Stag Industrial, Inc. (NYSE:STAG) Receives $39.33 Consensus PT from Brokerages

Shares of Stag Industrial, Inc. (NYSE:STAG) have earned an average rating of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $39.3333.

Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada lifted their price target on Stag Industrial from $38.00 to $42.00 and gave the company a “sector perform” rating in a report on Thursday, November 6th. Robert W. Baird boosted their target price on shares of Stag Industrial from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Evercore ISI increased their price target on shares of Stag Industrial from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Wall Street Zen lowered shares of Stag Industrial from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Finally, Industrial Alliance Securities set a $39.00 price objective on shares of Stag Industrial in a report on Tuesday, January 13th.

Stag Industrial Price Performance

Shares of NYSE:STAG opened at $39.42 on Friday. The firm has a market cap of $7.36 billion, a price-to-earnings ratio of 30.32 and a beta of 1.06. Stag Industrial has a 1 year low of $28.61 and a 1 year high of $39.73. 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 business has a fifty day simple moving average of $37.69 and a 200 day simple moving average of $37.02.

Stag Industrial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.3875 per share. 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 is currently 114.62%.

Institutional Investors Weigh In On Stag Industrial

Several institutional investors and hedge funds have recently added to or reduced their stakes in STAG. State Street Corp raised its position in shares of Stag Industrial by 1.5% in the second quarter. State Street Corp now owns 9,539,842 shares of the real estate investment trust’s stock valued at $347,261,000 after purchasing an additional 142,132 shares during the period. Norges Bank acquired a new position in Stag Industrial in the 2nd quarter valued at $282,893,000. Alliancebernstein L.P. raised its holdings in Stag Industrial by 4.3% in the 2nd quarter. Alliancebernstein L.P. now owns 3,950,923 shares of the real estate investment trust’s stock worth $143,339,000 after acquiring an additional 162,887 shares during the period. Cbre Investment Management Listed Real Assets LLC raised its holdings in Stag Industrial by 10.7% in the 3rd quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,911,540 shares of the real estate investment trust’s stock worth $138,038,000 after acquiring an additional 377,952 shares during the period. Finally, Geode Capital Management LLC lifted its position in Stag Industrial by 1.3% during the 2nd quarter. Geode Capital Management LLC now owns 3,684,395 shares of the real estate investment trust’s stock worth $133,690,000 after acquiring an additional 46,713 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

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.