Brokerages Set STAG Industrial, Inc. (NYSE:STAG) PT at $39.13

STAG Industrial, Inc. (NYSE:STAG - Get Free Report) has been given an average recommendation of "Hold" by the seven ratings firms that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $39.13.

Several research firms have recently commented on STAG. BMO Capital Markets reiterated an "outperform" rating and set a $42.00 target price (up from $41.00) on shares of STAG Industrial in a research note on Monday, April 8th. Barclays initiated coverage on STAG Industrial in a research report on Wednesday, March 27th. They issued an "equal weight" rating and a $40.00 target price on the stock. Finally, Royal Bank of Canada raised their target price on STAG Industrial from $39.00 to $40.00 and gave the company a "sector perform" rating in a research note on Friday, February 16th.

STAG Industrial Trading Down 0.1 %

Shares of NYSE STAG traded down $0.02 on Friday, reaching $36.39. 591,451 shares of the company traded hands, compared to its average volume of 1,137,754. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.78. STAG Industrial has a fifty-two week low of $31.69 and a fifty-two week high of $39.61. The stock has a market capitalization of $6.62 billion, a PE ratio of 36.41, a P/E/G ratio of 5.40 and a beta of 1.05. The company has a 50 day moving average of $36.50 and a 200 day moving average of $36.98.

STAG Industrial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.1233 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Friday, June 28th. STAG Industrial's dividend payout ratio (DPR) is currently 148.00%.

Institutional Trading of STAG Industrial

Several institutional investors have recently modified their holdings of STAG. Norges Bank acquired a new stake in shares of STAG Industrial during the 4th quarter worth approximately $69,990,000. Cohen & Steers Inc. lifted its position in shares of STAG Industrial by 944.0% during the 4th quarter. Cohen & Steers Inc. now owns 1,121,330 shares of the real estate investment trust's stock worth $44,023,000 after buying an additional 1,013,926 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of STAG Industrial by 22.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,248,373 shares of the real estate investment trust's stock worth $206,051,000 after buying an additional 961,420 shares during the period. Russell Investments Group Ltd. lifted its position in shares of STAG Industrial by 274.5% during the 4th quarter. Russell Investments Group Ltd. now owns 1,078,879 shares of the real estate investment trust's stock worth $42,392,000 after buying an additional 790,794 shares during the period. Finally, Daiwa Securities Group Inc. lifted its position in shares of STAG Industrial by 89.5% during the 1st quarter. Daiwa Securities Group Inc. now owns 1,268,181 shares of the real estate investment trust's stock worth $48,749,000 after buying an additional 598,788 shares during the period. Institutional investors and hedge funds own 88.67% of the company's stock.

STAG Industrial Company Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.