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

Shares of STAG Industrial, Inc. (NYSE:STAG) have earned an average rating of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $40.38.

Several brokerages have recently weighed in on STAG. Wells Fargo & Company decreased their price objective on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Royal Bank of Canada cut their price objective on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research report on Monday, January 27th. Barclays dropped their target price on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 28th. Finally, Raymond James boosted their target price on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Pennington Partners & CO. LLC bought a new position in shares of STAG Industrial during the 4th quarter worth approximately $616,000. Mercer Global Advisors Inc. ADV raised its position in shares of STAG Industrial by 29.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 30,738 shares of the real estate investment trust’s stock valued at $1,040,000 after purchasing an additional 6,963 shares during the period. Northern Trust Corp raised its position in shares of STAG Industrial by 33.3% in the fourth quarter. Northern Trust Corp now owns 2,090,046 shares of the real estate investment trust’s stock valued at $70,685,000 after purchasing an additional 522,568 shares during the period. Quarry LP bought a new position in shares of STAG Industrial in the fourth quarter valued at about $62,000. Finally, Earnest Partners LLC increased its position in STAG Industrial by 6.6% during the fourth quarter. Earnest Partners LLC now owns 3,795,425 shares of the real estate investment trust’s stock worth $128,361,000 after acquiring an additional 235,622 shares during the period. 88.67% of the stock is currently owned by institutional investors.

STAG Industrial Stock Down 0.8 %

STAG opened at $35.07 on Friday. STAG Industrial has a fifty-two week low of $32.27 and a fifty-two week high of $41.63. The business has a 50-day moving average of $34.32 and a 200-day moving average of $36.97. 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 company has a market capitalization of $6.39 billion, a PE ratio of 35.42 and a beta of 1.09.

STAG Industrial (NYSE:STAG) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.43. STAG Industrial had a return on equity of 5.27% and a net margin of 23.94%. Equities research analysts forecast that STAG Industrial will post 2.41 EPS for the current fiscal year.

STAG Industrial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.1242 per share. This represents a $1.49 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend is Monday, March 31st. STAG Industrial’s dividend payout ratio is 150.51%.

STAG Industrial Company Profile

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.