Stag Industrial (NYSE:STAG) Hits New 1-Year High – Here’s What Happened

Stag Industrial, Inc. (NYSE:STAG) shares hit a new 52-week high on Thursday . The company traded as high as $39.73 and last traded at $39.4220, with a volume of 1542413 shares. The stock had previously closed at $39.10.

Wall Street Analyst Weigh In

A number of analysts have commented on STAG shares. Wells Fargo & Company upped their price objective on shares of Stag Industrial from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Monday, November 10th. Citigroup raised their price objective on shares of Stag Industrial from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. iA Financial set a $39.00 price objective on shares of Stag Industrial in a research report on Tuesday, January 13th. Evercore increased their target price on Stag Industrial from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Finally, Royal Bank Of Canada raised their target price on Stag Industrial from $38.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 6th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $39.33.

Stag Industrial Trading Down 0.0%

The business has a 50-day moving average of $37.69 and a 200-day moving average of $37.05. 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 has a market cap of $7.36 billion, a price-to-earnings ratio of 30.30 and a beta of 1.06.

Stag Industrial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid 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 payout ratio is presently 114.62%.

Institutional Trading of Stag Industrial

A number of institutional investors have recently added to or reduced their stakes in the business. Private Trust Co. NA boosted its position in Stag Industrial by 2,183.9% during the second quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 677 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in shares of Stag Industrial in the third quarter valued at about $27,000. Root Financial Partners LLC bought a new position in shares of Stag Industrial in the third quarter worth about $43,000. International Assets Investment Management LLC acquired a new position in shares of Stag Industrial during the 4th quarter worth about $51,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Stag Industrial by 270.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 1,048 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

About Stag Industrial

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.