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

Shares of Stag Industrial, Inc. (NYSE:STAG - Get Free Report) have received an average rating of "Hold" from the seven analysts that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $39.71.

STAG has been the topic of a number of research analyst reports. 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 research note on Wednesday, May 7th. Robert W. Baird cut their price objective 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, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $38.00 price objective on shares of Stag Industrial in a report on Monday, May 19th.

Stag Industrial Stock Performance

Shares of NYSE:STAG traded down $0.43 during midday trading on Wednesday, reaching $35.45. 807,060 shares of the company traded hands, compared to its average volume of 1,284,420. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.86. Stag Industrial has a 12 month low of $28.61 and a 12 month high of $41.63. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 26.59 and a beta of 0.93. The firm's fifty day moving average price is $35.90 and its two-hundred day moving average price is $34.77.

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

Stag Industrial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.1242 per share. This represents a $1.49 annualized dividend and a yield of 4.20%. The ex-dividend date is Tuesday, September 30th. Stag Industrial's dividend payout ratio is presently 112.03%.

Insiders Place Their Bets

In related news, Director Benjamin S. Butcher sold 28,843 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the completion of the sale, the director directly owned 7,115 shares in the company, valued at $262,543.50. This represents a 80.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Stag Industrial

Institutional investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas boosted its holdings in Stag Industrial by 55.3% during the 1st quarter. Teacher Retirement System of Texas now owns 39,735 shares of the real estate investment trust's stock valued at $1,435,000 after acquiring an additional 14,155 shares during the period. Principal Financial Group Inc. raised its position in Stag Industrial by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 429,045 shares of the real estate investment trust's stock valued at $15,497,000 after purchasing an additional 11,408 shares during the last quarter. Swiss National Bank raised its position in Stag Industrial by 0.8% during the 4th quarter. Swiss National Bank now owns 358,200 shares of the real estate investment trust's stock valued at $12,114,000 after purchasing an additional 2,800 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Stag Industrial by 4.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,711 shares of the real estate investment trust's stock valued at $459,000 after purchasing an additional 571 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Stag Industrial during the 4th quarter valued at approximately $1,276,000. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

About Stag Industrial

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.