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

Shares of STAG Industrial, Inc. (NYSE:STAG) have earned a consensus recommendation of “Hold” from the eight research firms that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $41.13.

STAG has been the topic of several analyst reports. Wedbush lifted 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. Evercore ISI increased their price objective on shares of STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Barclays dropped their target price on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Finally, Wells Fargo & Company lowered their price target 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.

STAG Industrial Stock Down 2.7 %

Shares of STAG Industrial stock opened at $36.13 on Friday. 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 has a 1-year low of $34.09 and a 1-year high of $41.63. The business has a 50-day moving average of $38.20 and a 200-day moving average of $37.58. The company has a market capitalization of $6.58 billion, a PE ratio of 36.49 and a beta of 1.09.

STAG Industrial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.1233 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date is Tuesday, December 31st. STAG Industrial’s payout ratio is 149.49%.

Institutional Trading of STAG Industrial

Several hedge funds have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of STAG Industrial during the first quarter valued at approximately $3,222,000. Centersquare Investment Management LLC boosted its position in STAG Industrial by 24.9% during the 1st quarter. Centersquare Investment Management LLC now owns 129,800 shares of the real estate investment trust’s stock worth $4,990,000 after acquiring an additional 25,844 shares during the period. Westfield Capital Management Co. LP grew its stake in shares of STAG Industrial by 12.3% in the first quarter. Westfield Capital Management Co. LP now owns 967,485 shares of the real estate investment trust’s stock worth $37,190,000 after purchasing an additional 106,217 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of STAG Industrial by 763.9% during the first quarter. Cetera Investment Advisers now owns 70,788 shares of the real estate investment trust’s stock valued at $2,721,000 after purchasing an additional 62,594 shares during the period. Finally, Earnest Partners LLC raised its stake in shares of STAG Industrial by 2.2% during the second quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust’s stock valued at $131,727,000 after purchasing an additional 78,189 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

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.