STAG Industrial, Inc. (NYSE:STAG) Receives $41.22 Consensus Price Target from Brokerages

STAG Industrial, Inc. (NYSE:STAG) has received a consensus recommendation of “Hold” from the nine analysts that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $41.22.

A number of equities analysts recently issued reports on STAG shares. Wedbush lifted their target price on STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Wells Fargo & Company increased their price target on STAG Industrial from $37.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Evercore ISI upped 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. Finally, Barclays raised their target price 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.

STAG Industrial Trading Up 0.2 %

Shares of NYSE:STAG opened at $38.54 on Monday. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of 38.54 and a beta of 1.09. STAG Industrial has a 1-year low of $31.69 and a 1-year high of $41.63. The company has a 50 day moving average price of $39.19 and a 200 day moving average price of $37.43. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.60 and a current ratio of 1.60.

STAG Industrial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.1233 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.84%. STAG Industrial’s dividend payout ratio is 148.00%.

Insider Buying and Selling

In other STAG Industrial news, Director Benjamin S. Butcher sold 34,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $40.78, for a total value of $1,386,520.00. Following the transaction, the director now owns 8,758 shares in the company, valued at approximately $357,151.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of STAG Industrial

A number of institutional investors have recently bought and sold shares of the company. Daiwa Securities Group Inc. lifted its holdings in shares of STAG Industrial by 89.5% during the 1st quarter. Daiwa Securities Group Inc. now owns 1,268,181 shares of the real estate investment trust’s stock valued at $48,749,000 after buying an additional 598,788 shares during the last quarter. Ceredex Value Advisors LLC acquired a new stake in STAG Industrial in the second quarter valued at approximately $13,188,000. Bessemer Group Inc. grew its position in STAG Industrial by 69.3% in the first quarter. Bessemer Group Inc. now owns 785,916 shares of the real estate investment trust’s stock worth $30,211,000 after acquiring an additional 321,785 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in STAG Industrial by 14.5% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,660,562 shares of the real estate investment trust’s stock worth $63,832,000 after acquiring an additional 209,670 shares in the last quarter. Finally, F M Investments LLC acquired a new position in shares of STAG Industrial during the 2nd quarter worth $6,534,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

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.