Stag Industrial (NYSE:STAG) Hits New 1-Year High – Time to Buy?

Stag Industrial, Inc. (NYSE:STAG)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $39.59 and last traded at $39.53, with a volume of 240957 shares traded. The stock had previously closed at $38.93.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on STAG shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Stag Industrial in a research note on Wednesday, November 19th. Robert W. Baird increased their price target on shares of Stag Industrial from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Evercore ISI boosted their price objective on shares of Stag Industrial from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Royal Bank Of Canada upped their price objective on shares of Stag Industrial from $38.00 to $42.00 and gave the company a “sector perform” rating in a research note on Thursday, November 6th. Finally, Cantor Fitzgerald began coverage on Stag Industrial in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $37.00 target price on the stock. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $38.89.

Stag Industrial Trading Up 1.6%

The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.86. The company has a market cap of $7.39 billion, a PE ratio of 30.43 and a beta of 0.95. The stock has a 50 day moving average price of $37.31 and a 200 day moving average price of $36.35.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.02. Stag Industrial had a net margin of 29.24% and a return on equity of 6.82%. The company had revenue of $211.12 million during the quarter, compared to analyst estimates of $210.26 million. During the same period last year, the business earned $0.60 EPS. Stag Industrial’s quarterly revenue was up 10.7% compared to the same quarter last year. Sell-side analysts predict that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.1242 per share. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Wednesday, December 31st. Stag Industrial’s dividend payout ratio (DPR) is presently 114.62%.

Insider Transactions at Stag Industrial

In related news, 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 sale, the director owned 38,666 shares in the company, valued at $1,361,043.20. This represents a 4.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Benjamin S. Butcher sold 25,000 shares of Stag Industrial stock in a transaction on Friday, September 5th. The shares were sold at an average price of $36.91, for a total value of $922,750.00. Following the transaction, the director owned 7,562 shares of the company’s stock, valued at $279,113.42. The trade was a 76.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 40,148 shares of company stock valued at $1,502,621 in the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Stag Industrial

A number of hedge funds have recently bought and sold shares of STAG. Private Trust Co. NA grew its position in Stag Industrial by 2,183.9% during the 2nd quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 677 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of Stag Industrial during the third quarter valued at approximately $27,000. Chung Wu Investment Group LLC bought a new stake in shares of Stag Industrial during the second quarter valued at approximately $29,000. Avalon Trust Co bought a new stake in shares of Stag Industrial during the first quarter valued at approximately $36,000. Finally, Keystone Global Partners LLC purchased a new position in Stag Industrial in the 1st quarter worth approximately $41,000. Institutional investors own 88.67% of the company’s stock.

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.