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

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

A number of brokerages have issued reports on STAG. Robert W. Baird decreased their price target on STAG Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Royal Bank of Canada reissued a "sector perform" rating and issued a $38.00 price target on shares of STAG Industrial in a report on Monday, May 19th. Finally, Raymond James boosted their price target on STAG Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th.

Institutional Trading of STAG Industrial

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc increased its position in shares of STAG Industrial by 204.9% during the first quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 506 shares in the last quarter. Tsfg LLC purchased a new stake in shares of STAG Industrial during the first quarter worth approximately $32,000. Garde Capital Inc. purchased a new stake in shares of STAG Industrial during the first quarter worth approximately $33,000. Avalon Trust Co purchased a new stake in shares of STAG Industrial during the first quarter worth approximately $36,000. Finally, Keystone Global Partners LLC purchased a new stake in shares of STAG Industrial during the first quarter worth approximately $41,000. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

STAG Industrial Stock Performance

NYSE:STAG traded up $0.42 during trading hours on Tuesday, reaching $35.90. The company had a trading volume of 1,373,590 shares, compared to its average volume of 1,232,578. STAG Industrial has a 1-year low of $28.61 and a 1-year high of $41.63. The firm has a market cap of $6.70 billion, a PE ratio of 34.52 and a beta of 0.93. The business's 50 day moving average price is $33.73 and its 200-day moving average price is $34.66. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36.

STAG Industrial (NYSE:STAG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 period in the previous year, the company posted $0.59 earnings per share. STAG Industrial's revenue for the quarter was up 9.7% on a year-over-year basis. Research analysts forecast that STAG Industrial will post 2.47 EPS for the current year.

STAG Industrial Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $0.1242 dividend. This represents a dividend yield of 4.37%. The ex-dividend date is Friday, May 30th. STAG Industrial's dividend payout ratio (DPR) is presently 112.03%.

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.