Stag Industrial (NYSE:STAG) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Stag Industrial (NYSE:STAG) from a sell rating to a hold rating in a report published on Saturday morning.

STAG has been the subject of a number of other reports. Evercore raised their price target on Stag Industrial from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Wells Fargo & Company raised their target price 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. Robert W. Baird boosted their target price on shares of Stag Industrial from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. iA Financial set a $39.00 price target on shares of Stag Industrial in a research note on Tuesday, January 13th. Finally, Barclays reissued an “underweight” rating and issued a $39.00 price objective (down previously from $40.00) on shares of Stag Industrial in a research report on Tuesday, January 13th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Stag Industrial has an average rating of “Hold” and a consensus target price of $39.33.

Stag Industrial Stock Performance

Shares of STAG opened at $39.39 on Friday. The stock has a market capitalization of $7.36 billion, a price-to-earnings ratio of 30.30 and a beta of 1.06. Stag Industrial has a 12 month low of $28.61 and a 12 month high of $39.88. The firm has a fifty day simple moving average of $37.69 and a 200 day simple moving average of $37.06. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.89.

Stag Industrial Dividend Announcement

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 119.23%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Park Avenue Securities LLC grew its holdings in Stag Industrial by 3.5% during the third 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 in the last quarter. Benjamin Edwards Inc. grew its stake in shares of Stag Industrial by 4.7% in the 3rd 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 in the last quarter. Tectonic Advisors LLC raised its holdings in shares of Stag Industrial by 2.4% in the second quarter. Tectonic Advisors LLC now owns 13,018 shares of the real estate investment trust’s stock valued at $472,000 after purchasing an additional 304 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of Stag Industrial by 4.2% during the second 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 in the last quarter. Finally, AlphaQuest LLC lifted its position in shares of Stag Industrial by 3.3% during the third quarter. AlphaQuest LLC now owns 10,875 shares of the real estate investment trust’s stock valued at $384,000 after purchasing an additional 350 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

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.