Stag Industrial (NYSE:STAG) Reaches New 12-Month Low - Here's What Happened

Key Points

• Stag Industrial shares fell 2.0% to a new 52-week low of $35.36, below the 50-day and 200-day moving averages.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $41.11, implying potential upside from the low.
• The REIT reported quarterly revenue of $224.37 million, up 8.1% year over year, but missed EPS estimates; it declared a quarterly dividend of $0.3875 per share, representing a 4.4% yield.

Stag Industrial, Inc. (NYSE:STAG - Get Free Report)'s stock price reached a new 52-week low on Wednesday. The company traded as low as $35.36 and last traded at $35.4350, with a volume of 546344 shares traded. The stock had previously closed at $36.12.

Analyst Ratings Changes

A number of equities analysts have weighed in on STAG shares. Robert W. Baird upgraded shares of Stag Industrial from a "neutral" rating to an "outperform" rating and set a $42.00 price target on the stock in a report on Monday, August 31st. Evercore restated an "outperform" rating on shares of Stag Industrial in a report on Monday, September 14th. Wall Street Zen raised Stag Industrial from a "sell" rating to a "hold" rating in a research report on Saturday, September 5th. Raymond James Financial began coverage on Stag Industrial in a research report on Wednesday, June 17th. They set an "outperform" rating and a $44.00 price target for the company. Finally, Barclays upped their price target on Stag Industrial from $38.00 to $41.00 and gave the stock an "underweight" rating in a research note on Thursday, July 16th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Stag Industrial presently has a consensus rating of "Hold" and an average target price of $41.11.

Stag Industrial Trading Down 2.0%

The firm has a fifty day moving average of $37.12 and a 200-day moving average of $37.96. 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 $6.83 billion, a price-to-earnings ratio of 27.24 and a beta of 0.95.

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

Stag Industrial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.3875 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.55 annualized dividend and a yield of 4.4%. Stag Industrial's payout ratio is 119.23%.

Institutional Trading of Stag Industrial

Large investors have recently bought and sold shares of the company. Ancora Advisors LLC acquired a new position in shares of Stag Industrial during the second quarter worth $28,000. Community Bank N.A. increased its stake in Stag Industrial by 55.9% during the 2nd 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 during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in Stag Industrial during the 2nd quarter worth $46,000. EverSource Wealth Advisors LLC lifted its holdings in Stag Industrial by 22.0% in the 1st 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 in the last quarter. Finally, CENTRAL TRUST Co lifted its holdings in Stag Industrial by 885.0% in the 1st quarter. CENTRAL TRUST Co now owns 2,226 shares of the real estate investment trust's stock worth $80,000 after buying an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company's stock.

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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