Analysts Set Stag Industrial, Inc. (NYSE:STAG) PT at $39.71

Shares of Stag Industrial, Inc. (NYSE:STAG - Get Free Report) have received an average rating of "Hold" from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $39.71.

STAG has been the subject of several research analyst reports. Royal Bank Of Canada reissued a "sector perform" rating and issued a $38.00 price objective on shares of Stag Industrial in a research report on Monday, May 19th. Robert W. Baird lowered their target price on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Finally, Raymond James Financial increased their price target on Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th.

Insider Buying and Selling at Stag Industrial

In related news, Director Benjamin S. Butcher sold 28,843 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 7,115 shares of the company's stock, valued at approximately $262,543.50. This represents a 80.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Stag Industrial

Hedge funds have recently made changes to their positions in the business. Nuveen LLC purchased a new position in shares of Stag Industrial during the 1st quarter valued at $129,972,000. Norges Bank bought a new position in Stag Industrial in the 4th quarter worth about $75,471,000. FMR LLC raised its holdings in shares of Stag Industrial by 30.1% in the 4th quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust's stock valued at $305,224,000 after acquiring an additional 2,088,839 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Stag Industrial during the fourth quarter worth about $57,561,000. Finally, Cbre Investment Management Listed Real Assets LLC grew its stake in Stag Industrial by 152.1% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,938,350 shares of the real estate investment trust's stock worth $70,013,000 after buying an additional 1,169,533 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

Stag Industrial Trading Down 0.0%

Shares of STAG traded down $0.02 during mid-day trading on Friday, reaching $36.84. 1,051,351 shares of the company were exchanged, compared to its average volume of 1,268,779. The business has a 50 day simple moving average of $34.78 and a two-hundred day simple moving average of $34.61. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $6.88 billion, a PE ratio of 27.70 and a beta of 0.94. Stag Industrial has a 52 week low of $28.61 and a 52 week high of $41.63.

Stag Industrial (NYSE:STAG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. Stag Industrial had a net margin of 31.05% and a return on equity of 7.04%. The company had revenue of $205.57 million for the quarter, compared to analyst estimates of $202.04 million. During the same period in the prior year, the firm posted $0.59 EPS. The company's quarterly revenue was up 9.7% on a year-over-year basis. On average, analysts predict that Stag Industrial will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.1242 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 4.37%. Stag Industrial's payout ratio is 112.03%.

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.