Stag Industrial, Inc. (NYSE:STAG) Receives Average Recommendation of “Hold” from Brokerages

Stag Industrial, Inc. (NYSE:STAG) has been given a consensus recommendation of “Hold” by the nine research firms that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $38.8889.

A number of brokerages have weighed in on STAG. Weiss Ratings restated a “buy (b-)” rating on shares of Stag Industrial in a research note on Monday, December 8th. Cantor Fitzgerald initiated coverage on shares of Stag Industrial in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $37.00 price objective on the stock. Citigroup lifted their target price on shares of Stag Industrial from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Evercore ISI boosted their price target on shares of Stag Industrial from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Finally, Wells Fargo & Company raised their price objective on shares of Stag Industrial from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Monday, November 10th.

Stag Industrial Stock Performance

Stag Industrial stock opened at $37.50 on Friday. Stag Industrial has a 1-year low of $28.61 and a 1-year high of $39.73. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $7.00 billion, a PE ratio of 28.84 and a beta of 1.06. The firm’s 50 day simple moving average is $38.35 and its 200 day simple moving average is $36.74.

Stag Industrial (NYSE:STAG) last released its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. Stag Industrial had a net margin of 29.24% and a return on equity of 6.84%. The firm had revenue of $211.12 million during the quarter, compared to analyst estimates of $210.26 million. During the same period in the previous year, the business earned $0.60 EPS. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, analysts expect that Stag Industrial will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.1242 per share. The ex-dividend date is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 4.0%. Stag Industrial’s dividend payout ratio (DPR) is presently 114.62%.

Insider Activity

In related news, EVP Michael Chase sold 13,144 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $38.75, for a total value of $509,330.00. Following the completion of the sale, the executive vice president owned 9,422 shares in the company, valued at $365,102.50. The trade was a 58.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Larry T. Guillemette sold 2,004 shares of the company’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $35.20, for a total value of $70,540.80. Following the completion of the sale, the director directly owned 38,666 shares of the company’s stock, valued at approximately $1,361,043.20. This represents a 4.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Stag Industrial

A number of hedge funds have recently made changes to their positions in the business. Private Trust Co. NA lifted its stake in Stag Industrial by 2,183.9% in the second quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 677 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of Stag Industrial in the third quarter worth about $27,000. Chung Wu Investment Group LLC bought a new stake in shares of Stag Industrial in the 2nd quarter valued at about $29,000. Keystone Global Partners LLC bought a new position in Stag Industrial during the 1st quarter worth approximately $41,000. Finally, Root Financial Partners LLC bought a new position in shares of Stag Industrial in the third quarter worth approximately $43,000. 88.67% of the stock is currently owned by institutional investors.

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.