Stag Industrial, Inc. (NYSE:STAG) Stock Now Rated “Hold” by Sell-Side Brokerages

Stag Industrial, Inc. (NYSE:STAG) has been assigned an average recommendation of “Hold” from the nine research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three 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 $41.11.

STAG has been the topic of a number of research reports. Weiss Ratings downgraded shares of Stag Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, September 25th. Robert W. Baird raised shares of Stag Industrial from a “neutral” rating to an “outperform” rating and set a $42.00 target price on the stock in a research note on Monday, August 31st. Wells Fargo & Company decreased their target price on Stag Industrial from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 1st. Evercore restated an “outperform” rating on shares of Stag Industrial in a report on Monday, September 14th. Finally, Wall Street Zen upgraded shares of Stag Industrial from a “sell” rating to a “hold” rating in a report on Saturday, September 5th.

Hedge Funds Weigh In On Stag Industrial

A number of hedge funds have recently added to or reduced their stakes in the stock. Readystate Asset Management LP bought a new position in shares of Stag Industrial in the second quarter valued at approximately $2,602,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Stag Industrial during the second quarter valued at approximately $3,693,000. Squarepoint Ops LLC lifted its holdings in Stag Industrial by 107.7% during the second quarter. Squarepoint Ops LLC now owns 84,332 shares of the real estate investment trust’s stock worth $3,210,000 after acquiring an additional 43,733 shares during the period. Renaissance Technologies LLC bought a new stake in Stag Industrial during the first quarter worth $3,444,000. Finally, Man Group plc bought a new stake in Stag Industrial during the second quarter worth $5,772,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

Stag Industrial Price Performance

Shares of STAG opened at $35.71 on Friday. Stag Industrial has a 52-week low of $35.14 and a 52-week high of $42.61. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.76 and a current ratio of 1.76. The business’s 50 day moving average price is $36.83 and its two-hundred day moving average price is $37.93. The firm has a market cap of $6.89 billion, a PE ratio of 27.47 and a beta of 0.95.

Stag Industrial (NYSE:STAG) last posted 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). The business had revenue of $224.37 million for the quarter, compared to the consensus estimate of $223.04 million. Stag Industrial had a return on equity of 6.79% and a net margin of 28.04%. Stag Industrial’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.63 earnings per share. On average, equities analysts anticipate that Stag Industrial will post 2.63 EPS for the current year.

Stag Industrial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Wednesday, September 30th. Stag Industrial’s dividend payout ratio is currently 119.23%.

Stag Industrial Company Profile

STAG Industrial, Inc (NYSE: STAG) is a real estate investment trust (REIT) that owns, operates and acquires industrial properties across the United States. The company focuses primarily on single-tenant properties, with a portfolio designed to serve businesses involved in manufacturing, logistics, distribution and warehousing.

STAG Industrial seeks to generate rental income through long-term leases with tenants operating in a range of industries. Its properties are generally located in established industrial markets and are supported by demand for distribution and logistics facilities, including those serving e-commerce and supply-chain operations.

Founded in 2010 and headquartered in Boston, Massachusetts, STAG Industrial became a publicly traded company in 2011.