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

Key Points

• Stag Industrial, Inc. has received a consensus recommendation of “Hold” from six brokerages, with an average target price of $38.17.
• Insider trading activity included Director Benjamin S. Butcher selling 28,843 shares, representing a significant 80.21% decrease in his holdings.
• The company announced a dividend of $0.1242 per share, which will be paid to stockholders on August 15th, reflecting a dividend yield of 422.0%.

Shares of Stag Industrial, Inc. (NYSE:STAG - Get Free Report) have been assigned a consensus recommendation of "Hold" from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $38.1667.

Several analysts recently issued reports on the company. Raymond James Financial upped their target price on Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Robert W. Baird dropped their target price on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Evercore ISI upped their target price on Stag Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a $38.00 price objective on shares of Stag Industrial in a research note on Monday, May 19th.

Stag Industrial Stock Up 1.3%

Shares of STAG stock traded up $0.44 on Friday, hitting $35.20. 500,327 shares of the stock were exchanged, compared to its average volume of 1,494,665. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $6.57 billion, a P/E ratio of 27.75 and a beta of 0.91. The business has a 50-day moving average of $35.89 and a 200 day moving average of $34.97. Stag Industrial has a fifty-two week low of $28.61 and a fifty-two week high of $40.75.

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

Stag Industrial Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a $0.1242 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a dividend yield of 422.0%. Stag Industrial's dividend payout ratio is presently 117.32%.

Insider Activity at Stag Industrial

In other news, Director Benjamin S. Butcher sold 28,843 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $36.90, for a total value of $1,064,306.70. Following the transaction, the director owned 7,115 shares of the company's stock, valued at approximately $262,543.50. This represents a 80.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Stag Industrial

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP grew its position in Stag Industrial by 24.5% during the fourth quarter. Wellington Management Group LLP now owns 128,794 shares of the real estate investment trust's stock worth $4,356,000 after buying an additional 25,354 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Stag Industrial by 4.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 480,590 shares of the real estate investment trust's stock worth $16,254,000 after buying an additional 19,144 shares in the last quarter. Invesco Ltd. grew its position in Stag Industrial by 1.4% during the fourth quarter. Invesco Ltd. now owns 1,239,654 shares of the real estate investment trust's stock worth $41,925,000 after buying an additional 16,516 shares in the last quarter. FIL Ltd grew its position in Stag Industrial by 1.7% during the fourth quarter. FIL Ltd now owns 57,728 shares of the real estate investment trust's stock worth $1,952,000 after buying an additional 953 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Stag Industrial by 16.1% in the 4th quarter. Renaissance Technologies LLC now owns 187,100 shares of the real estate investment trust's stock valued at $6,328,000 after purchasing an additional 25,900 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 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.