Analysts Set Stag Industrial, Inc. (NYSE:STAG) Target Price at $38.89

Shares of Stag Industrial, Inc. (NYSE:STAG) have been given a consensus rating of “Hold” by the nine analysts that are presently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $38.8889.

A number of equities analysts have recently commented on STAG shares. Robert W. Baird raised their target price on shares of Stag Industrial from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Industrial Alliance Securities set a $37.00 price objective on Stag Industrial in a report on Wednesday, October 1st. Royal Bank Of Canada lifted their target price on Stag Industrial from $38.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday, November 6th. Wells Fargo & Company increased their price target on Stag Industrial from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Monday, November 10th. Finally, Citigroup lifted their price objective on Stag Industrial from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th.

Stag Industrial Stock Down 0.0%

NYSE:STAG opened at $37.92 on Wednesday. The company has a market cap of $7.08 billion, a price-to-earnings ratio of 29.17 and a beta of 1.06. Stag Industrial has a twelve month low of $28.61 and a twelve month high of $39.73. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.89. The stock has a fifty day simple moving average of $38.16 and a 200-day simple moving average of $36.84.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 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 6.84%. The company had revenue of $211.12 million for the quarter, compared to the consensus estimate of $210.26 million. During the same quarter last year, the firm posted $0.60 EPS. The firm’s revenue was up 10.7% compared to the same quarter last year. Analysts anticipate that Stag Industrial will post 2.47 EPS for the current year.

Stag Industrial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.3875 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $1.55 annualized dividend and a dividend yield of 4.1%. Stag Industrial’s payout ratio is currently 114.62%.

Insider Activity

In related news, EVP Michael Chase sold 13,144 shares of Stag Industrial stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $38.75, for a total transaction of $509,330.00. Following the transaction, the executive vice president directly owned 9,422 shares of the company’s stock, valued at $365,102.50. This trade represents a 58.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Stag Industrial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Congress Asset Management Co. lifted its stake in shares of Stag Industrial by 2.6% during the 4th quarter. Congress Asset Management Co. now owns 208,574 shares of the real estate investment trust’s stock worth $7,667,000 after purchasing an additional 5,192 shares during the last quarter. SG Americas Securities LLC raised its holdings in Stag Industrial by 269.3% in the fourth quarter. SG Americas Securities LLC now owns 155,724 shares of the real estate investment trust’s stock worth $5,724,000 after purchasing an additional 113,557 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Stag Industrial by 17.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 21,799 shares of the real estate investment trust’s stock worth $813,000 after purchasing an additional 3,227 shares in the last quarter. Wedmont Private Capital purchased a new stake in shares of Stag Industrial during the fourth quarter valued at about $203,000. Finally, Everhart Financial Group Inc. boosted its holdings in shares of Stag Industrial by 8.3% in the 4th quarter. Everhart Financial Group Inc. now owns 22,455 shares of the real estate investment trust’s stock valued at $825,000 after buying an additional 1,728 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

Stag Industrial Company Profile

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.