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

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

Analysts Set New Price Targets

STAG has been the topic of several recent analyst reports. Citigroup increased their price objective on shares of Stag Industrial from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Weiss Ratings reissued a “buy (b)” rating on shares of Stag Industrial in a research report on Monday, December 22nd. Barclays restated an “underweight” rating and issued a $39.00 price objective (down from $40.00) on shares of Stag Industrial in a report on Tuesday, January 13th. Royal Bank Of Canada increased their target price on Stag Industrial from $38.00 to $42.00 and gave the company a “sector perform” rating in a research note on Thursday, November 6th. Finally, Wells Fargo & Company boosted their price target on Stag Industrial from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Monday, November 10th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $39.33.

Stag Industrial Trading Up 0.8%

The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $7.36 billion, a PE ratio of 30.32 and a beta of 1.06. The stock has a 50 day moving average price of $37.69 and a 200-day moving average price of $37.01.

Stag Industrial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $0.3875 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.55 dividend on an annualized basis and a dividend yield of 3.9%. Stag Industrial’s dividend payout ratio (DPR) is presently 114.62%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Private Trust Co. NA raised its holdings in Stag Industrial by 2,183.9% in the 2nd 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 purchased a new stake in Stag Industrial in the third quarter worth 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 purchased a new position in shares of Stag Industrial during the 4th quarter valued at about $51,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of 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 acquiring an additional 1,048 shares during the period. 88.67% of the stock is currently owned by institutional investors.

Stag Industrial Company Profile

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.