Stag Industrial, Inc. (NYSE:STAG) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Analyst consensus is “Hold”: Of 10 covering firms, five recommend holding STAG, four recommend buying, and one recommends selling. The average 12-month price target is $40.70 versus a recent price of $37.14.
• Institutional ownership is substantial: Major investors including BlackRock, Norges Bank and California State Teachers Retirement System increased or initiated positions, with institutions collectively owning 88.67% of the stock.
• Dividend remains attractive despite earnings pressure: STAG reported quarterly EPS of $0.28, below the $0.65 consensus estimate, while revenue rose 8.1% year over year. The company declared a $0.3875 quarterly dividend, equivalent to a 4.2% annual yield.

Shares of Stag Industrial, Inc. (NYSE:STAG - Get Free Report) have been assigned a consensus rating of "Hold" from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $40.70.

Several equities research analysts recently commented on the company. Wells Fargo & Company cut their price target on Stag Industrial from $40.00 to $38.00 and set an "equal weight" rating for the company in a report on Tuesday, September 1st. Barclays upped their target price on Stag Industrial from $38.00 to $41.00 and gave the company an "underweight" rating in a report on Thursday, July 16th. Robert W. Baird raised Stag Industrial from a "neutral" rating to an "outperform" rating and set a $42.00 target price for the company in a research note on Monday, August 31st. Wall Street Zen upgraded Stag Industrial from a "sell" rating to a "hold" rating in a report on Saturday, September 5th. Finally, Raymond James Financial assumed coverage on shares of Stag Industrial in a research report on Wednesday, June 17th. They set an "outperform" rating and a $44.00 price target on the stock.

Institutional Trading of Stag Industrial

Several institutional investors have recently made changes to their positions in STAG. BlackRock Inc. purchased a new position in Stag Industrial in the second quarter worth approximately $1,097,126,000. California State Teachers Retirement System grew its stake in shares of Stag Industrial by 3,696.2% in the second quarter. California State Teachers Retirement System now owns 8,409,395 shares of the real estate investment trust's stock valued at $320,062,000 after buying an additional 8,187,875 shares in the last quarter. Norges Bank acquired a new stake in shares of Stag Industrial in the fourth quarter valued at $295,644,000. Bank of New York Mellon Corp purchased a new stake in shares of Stag Industrial in the 2nd quarter valued at $58,805,000. Finally, Bank of America Corp DE purchased a new stake in shares of Stag Industrial in the 2nd quarter valued at $55,184,000. Hedge funds and other institutional investors own 88.67% of the company's stock.

Stag Industrial Stock Up 0.0%

Shares of NYSE STAG opened at $37.14 on Monday. Stag Industrial has a 12-month low of $34.40 and a 12-month high of $42.61. The stock has a market cap of $7.16 billion, a PE ratio of 28.57 and a beta of 0.95. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.93. The company has a 50-day moving average of $38.29 and a 200 day moving average of $38.18.

Stag Industrial (NYSE:STAG - Get Free Report) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.65 by ($0.37). The business had revenue of $224.37 million during the quarter, compared to analysts' expectations of $223.04 million. Stag Industrial had a return on equity of 6.79% and a net margin of 28.04%.The company's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the business earned $0.63 earnings per share. As a group, sell-side analysts predict that Stag Industrial will post 2.63 EPS for the current fiscal year.

Stag Industrial Dividend Announcement

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 paid a $0.3875 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.55 annualized dividend and a dividend yield of 4.2%. Stag Industrial's dividend payout ratio is 119.23%.

About Stag Industrial

STAG Industrial, Inc is a real estate investment trust (REIT) that owns, operates and acquires industrial properties across the United States. The company primarily focuses on single-tenant facilities, including warehouses, distribution centers, manufacturing buildings and flex industrial properties.

STAG seeks to build a diversified portfolio by investing in properties used by businesses across a range of industries and serving multiple markets. Its properties support activities such as logistics, e-commerce fulfillment, manufacturing and product distribution.

Founded in 2010 and headquartered in Boston, Massachusetts, STAG Industrial became a publicly traded company in 2011.

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