STAG Industrial (NYSE:STAG - Free Report) had its price objective cut by Raymond James from $40.00 to $36.00 in a report released on Monday morning,Benzinga reports. They currently have an outperform rating on the real estate investment trust's stock.
A number of other equities analysts also recently issued reports on the stock. Barclays cut their price target on shares of STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a report on Tuesday, January 28th. Royal Bank of Canada dropped their price target on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating for the company in a research report on Monday, January 27th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, STAG Industrial currently has a consensus rating of "Hold" and an average target price of $39.57.
Get Our Latest Report on STAG Industrial
STAG Industrial Stock Performance
Shares of STAG stock traded up $0.64 during mid-day trading on Monday, hitting $33.15. 1,047,173 shares of the stock were exchanged, compared to its average volume of 1,195,521. STAG Industrial has a 12-month low of $28.61 and a 12-month high of $41.63. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a market capitalization of $6.19 billion, a price-to-earnings ratio of 31.88 and a beta of 0.96. The stock's fifty day simple moving average is $34.61 and its two-hundred day simple moving average is $35.34.
STAG Industrial (NYSE:STAG - Get Free Report) last announced its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. On average, analysts forecast that STAG Industrial will post 2.47 EPS for the current year.
STAG Industrial Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.1242 per share. This represents a $1.49 annualized dividend and a dividend yield of 4.49%. The ex-dividend date is Monday, June 30th. STAG Industrial's payout ratio is 143.27%.
Insider Buying and Selling at STAG Industrial
In other news, Director Benjamin S. Butcher sold 50,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the transaction, the director now directly owns 9,632 shares in the company, valued at $338,083.20. This represents a 83.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by insiders.
Hedge Funds Weigh In On STAG Industrial
A number of hedge funds have recently made changes to their positions in STAG. Versant Capital Management Inc boosted its holdings in STAG Industrial by 204.9% in the first quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 506 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new stake in shares of STAG Industrial during the 4th quarter worth about $43,000. Quarry LP acquired a new stake in STAG Industrial during the 4th quarter worth approximately $62,000. Hilltop National Bank raised its holdings in STAG Industrial by 19.2% in the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust's stock valued at $76,000 after buying an additional 362 shares during the period. Finally, UMB Bank n.a. grew its stake in STAG Industrial by 175.3% during the first quarter. UMB Bank n.a. now owns 2,907 shares of the real estate investment trust's stock worth $105,000 after buying an additional 1,851 shares during the period. Institutional investors and hedge funds own 88.67% of the company's stock.
STAG Industrial Company Profile
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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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