STAG Industrial, Inc. (NYSE:STAG) Receives $39.13 Average Price Target from Analysts

STAG Industrial, Inc. (NYSE:STAG) has been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $39.13.

Several equities research analysts recently weighed in on STAG shares. Barclays started coverage on STAG Industrial in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 price target on the stock. BMO Capital Markets restated an “outperform” rating and set a $42.00 price target (up from $41.00) on shares of STAG Industrial in a research report on Monday, April 8th. Robert W. Baird restated a “neutral” rating and set a $41.00 price target (up from $38.00) on shares of STAG Industrial in a research report on Friday, January 5th. Finally, Royal Bank of Canada lifted their price objective on STAG Industrial from $39.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, February 16th.

Institutional Investors Weigh In On STAG Industrial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STAG. Spire Wealth Management raised its position in STAG Industrial by 124.1% during the fourth quarter. Spire Wealth Management now owns 688 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 381 shares during the period. Fifth Third Bancorp raised its position in STAG Industrial by 121.3% during the third quarter. Fifth Third Bancorp now owns 905 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 496 shares during the period. HHM Wealth Advisors LLC purchased a new stake in STAG Industrial during the fourth quarter valued at approximately $31,000. ICA Group Wealth Management LLC purchased a new stake in STAG Industrial during the fourth quarter valued at approximately $38,000. Finally, Rational Advisors LLC purchased a new stake in STAG Industrial during the third quarter valued at approximately $42,000. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

STAG Industrial Price Performance

Shares of STAG stock opened at $34.48 on Monday. The firm has a market cap of $6.27 billion, a P/E ratio of 31.93, a P/E/G ratio of 4.90 and a beta of 1.02. STAG Industrial has a fifty-two week low of $31.69 and a fifty-two week high of $39.61. The business’s 50 day moving average price is $37.20 and its 200-day moving average price is $36.81. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.79 and a current ratio of 1.79.

STAG Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a $0.1233 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.29%. STAG Industrial’s dividend payout ratio is currently 137.04%.

About STAG Industrial

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.