Stag Industrial (NYSE:STAG) Trading Up 4.9% - Here's Why

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) rose 4.9% on Tuesday . The company traded as high as $35.93 and last traded at $36.03. Approximately 821,290 shares were traded during trading, a decline of 45% from the average daily volume of 1,488,960 shares. The stock had previously closed at $34.35.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on STAG shares. Royal Bank Of Canada restated a "sector perform" rating and issued a $38.00 price objective on shares of Stag Industrial in a report on Monday, May 19th. Raymond James Financial boosted their price target on shares of Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Evercore ISI upped their price objective 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. Finally, Robert W. Baird lowered their price objective on shares of Stag Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a research 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 MarketBeat.com, Stag Industrial presently has an average rating of "Hold" and an average target price of $38.17.

Stag Industrial Price Performance

The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market capitalization of $6.86 billion, a PE ratio of 28.93 and a beta of 0.91. The stock's 50 day simple moving average is $35.70 and its 200-day simple moving average is $35.04.

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

Stag Industrial Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be paid a dividend of $0.1242 per share. The ex-dividend date is Friday, August 29th. This represents a yield of 429.0%. Stag Industrial's dividend payout ratio is 117.32%.

Insider Transactions at Stag Industrial

In other Stag Industrial news, Director Benjamin S. Butcher sold 28,843 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the sale, the director directly owned 7,115 shares in the company, valued at $262,543.50. This represents a 80.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by company insiders.

Institutional Trading of Stag Industrial

A number of institutional investors and hedge funds have recently bought and sold shares of STAG. Jump Financial LLC purchased a new stake in Stag Industrial during the fourth quarter worth about $376,000. NewEdge Advisors LLC increased its stake in shares of Stag Industrial by 24.7% during the fourth quarter. NewEdge Advisors LLC now owns 8,461 shares of the real estate investment trust's stock worth $286,000 after buying an additional 1,676 shares during the period. First Trust Advisors LP increased its stake in shares of Stag Industrial by 12.1% during the fourth quarter. First Trust Advisors LP now owns 64,559 shares of the real estate investment trust's stock worth $2,183,000 after buying an additional 6,969 shares during the period. MetLife Investment Management LLC increased its stake in shares of Stag Industrial by 8.4% during the fourth quarter. MetLife Investment Management LLC now owns 108,042 shares of the real estate investment trust's stock worth $3,654,000 after buying an additional 8,413 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of Stag Industrial by 65.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,696 shares of the real estate investment trust's stock worth $463,000 after buying an additional 5,411 shares during the period. 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.