Stag Industrial, Inc. (NYSE:STAG) Stock Has Consensus Target Price of $41.11 According to Analysts

Shares of Stag Industrial, Inc. (NYSE:STAG) have been given an average recommendation of “Hold” by the nine research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $41.11.

A number of brokerages have weighed in on STAG. Barclays upped their price target on shares of Stag Industrial from $38.00 to $41.00 and gave the company an “underweight” rating in a report on Thursday, July 16th. Wall Street Zen raised shares of Stag Industrial from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. Raymond James Financial began coverage on shares of Stag Industrial in a research note on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 price objective on the stock. Weiss Ratings downgraded shares of Stag Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, September 25th. Finally, Robert W. Baird upgraded shares of Stag Industrial from a “neutral” rating to an “outperform” rating and set a $42.00 target price on the stock in a report on Monday, August 31st.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in STAG. GAMMA Investing LLC boosted its stake in shares of Stag Industrial by 13.8% during the 3rd quarter. GAMMA Investing LLC now owns 3,711 shares of the real estate investment trust’s stock worth $133,000 after acquiring an additional 451 shares in the last quarter. Congress Asset Management Co. grew its holdings in shares of Stag Industrial by 21.1% in the 3rd quarter. Congress Asset Management Co. now owns 296,731 shares of the real estate investment trust’s stock worth $10,626,000 after acquiring an additional 51,637 shares during the last quarter. Moody National Bank Trust Division grew its holdings in shares of Stag Industrial by 5.7% in the 3rd quarter. Moody National Bank Trust Division now owns 43,482 shares of the real estate investment trust’s stock worth $1,557,000 after acquiring an additional 2,360 shares during the last quarter. Central Pacific Bank Trust Division raised its position in shares of Stag Industrial by 6.5% during the third quarter. Central Pacific Bank Trust Division now owns 6,390 shares of the real estate investment trust’s stock worth $229,000 after purchasing an additional 390 shares during the period. Finally, Cim Investment Management Inc. raised its position in shares of Stag Industrial by 7.4% during the second quarter. Cim Investment Management Inc. now owns 12,377 shares of the real estate investment trust’s stock worth $471,000 after purchasing an additional 855 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

Stag Industrial Trading Down 0.1%

Shares of Stag Industrial stock opened at $35.99 on Friday. The business has a fifty day simple moving average of $36.95 and a 200-day simple moving average of $37.93. Stag Industrial has a fifty-two week low of $35.14 and a fifty-two week high of $42.61. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 27.68 and a beta of 0.95. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.93.

Stag Industrial (NYSE:STAG) last released 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 analyst estimates of $223.04 million. During the same period in the previous year, the firm earned $0.63 earnings per share. Stag Industrial’s revenue was up 8.1% on a year-over-year basis. On average, equities analysts forecast that Stag Industrial will post 2.63 EPS for the current fiscal year.

Stag Industrial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors 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 yield of 4.3%. The ex-dividend date is Wednesday, September 30th. Stag Industrial’s dividend payout ratio (DPR) is presently 119.23%.

About Stag Industrial

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.