Stag Industrial (NYSE:STAG) Hits New 12-Month High - What's Next?

Key Points

• Stag Industrial reached a new 12-month high with shares trading at $38.54, marking significant growth from the previous close of $38.18.
• The company recently announced a monthly dividend of $0.1242 per share, with an annualized yield of 3.9% and a payout ratio of 117.32%.
• Analysts have set a consensus target price of $38.00 for Stag Industrial, with a mix of ratings including two "Buy" and six "Hold" recommendations.

Stag Industrial, Inc. (NYSE:STAG - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The stock traded as high as $38.46 and last traded at $38.54, with a volume of 2398 shares. The stock had previously closed at $38.18.

Analyst Ratings Changes

Several equities analysts have commented on STAG shares. Industrial Alliance Securities set a $37.00 target price on shares of Stag Industrial in a research report on Wednesday, October 1st. Evercore ISI lifted their target price on shares of Stag Industrial from $40.00 to $41.00 and gave the stock an "outperform" rating in a research report on Monday, September 15th. Weiss Ratings reissued a "hold (c+)" rating on shares of Stag Industrial in a research report on Wednesday, October 8th. Finally, Cantor Fitzgerald assumed coverage on shares of Stag Industrial in a research note on Wednesday, October 1st. They set a "neutral" rating and a $37.00 price target for the company. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, Stag Industrial presently has a consensus rating of "Hold" and a consensus target price of $38.00.

Stag Industrial Price Performance

The business's 50-day moving average price is $35.95 and its 200 day moving average price is $35.21. The stock has a market capitalization of $7.21 billion, a PE ratio of 30.41 and a beta of 0.92. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.31 and a current ratio of 1.31.

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

Stag Industrial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a $0.1242 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a c) annualized dividend and a yield of 3.9%. Stag Industrial's payout ratio is currently 117.32%.

Insider Buying and Selling at Stag Industrial

In other Stag Industrial news, 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 value of $70,540.80. Following the completion of the sale, the director directly owned 38,666 shares of the company's stock, valued at $1,361,043.20. The trade was a 4.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Benjamin S. Butcher sold 25,000 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $36.91, for a total transaction of $922,750.00. Following the sale, the director owned 7,562 shares of the company's stock, valued at approximately $279,113.42. This represents a 76.78% 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.

Institutional Investors Weigh In On Stag Industrial

Several institutional investors and hedge funds have recently added to or reduced their stakes in STAG. Wealth Enhancement Advisory Services LLC boosted its holdings in Stag Industrial by 8.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,255 shares of the real estate investment trust's stock worth $587,000 after purchasing an additional 1,295 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Stag Industrial by 4.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,711 shares of the real estate investment trust's stock valued at $459,000 after purchasing an additional 571 shares during the period. Retirement Systems of Alabama increased its holdings in Stag Industrial by 2.5% in the 1st quarter. Retirement Systems of Alabama now owns 227,072 shares of the real estate investment trust's stock valued at $8,202,000 after acquiring an additional 5,517 shares during the last quarter. PFG Investments LLC increased its holdings in shares of Stag Industrial by 5.4% in the 1st quarter. PFG Investments LLC now owns 8,302 shares of the real estate investment trust's stock worth $300,000 after buying an additional 429 shares during the last quarter. Finally, Garde Capital Inc. bought a new stake in shares of Stag Industrial in the 1st quarter worth about $33,000. Hedge funds and other institutional investors own 88.67% of the company's stock.

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.

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