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

Shares of STAG Industrial, Inc. (NYSE:STAG) have been given an average recommendation of “Hold” by the nine research firms that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $41.00.

STAG has been the subject of a number of research reports. Wells Fargo & Company lowered their target price on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Raymond James increased their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, Barclays dropped their price objective on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th.

Institutional Trading of STAG Industrial

Several hedge funds and other institutional investors have recently bought and sold shares of STAG. UMB Bank n.a. boosted its holdings 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 valued at $34,000 after buying an additional 306 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in STAG Industrial during the second quarter valued at approximately $38,000. Coastline Trust Co acquired a new stake in STAG Industrial in the third quarter valued at approximately $55,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in STAG Industrial in the second quarter worth $57,000. Finally, GAMMA Investing LLC increased its position in shares of STAG Industrial by 72.7% during the third quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 659 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

STAG Industrial Trading Down 1.2 %

Shares of STAG opened at $33.86 on Friday. STAG Industrial has a 1 year low of $33.18 and a 1 year high of $41.63. The company has a 50 day simple moving average of $36.32 and a two-hundred day simple moving average of $37.68. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market cap of $6.17 billion, a P/E ratio of 34.20 and a beta of 1.07.

STAG Industrial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.1233 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 4.37%. STAG Industrial’s payout ratio is presently 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.