STAG Industrial, Inc. (NYSE:STAG) Receives Consensus Rating of “Hold” from Analysts

STAG Industrial, Inc. (NYSE:STAG) has earned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $41.22.

Several analysts have recently issued reports on the company. Evercore ISI upped 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. Wells Fargo & Company raised their price target on shares of STAG Industrial from $37.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Barclays lifted their price target on shares of STAG Industrial from $38.00 to $42.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 14th. BNP Paribas assumed coverage on shares of STAG Industrial in a research note on Tuesday, June 4th. They set a “neutral” rating and a $39.00 price objective on the stock. Finally, Wedbush raised their price objective on STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, August 5th.

Insider Buying and Selling at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 34,000 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $40.78, for a total transaction of $1,386,520.00. Following the transaction, the director now directly owns 8,758 shares in the company, valued at approximately $357,151.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of STAG Industrial

Institutional investors and hedge funds have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. acquired a new position in STAG Industrial during the 2nd quarter valued at about $57,000. American Trust bought a new stake in STAG Industrial during the second quarter worth approximately $226,000. Sanctuary Advisors LLC acquired a new stake in STAG Industrial in the second quarter worth approximately $335,000. Dana Investment Advisors Inc. boosted its stake in STAG Industrial by 2.2% during the 2nd quarter. Dana Investment Advisors Inc. now owns 179,722 shares of the real estate investment trust’s stock valued at $6,481,000 after purchasing an additional 3,784 shares in the last quarter. Finally, Delphi Management Inc. MA increased its position in shares of STAG Industrial by 19.0% during the 2nd quarter. Delphi Management Inc. MA now owns 51,508 shares of the real estate investment trust’s stock valued at $1,857,000 after purchasing an additional 8,220 shares during the period. 88.67% of the stock is owned by institutional investors and hedge funds.

STAG Industrial Price Performance

STAG stock opened at $39.62 on Thursday. The firm has a 50 day moving average of $39.60 and a 200-day moving average of $37.31. The company has a market cap of $7.21 billion, a price-to-earnings ratio of 39.62, a PEG ratio of 4.07 and a beta of 1.09. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.82. STAG Industrial has a 12-month low of $31.69 and a 12-month high of $41.63.

STAG Industrial Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were paid a $0.1233 dividend. This is a boost from STAG Industrial’s previous dividend of $0.12. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a dividend yield of 3.63%. STAG Industrial’s payout ratio is 148.00%.

About STAG Industrial

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.