Stag Industrial, Inc. (NYSE:STAG) Stock Now Rated “Hold” by Wall Street Analysts

Shares of Stag Industrial, Inc. (NYSE:STAG) have earned an average recommendation of “Hold” from the nine analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $41.11.

A number of brokerages recently weighed in on STAG. Jefferies Financial Group restated a “buy” rating and set a $43.00 target price on shares of Stag Industrial in a report on Monday, November 2nd. Weiss Ratings cut shares of Stag Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, September 25th. Citigroup decreased their price objective on shares of Stag Industrial from $40.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, October 29th. Robert W. Baird upgraded shares of Stag Industrial from a “neutral” rating to an “outperform” rating and set a $42.00 price objective on the stock in a research note on Monday, August 31st. Finally, Evercore reaffirmed an “outperform” rating on shares of Stag Industrial in a report on Monday, September 14th.

Stag Industrial Stock Up 2.4%

STAG stock opened at $37.47 on Tuesday. The company has a market cap of $7.22 billion, a price-to-earnings ratio of 26.57 and a beta of 0.91. Stag Industrial has a twelve month low of $35.14 and a twelve month high of $42.61. The business has a 50 day moving average price of $36.75 and a two-hundred day moving average price of $37.87. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.91.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings data on Tuesday, October 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.29). The company had revenue of $231.05 million for the quarter, compared to the consensus estimate of $227.16 million. Stag Industrial had a return on equity of 7.28% and a net margin of 29.88%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 EPS. Analysts anticipate that Stag Industrial will post 2.64 EPS for the current fiscal year.

Stag Industrial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 31st will be issued a dividend of $0.3875 per share. The ex-dividend date is Thursday, December 31st. This represents a $1.55 dividend on an annualized basis and a yield of 4.1%. Stag Industrial’s dividend payout ratio (DPR) is presently 109.93%.

Institutional Trading of Stag Industrial

Institutional investors and hedge funds have recently bought and sold shares of the business. Teachers Retirement System of The State of Kentucky raised its stake in Stag Industrial by 11.2% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 59,693 shares of the real estate investment trust’s stock valued at $2,137,000 after acquiring an additional 6,000 shares during the period. Hantz Financial Services Inc. boosted its position in Stag Industrial by 2.3% during the third quarter. Hantz Financial Services Inc. now owns 20,461 shares of the real estate investment trust’s stock worth $733,000 after purchasing an additional 456 shares during the period. Aberdeen Group plc boosted its position in Stag Industrial by 87.7% during the third quarter. Aberdeen Group plc now owns 156,305 shares of the real estate investment trust’s stock worth $5,597,000 after purchasing an additional 73,027 shares during the period. Allworth Financial LP boosted its position in Stag Industrial by 24.4% during the third quarter. Allworth Financial LP now owns 2,918 shares of the real estate investment trust’s stock worth $111,000 after purchasing an additional 573 shares during the period. Finally, Aew Capital Management Inc. acquired a new position in shares of Stag Industrial in the third quarter valued at $88,000. Institutional investors own 88.67% of the company’s stock.

About Stag Industrial