Stag Industrial (NYSE:STAG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Stag Industrial (NYSE:STAG) from a sell rating to a hold rating in a research note issued to investors on Sunday morning.

Other equities research analysts have also recently issued reports about the company. Evercore reiterated an “outperform” rating and issued a $44.00 target price on shares of Stag Industrial in a report on Wednesday, April 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Stag Industrial in a research note on Friday, July 31st. Raymond James Financial initiated coverage on Stag Industrial in a report on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 price objective for the company. Wells Fargo & Company lowered their price objective on shares of Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, June 1st. Finally, Robert W. Baird set a $138.00 target price on shares of Stag Industrial in a report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Stag Industrial currently has a consensus rating of “Hold” and an average price target of $50.50.

Stag Industrial Stock Performance

Shares of NYSE:STAG opened at $36.59 on Friday. The firm’s 50 day simple moving average is $38.77 and its 200-day simple moving average is $38.36. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.76 and a current ratio of 1.76. Stag Industrial has a one year low of $34.40 and a one year high of $42.61. The firm has a market cap of $7.05 billion, a PE ratio of 28.15 and a beta of 0.96.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.37). Stag Industrial had a net margin of 28.04% and a return on equity of 6.79%. The firm had revenue of $224.37 million during the quarter, compared to analysts’ expectations of $223.04 million. During the same quarter in the previous year, the firm posted $0.63 EPS. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, equities analysts predict that Stag Industrial will post 2.63 EPS for the current year.

Stag Industrial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a $0.3875 dividend. This represents a $1.55 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, September 30th. Stag Industrial’s payout ratio is presently 119.23%.

Institutional Investors Weigh In On Stag Industrial

A number of institutional investors have recently added to or reduced their stakes in STAG. Clearstead Advisors LLC lifted its position in shares of Stag Industrial by 193.6% during the fourth quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 482 shares during the last quarter. Ancora Advisors LLC purchased a new position in shares of Stag Industrial in the 2nd quarter worth approximately $28,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Stag Industrial in the 3rd quarter worth approximately $27,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Stag Industrial during the 2nd quarter worth approximately $46,000. Finally, International Assets Investment Management LLC bought a new position in shares of Stag Industrial during the 4th quarter worth approximately $51,000. Institutional investors 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.