STAG Industrial, Inc. (NYSE:STAG) Given Average Rating of “Hold” by Analysts

Shares of STAG Industrial, Inc. (NYSE:STAG) have earned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $41.13.

STAG has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price objective on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Evercore ISI lifted their target price on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Wedbush lifted their target price on shares of STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, Barclays cut their target price on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th.

STAG Industrial Price Performance

STAG stock opened at $36.41 on Tuesday. The firm has a 50 day moving average price of $37.55 and a 200-day moving average price of $37.72. STAG Industrial has a 52-week low of $34.09 and a 52-week high of $41.63. The firm has a market capitalization of $6.63 billion, a price-to-earnings ratio of 36.78 and a beta of 1.09. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42.

STAG Industrial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.1233 dividend. This represents a $1.48 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial’s payout ratio is currently 149.49%.

Institutional Trading of STAG Industrial

Several hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC lifted its stake in STAG Industrial by 122.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 21,583 shares of the real estate investment trust’s stock worth $787,000 after purchasing an additional 11,859 shares in the last quarter. Coldstream Capital Management Inc. raised its position in shares of STAG Industrial by 4.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 54,517 shares of the real estate investment trust’s stock valued at $2,131,000 after buying an additional 2,306 shares in the last quarter. Geode Capital Management LLC raised its position in shares of STAG Industrial by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust’s stock valued at $133,077,000 after buying an additional 21,925 shares in the last quarter. Guardian Wealth Management Inc. raised its position in shares of STAG Industrial by 2.1% during the 3rd quarter. Guardian Wealth Management Inc. now owns 46,446 shares of the real estate investment trust’s stock valued at $1,816,000 after buying an additional 965 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in shares of STAG Industrial by 1.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 331,990 shares of the real estate investment trust’s stock valued at $12,977,000 after buying an additional 3,944 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

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.