Stag Industrial, Inc. (NYSE:STAG) has been assigned a consensus rating of “Buy” from the eight analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $26.60.

A number of brokerages recently weighed in on STAG. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Stag Industrial in a research report on Wednesday, August 2nd. BidaskClub downgraded Stag Industrial from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. Jefferies Group LLC raised their price objective on Stag Industrial from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Monday, April 24th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $25.00 price objective on shares of Stag Industrial in a research report on Tuesday, May 2nd.

Stag Industrial (NYSE:STAG) opened at 26.94 on Tuesday. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 100.52 and a beta of 1.22. The stock has a 50 day moving average price of $27.49 and a 200 day moving average price of $25.98. Stag Industrial has a 52-week low of $21.21 and a 52-week high of $28.75.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.41. Stag Industrial had a return on equity of 3.97% and a net margin of 12.22%. The company had revenue of $72.20 million for the quarter, compared to the consensus estimate of $71.44 million. During the same quarter last year, the company earned $0.38 earnings per share. The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. Analysts expect that Stag Industrial will post ($0.04) EPS for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a $0.1175 dividend. This represents a $1.41 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date is Wednesday, November 29th. Stag Industrial’s dividend payout ratio (DPR) is presently 503.57%.

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Several hedge funds and other institutional investors have recently made changes to their positions in STAG. Vanguard Group Inc. boosted its position in shares of Stag Industrial by 12.0% in the first quarter. Vanguard Group Inc. now owns 12,690,886 shares of the real estate investment trust’s stock valued at $317,526,000 after buying an additional 1,364,728 shares during the last quarter. BlackRock Inc. boosted its position in shares of Stag Industrial by 1,758.0% in the first quarter. BlackRock Inc. now owns 8,449,687 shares of the real estate investment trust’s stock valued at $211,412,000 after buying an additional 7,994,905 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Stag Industrial by 15.0% in the second quarter. Bank of New York Mellon Corp now owns 4,950,893 shares of the real estate investment trust’s stock valued at $136,644,000 after buying an additional 646,968 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Stag Industrial by 18.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,623,228 shares of the real estate investment trust’s stock valued at $65,632,000 after buying an additional 407,966 shares during the last quarter. Finally, Westwood Holdings Group Inc. boosted its position in shares of Stag Industrial by 19.4% in the first quarter. Westwood Holdings Group Inc. now owns 2,525,214 shares of the real estate investment trust’s stock valued at $63,181,000 after buying an additional 409,970 shares during the last quarter. Hedge funds and other institutional investors own 74.44% 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.

Analyst Recommendations for Stag Industrial (NYSE:STAG)

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