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

Key Points

• Stag Industrial has a consensus broker rating of "Hold" from 10 analysts, with an average 1-year target price of $40.70.
• The company recently reported better-than-expected earnings, posting $0.32 EPS versus the $0.23 consensus and revenue of $224.21 million, up 9.0% from a year earlier.
• Stag Industrial also paid a quarterly dividend of $0.3875, equal to a 3.8% annualized yield, though its payout ratio is high at 120.16%.

Shares of Stag Industrial, Inc. (NYSE:STAG - Get Free Report) have received a consensus recommendation of "Hold" from the ten brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $40.70.

Several analysts have recently commented on the stock. Wells Fargo & Company dropped their price objective on shares of Stag Industrial from $41.00 to $40.00 and set an "equal weight" rating on the stock in a report on Monday, June 1st. Barclays raised their target price on shares of Stag Industrial from $38.00 to $41.00 and gave the stock an "underweight" rating in a report on Thursday, July 16th. Evercore restated an "outperform" rating and set a $44.00 target price on shares of Stag Industrial in a research report on Wednesday, April 29th. Weiss Ratings lowered shares of Stag Industrial from a "buy (b)" rating to a "buy (b-)" rating in a report on Monday, May 4th. Finally, Raymond James Financial assumed coverage on Stag Industrial in a research report on Wednesday, June 17th. They set an "outperform" rating and a $44.00 price target on the stock.

Institutional Trading of Stag Industrial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Stag Industrial during the 4th quarter valued at about $295,644,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Stag Industrial by 434,005.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,098,286 shares of the real estate investment trust's stock worth $40,373,000 after purchasing an additional 1,098,033 shares during the period. Heitman Real Estate Securities LLC acquired a new position in Stag Industrial in the 4th quarter worth about $33,558,000. Mackenzie Financial Corp purchased a new position in Stag Industrial during the fourth quarter worth approximately $25,459,000. Finally, Balyasny Asset Management L.P. boosted its position in Stag Industrial by 1,818.4% during the third quarter. Balyasny Asset Management L.P. now owns 570,931 shares of the real estate investment trust's stock worth $20,148,000 after purchasing an additional 541,170 shares in the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

Stag Industrial Stock Up 1.5%

Shares of STAG stock opened at $41.11 on Friday. The stock's 50-day simple moving average is $38.74 and its 200-day simple moving average is $38.30. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market capitalization of $7.86 billion, a PE ratio of 31.87 and a beta of 0.97. Stag Industrial has a fifty-two week low of $33.72 and a fifty-two week high of $42.61.

Stag Industrial (NYSE:STAG - Get Free Report) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.09. The firm had revenue of $224.21 million during the quarter, compared to the consensus estimate of $221.51 million. Stag Industrial had a return on equity of 6.80% and a net margin of 28.25%.The company's revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 earnings per share. Equities analysts expect that Stag Industrial will post 2.64 earnings per share for the current year.

Stag Industrial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.3875 dividend. This represents a $1.55 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Tuesday, June 30th. Stag Industrial's payout ratio is 120.16%.

About Stag Industrial

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company's portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.

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