Stag Industrial Inc (NYSE:STAG) has earned an average rating of “Buy” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $30.63.
STAG has been the topic of several analyst reports. Zacks Investment Research upgraded Icon from a “hold” rating to a “buy” rating and set a $157.00 price objective on the stock in a report on Thursday, May 30th. DA Davidson raised their price objective on Stag Industrial to $32.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. ValuEngine cut Universal Electronics from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 6th. Finally, Berenberg Bank set a €126.00 ($146.51) price objective on Nemetschek and gave the stock a “neutral” rating in a report on Tuesday, April 23rd.
NYSE:STAG traded down $0.24 during trading hours on Friday, reaching $30.51. 19,686 shares of the company traded hands, compared to its average volume of 1,179,207. The firm’s 50-day simple moving average is $30.52. The stock has a market capitalization of $3.88 billion, a PE ratio of 17.10, a P/E/G ratio of 3.62 and a beta of 0.93. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.28 and a current ratio of 1.28. Stag Industrial has a 1-year low of $23.24 and a 1-year high of $31.66.
Stag Industrial (NYSE:STAG) last posted its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.39). Stag Industrial had a return on equity of 4.63% and a net margin of 19.44%. The business had revenue of $95.70 million for the quarter, compared to analyst estimates of $95.19 million. During the same quarter last year, the business earned $0.43 EPS. Stag Industrial’s revenue for the quarter was up 14.9% compared to the same quarter last year. As a group, sell-side analysts predict that Stag Industrial will post 1.82 EPS for the current year.
The company also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be given a $0.119 dividend. This is a positive change from Stag Industrial’s previous monthly dividend of $0.12. This represents a $1.43 annualized dividend and a dividend yield of 4.68%. The ex-dividend date is Tuesday, July 30th. Stag Industrial’s dividend payout ratio (DPR) is 79.89%.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Canton Hathaway LLC raised its position in shares of Stag Industrial by 7.0% in the 2nd quarter. Canton Hathaway LLC now owns 5,458 shares of the real estate investment trust’s stock worth $165,000 after buying an additional 358 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Stag Industrial by 45.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,365 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 426 shares during the period. US Bancorp DE raised its position in shares of Stag Industrial by 1.6% in the 1st quarter. US Bancorp DE now owns 31,676 shares of the real estate investment trust’s stock worth $940,000 after buying an additional 492 shares during the period. Fort Washington Investment Advisors Inc. OH raised its position in shares of Stag Industrial by 1.5% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 40,500 shares of the real estate investment trust’s stock worth $1,201,000 after buying an additional 600 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Stag Industrial by 2.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,130 shares of the real estate investment trust’s stock worth $834,000 after buying an additional 619 shares during the period. 81.06% of the stock is currently owned by institutional investors and hedge funds.
About Stag Industrial
STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition, ownership, and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (?REIT?) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.
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