Stag Industrial, Inc. (STAG) Given Consensus Rating of “Buy” by Analysts
Stag Industrial, Inc. (NYSE:STAG) has been assigned a consensus rating of “Buy” from the nine ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $26.50.
A number of equities research analysts have recently issued reports on the stock. Cantor Fitzgerald reissued a “hold” rating and issued a $25.00 price target on shares of Stag Industrial in a report on Tuesday, May 2nd. Jefferies Group LLC increased their price target on shares of Stag Industrial from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Monday, April 24th. BidaskClub downgraded shares of Stag Industrial from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Stag Industrial in a report on Wednesday, May 3rd. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $26.00 price target on shares of Stag Industrial in a report on Friday, March 17th.
Stag Industrial (NYSE STAG) opened at 27.27 on Friday. Stag Industrial has a 12-month low of $21.21 and a 12-month high of $28.75. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 223.52 and a beta of 1.23. The firm has a 50-day moving average of $27.23 and a 200 day moving average of $25.35.
Stag Industrial (NYSE:STAG) last announced its quarterly earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. Stag Industrial had a net margin of 8.48% and a return on equity of 3.21%. The firm had revenue of $69.48 million for the quarter, compared to the consensus estimate of $68.57 million. Analysts expect that Stag Industrial will post ($0.05) EPS for the current fiscal year.
The business also recently disclosed a monthly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $0.1175 dividend. This represents a $1.41 annualized dividend and a dividend yield of 5.20%. The ex-dividend date is Thursday, September 28th. Stag Industrial’s dividend payout ratio (DPR) is 1,555.73%.
Several hedge funds and other institutional investors have recently bought and sold shares of STAG. Creative Planning boosted its position in Stag Industrial by 140.4% in the second quarter. Creative Planning now owns 4,341 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 2,535 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Stag Industrial by 45.5% in the first quarter. Daiwa Securities Group Inc. now owns 6,400 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 2,000 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Stag Industrial by 3.4% in the first quarter. SG Americas Securities LLC now owns 6,587 shares of the real estate investment trust’s stock worth $165,000 after buying an additional 215 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of Stag Industrial during the first quarter worth approximately $174,000. Finally, Jane Street Group LLC acquired a new position in shares of Stag Industrial during the first quarter worth approximately $205,000. Institutional investors own 77.21% of the company’s stock.
About Stag Industrial
STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.
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