Stag Industrial, Inc. (NYSE:STAG) Stock Has Consensus Target Price of $41.20 According to Brokerages

Key Points

• Analysts maintain a “Hold” consensus on Stag Industrial, with five hold, four buy and one sell rating. The average 12-month price target is $41.20, compared with the stock’s reported price of $37.44.
• Institutional investors own 88.67% of the company, with major position increases or new stakes reported by BlackRock, Sumitomo Mitsui Trust and other firms.
• Stag Industrial reported quarterly revenue of $231.05 million, up 9.4% year over year, but EPS of $0.37 missed the $0.66 consensus estimate. The company also declared a quarterly dividend of $0.3875, representing a 4.1% annualized yield.

Shares of Stag Industrial, Inc. (NYSE:STAG - Get Free Report) have been assigned a consensus recommendation of "Hold" from the ten analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $41.20.

Several brokerages have recently issued reports on STAG. Robert W. Baird upgraded Stag Industrial from a "neutral" rating to an "outperform" rating and set a $42.00 price target on the stock in a research report on Monday, August 31st. Wells Fargo & Company cut their price objective 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. Citigroup decreased their target price on Stag Industrial from $40.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday, October 29th. Barclays lifted their target price on Stag Industrial from $38.00 to $41.00 and gave the stock an "underweight" rating in a report on Thursday, July 16th. Finally, Evercore reiterated an "outperform" rating on shares of Stag Industrial in a research report on Monday, September 14th.

Institutional Trading of Stag Industrial

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of Stag Industrial during the second quarter worth $1,097,126,000. Dimensional Fund Advisors LP grew its stake in Stag Industrial by 4.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,983,231 shares of the real estate investment trust's stock valued at $107,576,000 after purchasing an additional 113,678 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Stag Industrial in the second quarter valued at about $58,805,000. Bank of America Corp DE grew its stake in Stag Industrial by 8.0% in the first quarter. Bank of America Corp DE now owns 1,500,536 shares of the real estate investment trust's stock valued at $54,109,000 after purchasing an additional 111,001 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in Stag Industrial by 574.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,382,316 shares of the real estate investment trust's stock worth $49,501,000 after purchasing an additional 1,177,250 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors.

Stag Industrial Trading Up 1.6%

Stag Industrial stock opened at $37.44 on Tuesday. Stag Industrial has a 12-month low of $35.14 and a 12-month high of $42.61. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.13 and a quick ratio of 1.76. The stock has a market capitalization of $7.22 billion, a PE ratio of 26.55 and a beta of 0.95. The firm has a 50 day simple moving average of $36.74 and a 200-day simple moving average of $37.88.

Stag Industrial (NYSE:STAG - Get Free Report) last announced its earnings results on Tuesday, October 27th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.29). The firm had revenue of $231.05 million for the quarter, compared to the consensus estimate of $227.16 million. Stag Industrial had a return on equity of 7.28% and a net margin of 29.88%. Stag Industrial's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 EPS. As a group, equities research analysts expect that Stag Industrial will post 2.64 EPS for the current fiscal year.

Stag Industrial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 31st will be paid a $0.3875 dividend. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $1.55 annualized dividend and a dividend yield of 4.1%. Stag Industrial's payout ratio is currently 109.93%.

About Stag Industrial

STAG Industrial, Inc is a real estate investment trust (REIT) that owns, operates and acquires industrial properties throughout the United States. The company focuses primarily on single-tenant properties, which it leases to businesses for uses such as warehousing, distribution, manufacturing and logistics.

Its portfolio includes a range of industrial facilities serving tenants across diverse industries and geographic markets. STAG Industrial's business activities include property acquisition, leasing, management and development, with an emphasis on facilities that support supply-chain and operating requirements.

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

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