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

Stag Industrial, Inc. (NYSE:STAG - Get Free Report) has been assigned a consensus rating of "Hold" from the seven analysts that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $39.71.

STAG has been the topic of a number of analyst reports. Robert W. Baird decreased their price target on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Raymond James Financial boosted their target price on Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $38.00 target price on shares of Stag Industrial in a research report on Monday, May 19th.

Stag Industrial Stock Up 1.0%

Shares of NYSE STAG traded up $0.35 during midday trading on Wednesday, hitting $35.63. 1,254,624 shares of the company's stock were exchanged, compared to its average volume of 1,281,757. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.25 and a quick ratio of 1.25. Stag Industrial has a twelve month low of $28.61 and a twelve month high of $41.63. The company has a market cap of $6.65 billion, a PE ratio of 26.79 and a beta of 0.93. The firm's fifty day simple moving average is $35.95 and its 200-day simple moving average is $34.80.

Stag Industrial (NYSE:STAG - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. The company 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 firm's revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 earnings per share. Research analysts predict that Stag Industrial will post 2.47 EPS for the current fiscal year.

Stag Industrial Announces Dividend

The firm 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 4.22%. Stag Industrial's dividend payout ratio (DPR) is presently 112.03%.

Insider Activity at Stag Industrial

In other Stag Industrial news, Director Benjamin S. Butcher sold 28,843 shares of the firm's 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 transaction, the director directly owned 7,115 shares in the company, valued at $262,543.50. This trade represents a 80.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of STAG. First Hawaiian Bank raised its position in shares of Stag Industrial by 1.5% during the 1st quarter. First Hawaiian Bank now owns 19,132 shares of the real estate investment trust's stock valued at $691,000 after acquiring an additional 289 shares during the last quarter. Signaturefd LLC raised its position in shares of Stag Industrial by 14.0% during the 1st quarter. Signaturefd LLC now owns 2,586 shares of the real estate investment trust's stock valued at $93,000 after acquiring an additional 317 shares during the last quarter. Synovus Financial Corp raised its position in shares of Stag Industrial by 1.8% during the 4th quarter. Synovus Financial Corp now owns 21,695 shares of the real estate investment trust's stock valued at $734,000 after acquiring an additional 377 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Stag Industrial by 6.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 6,773 shares of the real estate investment trust's stock valued at $229,000 after acquiring an additional 387 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of Stag Industrial by 2.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 15,808 shares of the real estate investment trust's stock valued at $535,000 after acquiring an additional 394 shares during the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

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.