Stag Industrial (NYSE:STAG) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Stag Industrial (NYSE:STAG) from a sell rating to a hold rating in a research note published on Saturday morning.

Several other analysts also recently weighed in on the stock. Industrial Alliance Securities set a $37.00 target price on shares of Stag Industrial in a research report on Wednesday, October 1st. Wells Fargo & Company lifted their price objective on shares of Stag Industrial from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Monday, November 10th. Citigroup upped their target price on Stag Industrial from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. 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 for the company. Finally, Robert W. Baird raised their price objective on Stag Industrial from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Stag Industrial presently has an average rating of “Hold” and a consensus target price of $38.89.

Stag Industrial Stock Down 0.3%

Shares of STAG stock opened at $38.75 on Friday. The stock’s fifty day moving average price is $38.03 and its 200 day moving average price is $36.57. Stag Industrial has a 1-year low of $28.61 and a 1-year high of $39.73. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 29.81 and a beta of 1.06. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.06 and a quick ratio of 1.06.

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 return on equity of 6.84% and a net margin of 29.24%.The company had revenue of $211.12 million during the quarter, compared to analysts’ expectations of $210.26 million. During the same period last year, the business posted $0.60 earnings per share. The firm’s revenue was up 10.7% compared to the same quarter last year. On average, research analysts expect that Stag Industrial will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Announces Dividend

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 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 dividend yield of 3.8%. Stag Industrial’s dividend payout ratio (DPR) is 114.62%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of STAG. Norges Bank acquired a new stake in Stag Industrial in the 2nd quarter worth about $282,893,000. Nuveen LLC purchased a new stake in shares of Stag Industrial during the first quarter worth approximately $129,972,000. Cbre Investment Management Listed Real Assets LLC raised its stake in Stag Industrial by 82.3% in the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,533,588 shares of the real estate investment trust’s stock valued at $128,199,000 after purchasing an additional 1,595,238 shares during the last quarter. Balyasny Asset Management L.P. raised its stake in Stag Industrial by 1,818.4% in the 3rd quarter. Balyasny Asset Management L.P. now owns 570,931 shares of the real estate investment trust’s stock valued at $20,148,000 after purchasing an additional 541,170 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Stag Industrial by 37.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust’s stock valued at $60,391,000 after purchasing an additional 451,355 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.