Stag Industrial, Inc. (NYSE:STAG) Receives $38.89 Average Target Price from Analysts

Shares of Stag Industrial, Inc. (NYSE:STAG) have earned a consensus rating of “Hold” from the nine analysts that are currently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $38.8889.

A number of research analysts have commented on STAG shares. Evercore ISI raised their target price on shares of Stag Industrial from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Citigroup lifted their price objective on shares of Stag Industrial from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. Wall Street Zen raised shares of Stag Industrial from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stag Industrial in a research report on Monday, December 8th. Finally, Wells Fargo & Company lifted their price target on Stag Industrial from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Monday, November 10th.

Stag Industrial Trading Down 0.2%

STAG opened at $37.25 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.89. The stock’s fifty day moving average is $38.41 and its two-hundred day moving average is $36.76. The company has a market capitalization of $6.96 billion, a P/E ratio of 28.65 and a beta of 1.06. Stag Industrial has a 52 week low of $28.61 and a 52 week high of $39.73.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The business had revenue of $211.12 million for the quarter, compared to the consensus estimate of $210.26 million. Stag Industrial had a return on equity of 6.84% and a net margin of 29.24%.The business’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.60 EPS. Analysts forecast that Stag Industrial will post 2.47 earnings per share for the current year.

Stag Industrial Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a $0.1242 dividend. The ex-dividend date is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 4.0%. Stag Industrial’s payout ratio is currently 114.62%.

Insider Activity

In other news, EVP Michael Chase sold 13,144 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $38.75, for a total value of $509,330.00. Following the sale, the executive vice president directly owned 9,422 shares in the company, valued at approximately $365,102.50. This trade represents a 58.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Larry T. Guillemette sold 2,004 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $35.20, for a total transaction of $70,540.80. Following the transaction, the director owned 38,666 shares of the company’s stock, valued at approximately $1,361,043.20. This trade represents a 4.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Stag Industrial

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Park Avenue Securities LLC grew its stake in Stag Industrial by 3.5% during the 3rd quarter. Park Avenue Securities LLC now owns 7,639 shares of the real estate investment trust’s stock worth $270,000 after buying an additional 260 shares during the last quarter. Benjamin Edwards Inc. grew its stake in shares of Stag Industrial by 4.7% during the third quarter. Benjamin Edwards Inc. now owns 6,230 shares of the real estate investment trust’s stock worth $220,000 after acquiring an additional 282 shares during the last quarter. First Hawaiian Bank grew its stake in shares of Stag Industrial by 1.5% during the first quarter. First Hawaiian Bank now owns 19,132 shares of the real estate investment trust’s stock worth $691,000 after acquiring an additional 289 shares during the last quarter. Tectonic Advisors LLC increased its holdings in shares of Stag Industrial by 2.4% during the second quarter. Tectonic Advisors LLC now owns 13,018 shares of the real estate investment trust’s stock valued at $472,000 after acquiring an additional 304 shares in the last quarter. Finally, ProShare Advisors LLC raised its position in shares of Stag Industrial by 4.2% in the 2nd quarter. ProShare Advisors LLC now owns 8,275 shares of the real estate investment trust’s stock valued at $300,000 after purchasing an additional 332 shares during the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

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.