STAG Industrial (NYSE:STAG) Price Target Cut to $36.00 by Analysts at Raymond James

STAG Industrial (NYSE:STAG) had its price target trimmed by Raymond James from $40.00 to $36.00 in a research note released on Monday morning,Benzinga reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

Other analysts have also issued reports about the stock. Royal Bank of Canada decreased their price target on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Monday, January 27th. Barclays decreased their target price on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, STAG Industrial has a consensus rating of “Hold” and a consensus price target of $39.57.

STAG Industrial Trading Up 0.5 %

STAG Industrial stock opened at $32.54 on Monday. The business’s 50-day simple moving average is $34.68 and its 200-day simple moving average is $35.42. STAG Industrial has a 52 week low of $28.61 and a 52 week high of $41.63. The firm has a market capitalization of $6.07 billion, a PE ratio of 31.29 and a beta of 0.96. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36.

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

STAG Industrial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.1242 dividend. This represents a $1.49 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend is Monday, June 30th. STAG Industrial’s dividend payout ratio (DPR) is presently 143.27%.

Insiders Place Their Bets

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the completion of the transaction, the director now directly owns 9,632 shares of the company’s stock, valued at approximately $338,083.20. This trade represents a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On STAG Industrial

Hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc boosted its position in STAG Industrial by 204.9% in the first quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 506 shares in the last quarter. Sugar Maple Asset Management LLC bought a new position in shares of STAG Industrial in the fourth quarter valued at approximately $43,000. Quarry LP acquired a new position in shares of STAG Industrial in the 4th quarter worth approximately $62,000. Hilltop National Bank grew its position in STAG Industrial by 19.2% during the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock worth $76,000 after acquiring an additional 362 shares during the last quarter. Finally, Principal Securities Inc. increased its holdings in STAG Industrial by 20.7% during the 4th quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 510 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

About STAG Industrial

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.