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

Key Points

• Analysts maintain a “Hold” consensus on Stag Industrial, with six hold, three buy and one sell rating; the average 12-month price target is $50.50.
• Stag Industrial reported quarterly EPS of $0.28, missing the $0.65 consensus estimate, while revenue rose 8.1% year over year to $224.37 million.
• The REIT declared a quarterly dividend of $0.3875, equivalent to a 4.3% annualized yield, while institutional investors own approximately 88.67% of its shares.

Stag Industrial, Inc. (NYSE:STAG - Get Free Report) has received a consensus rating of "Hold" from the ten ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $50.50.

Several brokerages have recently weighed in on STAG. Weiss Ratings reiterated a "buy (b-)" rating on shares of Stag Industrial in a research note on Friday, July 31st. Robert W. Baird set a $138.00 target price on Stag Industrial in a research report on Friday, July 31st. Wall Street Zen upgraded Stag Industrial from a "sell" rating to a "hold" rating in a research report on Sunday. Evercore reissued an "outperform" rating and set a $44.00 target price on shares of Stag Industrial in a research note on Wednesday, April 29th. Finally, Wells Fargo & Company reduced their price target on Stag Industrial from $41.00 to $40.00 and set an "equal weight" rating for the company in a report on Monday, June 1st.

Stag Industrial Stock Down 0.5%

STAG stock opened at $36.39 on Thursday. The company has a market cap of $7.02 billion, a price-to-earnings ratio of 28.00 and a beta of 0.96. The company has a fifty day moving average price of $38.74 and a 200 day moving average price of $38.35. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.76 and a quick ratio of 1.76. Stag Industrial has a 12 month low of $34.40 and a 12 month high of $42.61.

Stag Industrial (NYSE:STAG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.37). The business had revenue of $224.37 million for the quarter, compared to analysts' expectations of $223.04 million. Stag Industrial had a return on equity of 6.79% and a net margin of 28.04%.The company's revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.63 earnings per share. Sell-side analysts expect that Stag Industrial will post 2.63 earnings per share for the current year.

Stag Industrial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.3875 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.55 annualized dividend and a yield of 4.3%. Stag Industrial's dividend payout ratio is presently 119.23%.

Institutional Investors Weigh In On Stag Industrial

A number of hedge funds and other institutional investors have recently bought and sold shares of STAG. BlackRock Inc. purchased a new stake in Stag Industrial during the second quarter worth about $1,097,126,000. Norges Bank acquired a new position in Stag Industrial during the fourth quarter worth about $295,644,000. Bank of New York Mellon Corp purchased a new position in Stag Industrial in the second quarter valued at about $58,805,000. Bank of America Corp DE purchased a new position in Stag Industrial in the second quarter valued at about $55,184,000. Finally, Jupiter Topco LLC acquired a new stake in shares of Stag Industrial during the 2nd quarter valued at approximately $43,461,000. Institutional investors and hedge funds own 88.67% of the company's stock.

About Stag Industrial

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company's portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.

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