Stag Industrial Inc (NYSE:STAG) has earned an average rating of “Hold” from the eight research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $30.63.

STAG has been the subject of a number of recent research reports. Berenberg Bank initiated coverage on Stag Industrial in a research report on Tuesday, April 23rd. They issued a “hold” rating and a $30.00 target price for the company. ValuEngine downgraded Stag Industrial from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Finally, Zacks Investment Research downgraded Stag Industrial from a “hold” rating to a “sell” rating in a report on Wednesday, July 17th.

Institutional investors have recently bought and sold shares of the business. Lindbrook Capital LLC raised its holdings in shares of Stag Industrial by 418.8% during the first quarter. Lindbrook Capital LLC now owns 991 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 800 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Stag Industrial by 45.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,365 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 426 shares during the period. Marshall Wace North America L.P. bought a new stake in shares of Stag Industrial in the first quarter valued at approximately $36,000. Truvestments Capital LLC bought a new stake in shares of Stag Industrial in the first quarter valued at approximately $66,000. Finally, FMR LLC boosted its position in shares of Stag Industrial by 52.5% in the fourth quarter. FMR LLC now owns 2,646 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 911 shares during the period. 80.11% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:STAG traded up $0.18 during trading on Tuesday, hitting $29.33. 798,331 shares of the company were exchanged, compared to its average volume of 953,337. The stock has a market capitalization of $3.72 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 4.10 and a beta of 0.92. Stag Industrial has a fifty-two week low of $23.24 and a fifty-two week high of $31.66. The firm has a fifty day simple moving average of $30.12. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.72.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.35). Stag Industrial had a return on equity of 4.57% and a net margin of 20.06%. The company had revenue of $96.65 million for the quarter, compared to analyst estimates of $97.90 million. During the same period last year, the firm earned $0.45 EPS. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. As a group, sell-side analysts predict that Stag Industrial will post 1.84 EPS for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be issued a dividend of $0.119 per share. This represents a $1.43 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date of this dividend is Tuesday, July 30th. This is an increase from Stag Industrial’s previous monthly dividend of $0.12. Stag Industrial’s payout ratio is currently 79.89%.

Stag Industrial Company Profile

STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition, ownership, and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (“REIT”) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.

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Analyst Recommendations for Stag Industrial (NYSE:STAG)

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