Several other research analysts also recently weighed in on STAG. Ladenburg Thalmann Financial Services restated a buy rating on shares of Stag Industrial in a research note on Friday, November 3rd. ValuEngine upgraded Stag Industrial from a hold rating to a buy rating in a research note on Friday, September 1st. Jefferies Group restated a buy rating and set a $32.00 target price (up from $31.00) on shares of Stag Industrial in a research note on Tuesday, August 22nd. UBS Group upgraded Stag Industrial from a sell rating to a neutral rating and boosted their price target for the company from $21.00 to $28.00 in a research note on Friday, September 8th. Finally, JPMorgan Chase & Co. upgraded Stag Industrial from a neutral rating to an overweight rating and set a $30.00 price target on the stock in a research note on Friday, December 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $28.50.
Shares of Stag Industrial (NYSE STAG) traded down $0.02 during midday trading on Tuesday, reaching $25.64. The company’s stock had a trading volume of 772,351 shares, compared to its average volume of 559,804. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.62. The company has a market cap of $2,414.16, a price-to-earnings ratio of 47.48, a PEG ratio of 2.62 and a beta of 1.25. Stag Industrial has a 1-year low of $22.70 and a 1-year high of $28.95.
Stag Industrial (NYSE:STAG) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. The business had revenue of $78.14 million during the quarter, compared to analyst estimates of $76.17 million. Stag Industrial had a return on equity of 5.72% and a net margin of 18.96%. Stag Industrial’s revenue was up 24.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 EPS. equities research analysts anticipate that Stag Industrial will post 1.68 earnings per share for the current year.
The business also recently announced a monthly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be paid a $0.1183 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.54%. Stag Industrial’s payout ratio is 261.12%.
In other Stag Industrial news, CEO Benjamin S. Butcher sold 68,180 shares of the stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $26.41, for a total transaction of $1,800,633.80. Following the completion of the transaction, the chief executive officer now owns 140,268 shares of the company’s stock, valued at $3,704,477.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David G. King sold 35,000 shares of the stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $26.41, for a total value of $924,350.00. Following the transaction, the executive vice president now directly owns 35,364 shares of the company’s stock, valued at approximately $933,963.24. The disclosure for this sale can be found here. Insiders sold 165,069 shares of company stock worth $4,359,472 in the last 90 days. Company insiders own 2.00% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. San Francisco Sentry Investment Group CA acquired a new position in shares of Stag Industrial during the second quarter valued at approximately $117,000. Verition Fund Management LLC acquired a new position in shares of Stag Industrial during the second quarter valued at approximately $200,000. Teacher Retirement System of Texas acquired a new position in shares of Stag Industrial during the third quarter valued at approximately $200,000. Federated Investors Inc. PA acquired a new position in shares of Stag Industrial during the second quarter valued at approximately $203,000. Finally, GAM Holding AG raised its holdings in shares of Stag Industrial by 20.2% during the second quarter. GAM Holding AG now owns 7,566 shares of the real estate investment trust’s stock valued at $209,000 after acquiring an additional 1,270 shares during the last quarter. 82.06% of the stock is owned by institutional investors and hedge funds.
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Stag Industrial Company Profile
STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.
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