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

Shares of STAG Industrial, Inc. (NYSE:STAG - Get Free Report) have received a consensus rating of "Hold" from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $39.63.

Several research analysts recently commented on the company. Raymond James boosted their price target on STAG Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research note on Wednesday. Barclays reduced their price target on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 28th. Royal Bank of Canada decreased their price target on shares of STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a research report on Monday, January 27th. Finally, Robert W. Baird reduced 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.

STAG Industrial Stock Performance

Shares of STAG Industrial stock traded up $0.23 during trading hours on Friday, hitting $33.42. 2,017,748 shares of the company were exchanged, compared to its average volume of 1,197,517. The stock has a market capitalization of $6.24 billion, a price-to-earnings ratio of 32.13 and a beta of 0.93. The business has a 50-day moving average of $34.01 and a 200-day moving average of $34.92. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. STAG Industrial has a 1 year low of $28.61 and a 1 year high of $41.63.

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 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. The company had revenue of $205.57 million during the quarter, compared to the consensus estimate of $202.04 million. During the same quarter last year, the business posted $0.59 earnings per share. STAG Industrial's revenue was up 9.7% compared to the same quarter last year. As a group, analysts expect that STAG Industrial will post 2.47 EPS for the current fiscal year.

STAG Industrial Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.1242 per share. This represents a $1.49 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date is Monday, June 30th. STAG Industrial's dividend payout ratio (DPR) is presently 112.03%.

Insider Activity

In other news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the completion of the sale, the director now owns 9,632 shares of the company's stock, valued at approximately $338,083.20. This trade represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On STAG Industrial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Swiss National Bank lifted its holdings 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 worth $12,114,000 after buying an additional 2,800 shares during the period. KLP Kapitalforvaltning AS bought a new position in STAG Industrial in the 4th quarter valued at about $1,276,000. Congress Asset Management Co. raised its holdings in shares of STAG Industrial by 10.1% in the fourth quarter. Congress Asset Management Co. now owns 220,929 shares of the real estate investment trust's stock valued at $7,472,000 after purchasing an additional 20,327 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in STAG Industrial by 2.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 359,100 shares of the real estate investment trust's stock valued at $12,159,000 after purchasing an additional 8,259 shares during the period. Finally, US Bancorp DE lifted its stake in STAG Industrial by 1.5% in the fourth quarter. US Bancorp DE now owns 27,107 shares of the real estate investment trust's stock valued at $917,000 after purchasing an additional 402 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors.

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.