Analysts Set Stag Industrial, Inc. (NYSE:STAG) PT at $39.50

Shares of Stag Industrial, Inc. (NYSE:STAG) have been given an average rating of “Hold” by the ten analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $39.50.

Several equities analysts have recently commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Stag Industrial in a research report on Monday, December 22nd. Citigroup upped their target price on shares of Stag Industrial from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Evercore restated an “outperform” rating on shares of Stag Industrial in a research note on Friday, February 13th. 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. Finally, Barclays reissued an “underweight” rating and issued a $39.00 price objective (down from $40.00) on shares of Stag Industrial in a report on Tuesday, January 13th.

Insider Activity

In other Stag Industrial news, CEO William R. Crooker sold 93,732 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $39.17, for a total transaction of $3,671,482.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Matts Pinard sold 25,242 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $39.18, for a total transaction of $988,981.56. Following the sale, the executive vice president owned 951 shares in the company, valued at $37,260.18. This trade represents a 96.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 136,974 shares of company stock valued at $5,345,904. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Clearstead Advisors LLC lifted its position in Stag Industrial by 193.6% in the fourth quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 482 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in shares of Stag Industrial in the 3rd quarter worth $27,000. Root Financial Partners LLC acquired a new stake in shares of Stag Industrial in the third quarter valued at $43,000. International Assets Investment Management LLC bought a new position in Stag Industrial during the fourth quarter valued at about $51,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Stag Industrial by 270.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 1,048 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Stag Industrial Stock Down 0.2%

STAG stock opened at $39.22 on Thursday. Stag Industrial has a twelve month low of $28.61 and a twelve month high of $39.98. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $7.49 billion, a P/E ratio of 26.86 and a beta of 1.06. The firm has a 50 day simple moving average of $37.86 and a 200-day simple moving average of $37.45.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. The firm had revenue of $220.90 million for the quarter, compared to analysts’ expectations of $213.66 million. Stag Industrial had a net margin of 32.35% and a return on equity of 7.68%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 earnings per share. On average, equities research analysts predict that Stag Industrial will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $0.3875 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.55 annualized dividend and a dividend yield of 4.0%. Stag Industrial’s dividend payout ratio is presently 102.05%.

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.