Stag Industrial, Inc. (NYSE:STAG) Receives $39.50 Average PT from Analysts

Stag Industrial, Inc. (NYSE:STAG) has been assigned an average recommendation of “Hold” from the ten brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $39.50.

Several equities analysts recently weighed in on STAG shares. Wall Street Zen upgraded shares of Stag Industrial from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. JPMorgan Chase & Co. lifted their price objective on shares of Stag Industrial from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. iA Financial set a $39.00 price objective on shares of Stag Industrial in a report on Tuesday, January 13th. Evercore reissued an “outperform” rating on shares of Stag Industrial in a report on Friday, February 13th. Finally, Robert W. Baird set a $40.00 target price on shares of Stag Industrial in a research report on Tuesday, February 17th.

Insider Transactions at Stag Industrial

In related news, CEO William R. Crooker sold 93,732 shares of Stag Industrial stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $39.17, for a total transaction of $3,671,482.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Matts Pinard sold 25,242 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $39.18, for a total value of $988,981.56. Following the completion of the transaction, the executive vice president directly owned 951 shares of the company’s stock, valued at $37,260.18. The trade was a 96.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 136,974 shares of company stock worth $5,345,904 over the last quarter. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Stag Industrial

Hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp boosted its holdings in Stag Industrial by 1.5% during the second quarter. State Street Corp now owns 9,539,842 shares of the real estate investment trust’s stock worth $347,261,000 after buying an additional 142,132 shares in the last quarter. Norges Bank purchased a new position in Stag Industrial in the fourth quarter valued at $295,644,000. Alliancebernstein L.P. increased its holdings in Stag Industrial by 4.3% in the second quarter. Alliancebernstein L.P. now owns 3,950,923 shares of the real estate investment trust’s stock valued at $143,339,000 after buying an additional 162,887 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC raised its position in shares of Stag Industrial by 10.7% in the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,911,540 shares of the real estate investment trust’s stock worth $138,038,000 after acquiring an additional 377,952 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Stag Industrial by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 3,830,915 shares of the real estate investment trust’s stock worth $140,851,000 after acquiring an additional 65,502 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

Stag Industrial Stock Performance

Shares of STAG opened at $35.95 on Monday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a 50-day moving average of $38.13 and a two-hundred day moving average of $37.70. The stock has a market cap of $6.87 billion, a P/E ratio of 24.62 and a beta of 1.04. Stag Industrial has a one year low of $28.61 and a one year high of $39.98.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. Stag Industrial had a return on equity of 7.68% and a net margin of 32.35%.The business had revenue of $220.90 million for the quarter, compared to analyst estimates of $213.66 million. During the same period in the prior year, the company earned $0.61 earnings per share. The company’s revenue was up 10.8% on a year-over-year basis. As a group, research analysts predict that Stag Industrial will post 2.47 EPS for the current year.

Stag Industrial Announces Dividend

The business also recently disclosed 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. This represents a $1.55 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, March 31st. Stag Industrial’s payout ratio is 106.16%.

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.