Stag Industrial, Inc. (NYSE:STAG) Receives Consensus Rating of “Hold” from Analysts

Shares of Stag Industrial, Inc. (NYSE:STAG) have been assigned a consensus rating of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $50.50.

STAG has been the topic of several recent analyst reports. Robert W. Baird set a $138.00 price objective on shares of Stag Industrial in a research report on Friday, July 31st. Wells Fargo & Company dropped their target price on shares of Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, June 1st. Raymond James Financial began coverage on shares of Stag Industrial in a report on Wednesday, June 17th. They set an “outperform” rating and a $44.00 price target on the stock. Wall Street Zen downgraded shares of Stag Industrial from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Evercore reiterated an “outperform” rating and set a $44.00 target price on shares of Stag Industrial in a research note on Wednesday, April 29th.

Stag Industrial Stock Performance

Stag Industrial stock opened at $37.26 on Thursday. Stag Industrial has a twelve month low of $34.40 and a twelve month high of $42.61. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $7.18 billion, a P/E ratio of 28.66 and a beta of 0.96. The stock’s 50 day moving average is $38.61 and its 200 day moving average is $38.30.

Stag Industrial (NYSE:STAG) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.37). Stag Industrial had a return on equity of 6.79% and a net margin of 28.04%.The company had revenue of $224.37 million during the quarter, compared to the consensus estimate of $223.04 million. During the same period last year, the firm posted $0.63 earnings per share. The company’s revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts predict that Stag Industrial will post 2.63 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.3875 per share. This represents a $1.55 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, September 30th. Stag Industrial’s dividend payout ratio is currently 119.23%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Clearstead Advisors LLC lifted its position in shares of Stag Industrial by 193.6% in the fourth quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 482 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new stake in Stag Industrial during the 3rd quarter valued at approximately $27,000. Ancora Advisors LLC purchased a new position in Stag Industrial in the 2nd quarter worth approximately $28,000. Northwestern Mutual Wealth Management Co. purchased a new position in Stag Industrial in the 2nd quarter worth approximately $46,000. Finally, International Assets Investment Management LLC bought a new position in Stag Industrial in the 4th quarter worth approximately $51,000. Institutional investors own 88.67% of the company’s stock.

About Stag Industrial

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.