Stag Industrial (NYSE:STAG) Stock Price Up 4.9% - Time to Buy?

Key Points

• Stag Industrial's stock price increased by 4.9%, closing at $36.03, with trading volume down 45% compared to its average session.
• Equity analysts generally hold a "Hold" rating on Stag Industrial, with price targets ranging from $38.00 to $40.00, reflecting cautious optimism about its growth potential.
• The company recently declared a dividend of $0.1242 per share, translating to a remarkable yield of 422.0%, despite a payout ratio of 117.32%.

Stag Industrial, Inc. (NYSE:STAG - Get Free Report) shot up 4.9% during trading on Tuesday . The stock traded as high as $35.93 and last traded at $36.03. 821,290 shares traded hands during trading, a decline of 45% from the average session volume of 1,488,960 shares. The stock had previously closed at $34.35.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on STAG shares. Evercore ISI increased their target price on shares of Stag Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $38.00 target price on shares of Stag Industrial in a research report on Monday, May 19th. Raymond James Financial lifted their price objective on Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Finally, Robert W. Baird decreased their price objective on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $38.17.

Stag Industrial Stock Performance

The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $6.73 billion, a price-to-earnings ratio of 28.39 and a beta of 0.91. The stock has a 50-day simple moving average of $35.75 and a 200-day simple moving average of $34.99.

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 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.63. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%.The firm had revenue of $207.44 million during the quarter, compared to the consensus estimate of $206.37 million. During the same period in the prior year, the business earned $0.61 EPS. The business's revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts anticipate that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a dividend of $0.1242 per share. This represents a yield of 422.0%. The ex-dividend date of this dividend was Thursday, July 31st. Stag Industrial's payout ratio is 117.32%.

Insider Activity at Stag Industrial

In related news, Director Benjamin S. Butcher sold 28,843 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the sale, the director owned 7,115 shares of the company's stock, valued at $262,543.50. This trade represents a 80.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company's stock.

Institutional Trading of Stag Industrial

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Private Trust Co. NA raised its position in shares of Stag Industrial by 2,183.9% in the second quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust's stock worth $26,000 after acquiring 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 valued at $27,000 after purchasing an additional 506 shares during the last quarter. Chung Wu Investment Group LLC acquired a new position in shares of Stag Industrial in the second quarter worth $29,000. Tsfg LLC acquired a new position in shares of Stag Industrial in the first quarter worth $32,000. Finally, Garde Capital Inc. acquired a new position in shares of Stag Industrial in the first quarter worth $33,000. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

About Stag Industrial

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.