J P Morgan Chase & Co upgraded shares of Stag Industrial (NYSE:STAG) from a neutral rating to an overweight rating in a research report sent to investors on Friday. They currently have $30.00 price target on the real estate investment trust’s stock.

A number of other equities research analysts also recently commented on the company. TheStreet upgraded Stag Industrial from a c rating to a b- rating in a report on Tuesday, November 14th. BidaskClub upgraded Stag Industrial from a strong sell rating to a sell rating in a report on Saturday, November 4th. Ladenburg Thalmann Financial Services reiterated a buy rating on shares of Stag Industrial in a report on Friday, November 3rd. Jefferies Group reiterated a buy rating and issued a $32.00 price objective on shares of Stag Industrial in a report on Tuesday, September 26th. Finally, UBS upgraded Stag Industrial from a sell rating to a neutral rating and upped their price objective for the company from $21.00 to $28.00 in a report on Friday, September 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. Stag Industrial presently has an average rating of Buy and an average price target of $28.50.

Stag Industrial (NYSE:STAG) traded up $0.04 during mid-day trading on Friday, hitting $28.03. The stock had a trading volume of 1,568,971 shares, compared to its average volume of 529,186. The company has a market capitalization of $2,633.37, a P/E ratio of 16.76, a P/E/G ratio of 3.09 and a beta of 1.25. Stag Industrial has a 12 month low of $22.70 and a 12 month high of $28.95. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.62.

Stag Industrial (NYSE:STAG) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $78.14 million during the quarter, compared to the consensus estimate of $76.17 million. Stag Industrial had a return on equity of 5.72% and a net margin of 18.96%. The firm’s revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.40 earnings per share. analysts predict that Stag Industrial will post 1.68 EPS for the current year.

The firm also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be issued a $0.1183 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $1.42 annualized dividend and a dividend yield of 5.07%. Stag Industrial’s dividend payout ratio (DPR) is currently 261.12%.

Institutional investors have recently made changes to their positions in the business. Rhumbline Advisers increased its holdings in shares of Stag Industrial by 19.1% in the second quarter. Rhumbline Advisers now owns 124,302 shares of the real estate investment trust’s stock worth $3,431,000 after acquiring an additional 19,900 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Stag Industrial by 22.2% in the second quarter. American Century Companies Inc. now owns 508,398 shares of the real estate investment trust’s stock worth $14,032,000 after acquiring an additional 92,414 shares in the last quarter. State Street Corp increased its holdings in shares of Stag Industrial by 11.9% in the second quarter. State Street Corp now owns 1,895,836 shares of the real estate investment trust’s stock worth $52,324,000 after acquiring an additional 200,955 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Stag Industrial by 10.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 87,463 shares of the real estate investment trust’s stock worth $2,414,000 after acquiring an additional 8,423 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Stag Industrial by 11.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,159,878 shares of the real estate investment trust’s stock worth $32,012,000 after acquiring an additional 116,002 shares in the last quarter. Institutional investors own 82.08% of the company’s stock.

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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.

Analyst Recommendations for Stag Industrial (NYSE:STAG)

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