Stag Industrial, Inc. (NYSE:STAG) Stock Has Consensus Target Price of $41.20 According to Brokerages

Stag Industrial, Inc. (NYSE:STAG) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $41.11.

Several equities research analysts recently commented on STAG shares. Wells Fargo & Company decreased their price objective on shares of Stag Industrial from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 1st. Citigroup lowered their price objective on shares of Stag Industrial from $40.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, October 29th. Weiss Ratings downgraded shares of Stag Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, September 25th. Robert W. Baird upgraded shares of Stag Industrial from a “neutral” rating to an “outperform” rating and set a $42.00 target price for the company in a research report on Monday, August 31st. Finally, Barclays lifted their target price on shares of Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, July 16th.

Stag Industrial Stock Down 0.7%

STAG opened at $36.64 on Tuesday. The business’s fifty day moving average is $36.75 and its two-hundred day moving average is $37.87. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $7.06 billion, a price-to-earnings ratio of 25.99 and a beta of 0.91. Stag Industrial has a one year low of $35.14 and a one year high of $42.61.

Stag Industrial (NYSE:STAG) last posted its earnings results on Tuesday, October 27th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.29). Stag Industrial had a net margin of 29.88% and a return on equity of 7.28%. The firm had revenue of $231.05 million during the quarter, compared to analyst estimates of $227.16 million. During the same period last year, the company posted $0.65 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. Analysts anticipate that Stag Industrial will post 2.64 EPS for the current fiscal year.

Stag Industrial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 31st will be paid a dividend of $0.3875 per share. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Thursday, December 31st. Stag Industrial’s dividend payout ratio (DPR) is 109.93%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of STAG. BlackRock Inc. acquired a new stake in Stag Industrial during the 2nd quarter valued at $1,097,126,000. Dimensional Fund Advisors LP increased its position in Stag Industrial by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,983,231 shares of the real estate investment trust’s stock worth $107,576,000 after buying an additional 113,678 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Stag Industrial during the second quarter worth $58,805,000. Bank of America Corp DE acquired a new position in shares of Stag Industrial in the second quarter worth $55,184,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Stag Industrial by 574.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,382,316 shares of the real estate investment trust’s stock valued at $49,501,000 after acquiring an additional 1,177,250 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Stag Industrial Company Profile

STAG Industrial, Inc is a real estate investment trust (REIT) that owns, operates and acquires industrial properties throughout the United States. The company focuses primarily on single-tenant properties, which it leases to businesses for uses such as warehousing, distribution, manufacturing and logistics.

Its portfolio includes a range of industrial facilities serving tenants across diverse industries and geographic markets. STAG Industrial’s business activities include property acquisition, leasing, management and development, with an emphasis on facilities that support supply-chain and operating requirements.

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