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

Key Points

• Stag Industrial, Inc. has an average analyst rating of "Hold", with six analysts recommending a hold and two suggesting a buy, while the one-year target price is set at $38.00.
• Directors Larry T. Guillemette and Benjamin S. Butcher sold shares recently, indicating a significant decrease in their ownership positions, with Guillemette's stake reduced by nearly 5% and Butcher's by over 76%.
• The company has declared a monthly dividend of $0.1242 per share, set to be paid on January 15th, translating to an annualized dividend yield of approximately 3.9%.

Shares of Stag Industrial, Inc. (NYSE:STAG - Get Free Report) have received a consensus recommendation of "Hold" from the eight analysts that are presently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $38.00.

Several research analysts have recently commented on STAG shares. Industrial Alliance Securities set a $37.00 target price on Stag Industrial in a research note on Wednesday, October 1st. Weiss Ratings restated a "hold (c+)" rating on shares of Stag Industrial in a research report on Wednesday, October 8th. Cantor Fitzgerald started coverage on Stag Industrial in a research note on Wednesday, October 1st. They set a "neutral" rating and a $37.00 target price for the company. Finally, Evercore ISI raised their price target on shares of Stag Industrial from $40.00 to $41.00 and gave the company an "outperform" rating in a research note on Monday, September 15th.

Insider Activity at Stag Industrial

In other Stag Industrial news, Director Larry T. Guillemette sold 2,004 shares of the company's stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $35.20, for a total value of $70,540.80. Following the completion of the transaction, the director directly owned 38,666 shares in the company, valued at approximately $1,361,043.20. This represents a 4.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Benjamin S. Butcher sold 25,000 shares of the firm's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $36.91, for a total value of $922,750.00. Following the transaction, the director directly owned 7,562 shares of the company's stock, valued at approximately $279,113.42. This represents a 76.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Private Trust Co. NA grew its stake in Stag Industrial by 2,183.9% in the second quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 677 shares during the period. Chung Wu Investment Group LLC purchased a new position in Stag Industrial during the second quarter worth about $29,000. Tsfg LLC bought a new position in shares of Stag Industrial in the first quarter valued at approximately $32,000. Avalon Trust Co bought a new position in Stag Industrial in the 1st quarter valued at $36,000. Finally, Keystone Global Partners LLC purchased a new stake in Stag Industrial during the first quarter worth about $41,000. 88.67% of the stock is owned by institutional investors and hedge funds.

Stag Industrial Trading Up 0.3%

Stag Industrial stock opened at $38.69 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a 50-day moving average of $36.27 and a 200-day moving average of $35.35. The company has a market cap of $7.22 billion, a price-to-earnings ratio of 30.46 and a beta of 0.92. Stag Industrial has a one year low of $28.61 and a one year high of $38.98.

Stag Industrial (NYSE:STAG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.63. The company had revenue of $207.44 million for the quarter, compared to analysts' expectations of $206.37 million. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%.The business's revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 EPS. On average, equities analysts expect that Stag Industrial will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.1242 per share. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Wednesday, December 31st. Stag Industrial's payout ratio is 117.32%.

Stag Industrial Company Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.

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