Stag Industrial (NYSE:STAG) Shares Pass Above 200 Day Moving Average – What’s Next?

Stag Industrial, Inc. (NYSE:STAG)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $36.93 and traded as high as $37.20. Stag Industrial shares last traded at $37.1750, with a volume of 2,107,802 shares.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on STAG. Weiss Ratings reiterated a “buy (b)” rating on shares of Stag Industrial in a research report on Monday, December 22nd. Barclays reaffirmed an “underweight” rating and issued a $39.00 target price (down previously from $40.00) on shares of Stag Industrial in a report on Tuesday, January 13th. Wells Fargo & Company raised their price target on Stag Industrial from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Monday, November 10th. Citigroup boosted their price objective on Stag Industrial from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Finally, Robert W. Baird increased their target price on Stag Industrial from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $39.33.

Stag Industrial Stock Performance

The firm has a market cap of $6.94 billion, a PE ratio of 28.60 and a beta of 1.06. The firm’s 50 day simple moving average is $37.83 and its 200 day simple moving average is $36.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.89.

Stag Industrial (NYSE:STAG) last posted its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. Stag Industrial had a return on equity of 6.84% and a net margin of 29.24%.The company had revenue of $211.12 million for the quarter, compared to the consensus estimate of $210.26 million. During the same period in the previous year, the business earned $0.60 earnings per share. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, research analysts forecast that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given 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 is Tuesday, March 31st. Stag Industrial’s dividend payout ratio is currently 114.62%.

Insider Buying and Selling at Stag Industrial

In related news, EVP Michael Chase sold 13,144 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $38.75, for a total value of $509,330.00. Following the sale, the executive vice president owned 9,422 shares in the company, valued at approximately $365,102.50. The trade was a 58.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Stag Industrial

Large investors have recently made changes to their positions in the business. Norges Bank bought a new position in shares of Stag Industrial in the 2nd quarter valued at about $282,893,000. Cbre Investment Management Listed Real Assets LLC lifted its stake in shares of Stag Industrial by 82.3% in the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,533,588 shares of the real estate investment trust’s stock valued at $128,199,000 after purchasing an additional 1,595,238 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of Stag Industrial by 1,818.4% in the 3rd quarter. Balyasny Asset Management L.P. now owns 570,931 shares of the real estate investment trust’s stock worth $20,148,000 after purchasing an additional 541,170 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Stag Industrial by 37.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust’s stock valued at $60,391,000 after purchasing an additional 451,355 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Stag Industrial by 57.0% during the 2nd quarter. Prudential Financial Inc. now owns 1,147,243 shares of the real estate investment trust’s stock valued at $41,622,000 after purchasing an additional 416,415 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors.

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.