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

Shares of Stag Industrial, Inc. (NYSE:STAG) have received a consensus recommendation of “Hold” from the ten analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $40.70.

Several brokerages recently weighed in on STAG. Wells Fargo & Company cut their price objective on shares of Stag Industrial from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 1st. Robert W. Baird raised shares of Stag Industrial from a “neutral” rating to an “outperform” rating and set a $42.00 target price for the company in a research report on Monday, August 31st. Barclays increased their price target on shares of Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a research note on Thursday, July 16th. Wall Street Zen upgraded shares of Stag Industrial from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. Finally, Raymond James Financial assumed coverage on shares of Stag Industrial in a research note on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 price objective for the company.

Hedge Funds Weigh In On Stag Industrial

Several large investors have recently made changes to their positions in STAG. Integrated Wealth Concepts LLC boosted its position in Stag Industrial by 31.5% in the second quarter. Integrated Wealth Concepts LLC now owns 26,206 shares of the real estate investment trust’s stock valued at $997,000 after buying an additional 6,283 shares in the last quarter. Community Bank N.A. grew its stake in Stag Industrial by 55.9% during the second quarter. Community Bank N.A. now owns 951 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 341 shares during the last quarter. RFG Advisory LLC increased its holdings in shares of Stag Industrial by 11.4% during the second quarter. RFG Advisory LLC now owns 49,628 shares of the real estate investment trust’s stock worth $1,889,000 after buying an additional 5,064 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Stag Industrial by 6.0% during the second quarter. NewEdge Advisors LLC now owns 37,715 shares of the real estate investment trust’s stock worth $1,435,000 after buying an additional 2,138 shares in the last quarter. Finally, Squarepoint Ops LLC raised its stake in shares of Stag Industrial by 107.7% in the second quarter. Squarepoint Ops LLC now owns 84,332 shares of the real estate investment trust’s stock valued at $3,210,000 after acquiring an additional 43,733 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Stag Industrial Trading Down 0.0%

Stag Industrial stock opened at $37.59 on Monday. Stag Industrial has a 52 week low of $34.40 and a 52 week high of $42.61. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a market capitalization of $7.25 billion, a price-to-earnings ratio of 28.92 and a beta of 0.95. The company has a 50 day moving average price of $38.12 and a 200 day moving average price of $38.12.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.37). The business had revenue of $224.37 million for the quarter, compared to analyst estimates of $223.04 million. Stag Industrial had a net margin of 28.04% and a return on equity of 6.79%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 earnings per share. Research analysts forecast that Stag Industrial will post 2.63 EPS for the current year.

Stag Industrial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Wednesday, September 30th. Stag Industrial’s payout ratio is presently 119.23%.

Stag Industrial Company Profile

STAG Industrial, Inc is a real estate investment trust (REIT) that owns, operates and acquires industrial properties across the United States. The company primarily focuses on single-tenant facilities, including warehouses, distribution centers, manufacturing buildings and flex industrial properties.

STAG seeks to build a diversified portfolio by investing in properties used by businesses across a range of industries and serving multiple markets. Its properties support activities such as logistics, e-commerce fulfillment, manufacturing and product distribution.

Founded in 2010 and headquartered in Boston, Massachusetts, STAG Industrial became a publicly traded company in 2011.