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

Key Points

• Analysts have a consensus “Hold” rating on Stag Industrial, with five holds, three buys, and one sell. The average 12-month price target is $41.11, compared with the stock’s reported price of $35.85.
• Institutional investors own 88.67% of the company, with several funds recently initiating or increasing positions.
• Stag Industrial reported quarterly revenue of $224.37 million, up 8.1% year over year, but its $0.28 EPS fell short of the $0.65 analyst consensus. The company declared a quarterly dividend of $0.3875, equivalent to a 4.3% annualized yield.

Shares of Stag Industrial, Inc. (NYSE:STAG - Get Free Report) have been given an average recommendation of "Hold" by the nine ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $41.11.

Several equities research analysts recently issued reports on the company. Evercore reiterated an "outperform" rating on shares of Stag Industrial in a report on Monday, September 14th. Raymond James Financial began coverage on Stag Industrial in a research report on Wednesday, June 17th. They issued an "outperform" rating and a $44.00 target price for the company. Barclays boosted their price target on shares of Stag Industrial from $38.00 to $41.00 and gave the stock an "underweight" rating in a research note on Thursday, July 16th. Weiss Ratings lowered shares of Stag Industrial from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, September 25th. Finally, Wells Fargo & Company lowered their price objective on shares of Stag Industrial from $40.00 to $38.00 and set an "equal weight" rating for the company in a research note on Tuesday, September 1st.

Hedge Funds Weigh In On Stag Industrial

Institutional investors have recently modified their holdings of the business. Ancora Advisors LLC purchased a new stake in Stag Industrial during the 2nd quarter worth about $28,000. Community Bank N.A. grew its position in shares of Stag Industrial by 55.9% during the second quarter. Community Bank N.A. now owns 951 shares of the real estate investment trust's stock worth $36,000 after buying an additional 341 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Stag Industrial during the second quarter worth approximately $46,000. EverSource Wealth Advisors LLC increased its stake in shares of Stag Industrial by 22.0% during the first quarter. EverSource Wealth Advisors LLC now owns 1,583 shares of the real estate investment trust's stock worth $57,000 after buying an additional 285 shares during the period. Finally, CENTRAL TRUST Co raised its holdings in Stag Industrial by 885.0% in the first quarter. CENTRAL TRUST Co now owns 2,226 shares of the real estate investment trust's stock valued at $80,000 after acquiring an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company's stock.

Stag Industrial Stock Performance

NYSE:STAG opened at $35.85 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.76 and a current ratio of 1.76. The stock has a market capitalization of $6.91 billion, a P/E ratio of 27.58 and a beta of 0.95. The company has a 50 day moving average price of $36.99 and a 200 day moving average price of $37.94. Stag Industrial has a fifty-two week low of $35.14 and a fifty-two week high of $42.61.

Stag Industrial (NYSE:STAG - Get Free Report) last announced 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 net margin of 28.04% and a return on equity of 6.79%. The firm had revenue of $224.37 million during the quarter, compared to analysts' expectations of $223.04 million. During the same period in the previous year, the firm earned $0.63 EPS. The firm's revenue for the quarter was up 8.1% compared to the same quarter last year. Equities research analysts forecast that Stag Industrial will post 2.63 EPS for the current year.

Stag Industrial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.3875 dividend. This represents a $1.55 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, September 30th. Stag Industrial's dividend payout ratio (DPR) is currently 119.23%.

Stag Industrial Company Profile

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.

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