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

Shares of Stag Industrial, Inc. (NYSE:STAG) have received a consensus rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $39.71.

Several analysts have recently commented on the stock. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $38.00 target price on shares of Stag Industrial in a report on Monday, May 19th. Robert W. Baird reduced their price target on shares of Stag Industrial from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Wednesday, May 7th. Finally, Raymond James Financial increased their price target on shares of Stag Industrial from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th.

Stag Industrial Stock Down 1.4%

Shares of NYSE STAG opened at $35.58 on Wednesday. The company has a market capitalization of $6.64 billion, a P/E ratio of 26.75 and a beta of 0.93. Stag Industrial has a 52-week low of $28.61 and a 52-week high of $41.63. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.25 and a current ratio of 1.25. The company’s 50 day moving average price is $35.85 and its 200-day moving average price is $34.77.

Stag Industrial (NYSE:STAG) last released its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. Stag Industrial had a net margin of 31.05% and a return on equity of 7.04%. The firm had revenue of $205.57 million for the quarter, compared to the consensus estimate of $202.04 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. The business’s revenue was up 9.7% on a year-over-year basis. Equities analysts forecast that Stag Industrial will post 2.47 earnings per share for the current year.

Stag Industrial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.1242 per share. This represents a $1.49 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend is Tuesday, September 30th. Stag Industrial’s dividend payout ratio (DPR) is presently 112.03%.

Insider Buying and Selling at Stag Industrial

In other news, Director Benjamin S. Butcher sold 28,843 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $36.90, for a total value of $1,064,306.70. Following the completion of the sale, the director directly owned 7,115 shares in the company, valued at approximately $262,543.50. The trade was a 80.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Teacher Retirement System of Texas grew its position in shares of Stag Industrial by 55.3% in the 1st quarter. Teacher Retirement System of Texas now owns 39,735 shares of the real estate investment trust’s stock worth $1,435,000 after buying an additional 14,155 shares during the period. Principal Financial Group Inc. boosted its stake in Stag Industrial by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 429,045 shares of the real estate investment trust’s stock worth $15,497,000 after purchasing an additional 11,408 shares in the last quarter. Swiss National Bank boosted its stake in Stag Industrial by 0.8% in the 4th quarter. Swiss National Bank now owns 358,200 shares of the real estate investment trust’s stock worth $12,114,000 after purchasing an additional 2,800 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Stag Industrial by 4.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 12,711 shares of the real estate investment trust’s stock worth $459,000 after purchasing an additional 571 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Stag Industrial in the 4th quarter worth about $1,276,000. 88.67% of the stock is owned by hedge funds and other 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.