Stag Industrial, Inc. (NYSE:STAG) Given Consensus Recommendation of “Hold” by Analysts

Shares of Stag Industrial, Inc. (NYSE:STAG) have been given an average rating of “Hold” by the ten ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $50.50.

STAG has been the topic of several research reports. Wall Street Zen cut Stag Industrial from a “hold” rating to a “sell” rating in a research note on Monday. Robert W. Baird set a $138.00 price target on Stag Industrial in a report on Friday, July 31st. Barclays upped their price target on Stag Industrial from $38.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday, July 16th. Evercore restated an “outperform” rating and set a $44.00 price objective on shares of Stag Industrial in a research note on Wednesday, April 29th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stag Industrial in a report on Friday, July 31st.

Institutional Trading of Stag Industrial

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Stag Industrial during the second quarter valued at about $1,097,126,000. State Street Corp increased its stake 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 worth $347,261,000 after acquiring an additional 142,132 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Stag Industrial by 3,696.2% during the 2nd quarter. California State Teachers Retirement System now owns 8,409,395 shares of the real estate investment trust’s stock worth $320,062,000 after purchasing an additional 8,187,875 shares in the last quarter. Norges Bank bought a new position in Stag Industrial during the fourth quarter valued at approximately $295,644,000. Finally, Alliancebernstein L.P. lifted its stake in shares of 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 valued at $143,339,000 after purchasing an additional 162,887 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

Stag Industrial Stock Up 1.0%

STAG opened at $37.05 on Thursday. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of 28.50 and a beta of 0.96. Stag Industrial has a 12 month low of $34.40 and a 12 month high of $42.61. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.76 and a quick ratio of 1.76. The business has a 50-day moving average of $38.64 and a two-hundred day moving average of $38.33.

Stag Industrial (NYSE:STAG) last issued its 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 return on equity of 6.79% and a net margin of 28.04%.The firm had revenue of $224.37 million for 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% compared to the same quarter last year. On average, research analysts expect that Stag Industrial will post 2.63 earnings per share for the current year.

Stag Industrial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued 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 Wednesday, September 30th. Stag Industrial’s dividend payout ratio (DPR) is 119.23%.

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.