STAG Industrial, Inc. (NYSE:STAG – Free Report) – Wedbush increased their FY2025 earnings per share estimates for STAG Industrial in a research note issued to investors on Monday, November 11th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will post earnings per share of $2.55 for the year, up from their prior forecast of $2.54. Wedbush has a “Outperform” rating and a $45.00 price target on the stock. The consensus estimate for STAG Industrial’s current full-year earnings is $2.39 per share.
A number of other equities research analysts have also recently commented on STAG. Evercore ISI increased their target price on shares of 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 decreased their price objective on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Finally, Barclays dropped their target price on 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. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $41.13.
STAG Industrial Stock Performance
STAG stock opened at $37.14 on Tuesday. The firm has a 50-day simple moving average of $38.27 and a two-hundred day simple moving average of $37.59. 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 has a one year low of $34.09 and a one year high of $41.63. The firm has a market cap of $6.77 billion, a price-to-earnings ratio of 37.52 and a beta of 1.09.
Institutional Trading of STAG Industrial
A number of hedge funds have recently modified their holdings of STAG. SG Americas Securities LLC boosted its position in STAG Industrial by 1,527.8% in the 1st quarter. SG Americas Securities LLC now owns 64,118 shares of the real estate investment trust’s stock worth $2,465,000 after purchasing an additional 60,179 shares in the last quarter. Swiss National Bank grew its position in STAG Industrial by 1.2% during the first quarter. Swiss National Bank now owns 358,500 shares of the real estate investment trust’s stock valued at $13,781,000 after buying an additional 4,400 shares during the period. Sei Investments Co. grew its position in STAG Industrial by 1.9% during the first quarter. Sei Investments Co. now owns 516,165 shares of the real estate investment trust’s stock valued at $19,841,000 after buying an additional 9,857 shares during the period. Heritage Wealth Advisors raised its position in shares of STAG Industrial by 85.8% in the first quarter. Heritage Wealth Advisors now owns 1,115 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 515 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of STAG Industrial by 2.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 110,930 shares of the real estate investment trust’s stock worth $4,264,000 after acquiring an additional 3,015 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.
STAG Industrial Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.1233 dividend. This represents a $1.48 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial’s payout ratio is 149.49%.
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.
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