Stag Industrial, Inc. (NYSE:STAG) Given Average Rating of “Hold” by Brokerages

Shares of Stag Industrial, Inc. (NYSE:STAG) have been given a consensus rating of “Hold” by the ten analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $39.50.

Several research firms have recently weighed in on STAG. Wall Street Zen upgraded shares of Stag Industrial from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Robert W. Baird set a $40.00 price target on Stag Industrial in a report on Tuesday, February 17th. Citigroup upped their price objective on Stag Industrial from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. iA Financial set a $39.00 target price on Stag Industrial in a research note on Tuesday, January 13th. Finally, Evercore reissued an “outperform” rating on shares of Stag Industrial in a report on Friday, February 13th.

Insider Transactions at Stag Industrial

In related news, Director Virgis Colbert sold 18,000 shares of Stag Industrial stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $38.08, for a total transaction of $685,440.00. Following the completion of the sale, the director owned 4,210 shares of the company’s stock, valued at approximately $160,316.80. The trade was a 81.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO William R. Crooker sold 93,732 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $39.17, for a total transaction of $3,671,482.44. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 136,974 shares of company stock worth $5,345,904. 1.10% of the stock is owned by insiders.

Institutional Trading of Stag Industrial

Several institutional investors have recently added to or reduced their stakes in the company. Clearstead Advisors LLC increased its position in Stag Industrial by 193.6% during the 4th quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 482 shares during the period. Measured Wealth Private Client Group LLC acquired a new position in shares of Stag Industrial in the third quarter valued at about $27,000. Root Financial Partners LLC bought a new position in Stag Industrial during the third quarter worth about $43,000. International Assets Investment Management LLC acquired a new stake in Stag Industrial in the 4th quarter worth about $51,000. Finally, EverSource Wealth Advisors LLC raised its stake in Stag Industrial by 270.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 1,048 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

Stag Industrial Stock Up 1.2%

NYSE:STAG opened at $39.70 on Thursday. Stag Industrial has a twelve month low of $28.61 and a twelve month high of $39.98. The firm has a market capitalization of $7.59 billion, a price-to-earnings ratio of 27.19 and a beta of 1.04. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.89. The stock’s 50 day moving average price is $37.91 and its two-hundred day moving average price is $37.50.

Stag Industrial (NYSE:STAG) last released its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. The company had revenue of $220.90 million during the quarter, compared to the consensus estimate of $213.66 million. Stag Industrial had a return on equity of 7.68% and a net margin of 32.35%.The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 EPS. Equities research analysts expect that Stag Industrial will post 2.47 earnings per share for the current fiscal 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 given a $0.3875 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.55 annualized dividend and a dividend yield of 3.9%. Stag Industrial’s dividend payout ratio is presently 102.05%.

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.