220,929 shares of the real estate investment trust’s stock worth $7,472,000 after purchasing an additional 20,327 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of STAG Industrial in the 4th quarter valued at about $1,276,000. 88.67% of the stock is owned by institutional investors.

STAG Industrial Trading Up 1.6 %

Shares of STAG opened at $31.39 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. STAG Industrial has a 1-year low of $28.61 and a 1-year high of $41.63. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 30.18 and a beta of 0.96. The firm has a 50 day simple moving average of $34.83 and a 200-day simple moving average of $35.54.

STAG Industrial (NYSE:STAG) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. Equities analysts forecast that STAG Industrial will post 2.47 EPS for the current fiscal year.

STAG Industrial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.1242 dividend. This represents a $1.49 annualized dividend and a yield of 4.75%. The ex-dividend date of this dividend is Monday, June 30th. STAG Industrial’s dividend payout ratio (DPR) is presently 143.27%.

STAG Industrial Company Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.