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

Stag Industrial, Inc. (NYSE:STAG) has earned a consensus rating of “Hold” from the ten analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $50.50.

Several equities analysts have recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. Weiss Ratings lowered Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Evercore reissued an “outperform” rating and set a $44.00 price objective on shares of Stag Industrial in a research report on Wednesday, April 29th. Raymond James Financial began coverage on Stag Industrial in a research note on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 target price on the stock. Finally, Robert W. Baird set a $138.00 target price on Stag Industrial in a research report on Friday.

Institutional Investors Weigh In On Stag Industrial

Several large investors have recently made changes to their positions in STAG. State Street Corp lifted its stake in 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 acquiring an additional 142,132 shares during the last quarter. Norges Bank acquired a new position in shares of Stag Industrial during the 4th quarter worth $295,644,000. Alliancebernstein L.P. increased its stake in shares of Stag Industrial by 4.3% during 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 purchasing an additional 162,887 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Stag Industrial by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 3,830,915 shares of the real estate investment trust’s stock valued at $140,851,000 after purchasing an additional 65,502 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Stag Industrial by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,418,556 shares of the real estate investment trust’s stock valued at $125,666,000 after purchasing an additional 120,460 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

Stag Industrial Stock Performance

Shares of STAG opened at $38.24 on Friday. The company’s 50 day moving average price is $38.87 and its 200 day moving average price is $38.37. Stag Industrial has a 52 week low of $33.72 and a 52 week high of $42.61. The company has a market capitalization of $7.37 billion, a PE ratio of 29.42 and a beta of 0.97. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.57 and a current ratio of 1.76.

Stag Industrial (NYSE:STAG) last released its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.37). Stag Industrial had a net margin of 28.04% and a return on equity of 6.79%. The company had revenue of $224.37 million during the quarter, compared to analyst estimates of $223.04 million. During the same quarter in the prior year, the company posted $0.63 EPS. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. Research analysts expect that Stag Industrial will post 2.63 EPS for the current fiscal year.

Stag Industrial Announces Dividend

The company 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 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Wednesday, September 30th. Stag Industrial’s payout ratio is currently 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.