Stag Industrial Inc (NYSE:STAG)‘s stock had its “buy” rating reissued by Royal Bank of Canada in a report released on Friday. They currently have a $26.00 target price on the stock. Royal Bank of Canada’s price target suggests a potential upside of 4.88% from the stock’s previous close.

A number of other research analysts have also recently issued reports on STAG. Zacks Investment Research cut Stag Industrial from a “buy” rating to a “hold” rating in a report on Wednesday, November 30th. Jefferies Group LLC raised Stag Industrial from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Thursday, December 1st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $25.25.

Analyst Recommendations for Stag Industrial (NYSE:STAG)

Shares of Stag Industrial (NYSE:STAG) opened at 24.79 on Friday. The firm’s 50-day moving average is $24.46 and its 200-day moving average is $23.73. Stag Industrial has a 1-year low of $19.01 and a 1-year high of $26.24. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 86.38 and a beta of 1.15.

Stag Industrial (NYSE:STAG) last released its quarterly earnings results on Thursday, February 16th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.47. Stag Industrial had a negative return on equity of 2.54% and a negative net margin of 7.25%. The business earned $66.50 million during the quarter, compared to analysts’ expectations of $55.68 million. During the same period in the previous year, the business posted $0.40 earnings per share. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. On average, analysts predict that Stag Industrial will post ($0.10) earnings per share for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Monday, May 15th. Investors of record on Friday, April 28th will be issued a $0.1167 dividend. The ex-dividend date of this dividend is Wednesday, April 26th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.65%. Stag Industrial’s dividend payout ratio is -304.35%.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hall Laurie J Trustee acquired a new position in Stag Industrial during the fourth quarter worth about $104,000. US Bancorp DE boosted its position in Stag Industrial by 20.9% in the third quarter. US Bancorp DE now owns 6,184 shares of the company’s stock worth $152,000 after buying an additional 1,071 shares in the last quarter. Advisory Services Network LLC boosted its position in Stag Industrial by 0.6% in the third quarter. Advisory Services Network LLC now owns 6,332 shares of the company’s stock worth $155,000 after buying an additional 38 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management boosted its position in Stag Industrial by 5.1% in the third quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 8,466 shares of the company’s stock worth $208,000 after buying an additional 414 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Stag Industrial during the third quarter worth about $219,000. 77.41% of the stock is owned by institutional investors and hedge funds.

Stag Industrial Company Profile

STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.

5 Day Chart for NYSE:STAG

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