Analysts Set STAG Industrial, Inc. (NYSE:STAG) Price Target at $41.22

STAG Industrial, Inc. (NYSE:STAG) has received an average rating of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $41.22.

A number of equities analysts have recently commented on STAG shares. Wedbush increased their price target on shares of STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Wells Fargo & Company increased their target price on STAG Industrial from $37.00 to $41.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Barclays lifted their price target on STAG Industrial from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 14th. Finally, Evercore ISI increased their price objective on STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th.

Insider Buying and Selling

In related news, Director Benjamin S. Butcher sold 34,000 shares of STAG Industrial stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $40.78, for a total value of $1,386,520.00. Following the transaction, the director now directly owns 8,758 shares of the company’s stock, valued at $357,151.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On STAG Industrial

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. J.Safra Asset Management Corp boosted its position in shares of STAG Industrial by 708.5% during the first quarter. J.Safra Asset Management Corp now owns 663 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 581 shares in the last quarter. Centerpoint Advisors LLC bought a new stake in shares of STAG Industrial during the 2nd quarter valued at $25,000. Fidelis Capital Partners LLC bought a new stake in shares of STAG Industrial during the 1st quarter valued at $29,000. GAMMA Investing LLC grew its position in shares of STAG Industrial by 56.1% in the 2nd quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 326 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of STAG Industrial by 54.1% in the 3rd quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 306 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

STAG Industrial Price Performance

STAG Industrial stock opened at $39.12 on Monday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.82. The business has a 50-day simple moving average of $39.23 and a 200 day simple moving average of $37.42. The stock has a market cap of $7.12 billion, a price-to-earnings ratio of 39.12 and a beta of 1.09. STAG Industrial has a 52 week low of $31.69 and a 52 week high of $41.63.

STAG Industrial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.1233 per share. This represents a $1.48 annualized dividend and a yield of 3.78%. The ex-dividend date is Tuesday, December 31st. STAG Industrial’s dividend payout ratio is presently 148.00%.

STAG Industrial Company Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.