STAG Industrial, Inc. (NYSE:STAG) Receives Average Recommendation of “Moderate Buy” from Brokerages

STAG Industrial, Inc. (NYSE:STAG) has been assigned an average rating of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $41.00.

A number of research analysts have weighed in on STAG shares. Barclays dropped their price objective on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Wells Fargo & Company dropped their price target on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Finally, Raymond James boosted their price objective on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th.

Institutional Trading of STAG Industrial

Several large investors have recently modified their holdings of STAG. American Century Companies Inc. raised its position in shares of STAG Industrial by 9.0% in the 2nd quarter. American Century Companies Inc. now owns 65,587 shares of the real estate investment trust’s stock worth $2,365,000 after acquiring an additional 5,402 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in STAG Industrial by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,865,673 shares of the real estate investment trust’s stock worth $103,333,000 after purchasing an additional 167,532 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in STAG Industrial by 12.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 11,774 shares of the real estate investment trust’s stock valued at $425,000 after buying an additional 1,274 shares during the period. Hsbc Holdings PLC grew its position in shares of STAG Industrial by 14.6% in the 2nd quarter. Hsbc Holdings PLC now owns 124,487 shares of the real estate investment trust’s stock worth $4,485,000 after buying an additional 15,855 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of STAG Industrial by 63.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,229 shares of the real estate investment trust’s stock worth $80,000 after acquiring an additional 868 shares in the last quarter. 88.67% of the stock is owned by institutional investors.

STAG Industrial Stock Up 2.9 %

Shares of STAG Industrial stock opened at $34.93 on Wednesday. The stock’s 50-day moving average is $35.02 and its 200 day moving average is $37.48. STAG Industrial has a one year low of $32.27 and a one year high of $41.63. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 35.28 and a beta of 1.09. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42.

STAG Industrial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.1242 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date is Monday, March 31st. STAG Industrial’s dividend payout ratio (DPR) is presently 149.49%.

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.