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

Key Points

• Stag Industrial, Inc. has received a consensus rating of "Hold" from six research firms, with an average 1-year price target of $38.33.
• The company recently announced a monthly dividend of $0.1242, reflecting an annualized yield of 4.3%.
• Stag Industrial's shares opened at $34.87, with a 12-month range between $28.61 and $39.68.

Stag Industrial, Inc. (NYSE:STAG - Get Free Report) has earned an average recommendation of "Hold" from the six research firms that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $38.3333.

Separately, Evercore ISI boosted their target price on shares of Stag Industrial from $40.00 to $41.00 and gave the company an "outperform" rating in a research note on Monday, September 15th.

Stag Industrial Stock Performance

Shares of NYSE STAG opened at $34.87 on Monday. The company has a current ratio of 1.31, a quick ratio of 1.31 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 $39.68. The company has a 50 day simple moving average of $35.59 and a two-hundred day simple moving average of $35.10. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 27.46 and a beta of 0.94.

Stag Industrial (NYSE:STAG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.63 EPS for the quarter, meeting the consensus estimate of $0.63. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The business had revenue of $207.44 million during the quarter, compared to analysts' expectations of $206.37 million. During the same period in the previous year, the business posted $0.61 EPS. The business's quarterly revenue was up 9.4% compared to the same quarter last year. As a group, analysts predict that Stag Industrial will post 2.47 earnings per share for the current year.

Stag Industrial Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a $0.1242 dividend. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Friday, August 29th. Stag Industrial's payout ratio is currently 117.32%.

Insider Buying and Selling at Stag Industrial

In related news, Director Benjamin S. Butcher sold 25,000 shares of the business's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $36.91, for a total value of $922,750.00. Following the completion of the transaction, the director directly owned 7,562 shares in the company, valued at $279,113.42. The trade was a 76.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Larry T. Guillemette sold 2,004 shares of the business's stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $35.20, for a total transaction of $70,540.80. Following the completion of the transaction, the director owned 38,666 shares of the company's stock, valued at approximately $1,361,043.20. This represents a 4.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Stag Industrial

Large investors have recently made changes to their positions in the company. Private Trust Co. NA lifted its stake in shares of Stag Industrial by 2,183.9% in the 2nd quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 677 shares during the period. Versant Capital Management Inc increased its holdings in Stag Industrial by 204.9% in the 1st quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 506 shares in the last quarter. Chung Wu Investment Group LLC purchased a new stake in Stag Industrial in the 2nd quarter worth $29,000. Tsfg LLC purchased a new stake in Stag Industrial in the 1st quarter worth $32,000. Finally, Garde Capital Inc. purchased a new stake in Stag Industrial in the 1st quarter worth $33,000. 88.67% of the stock is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.