Brokerages Set Stag Industrial Inc (STAG) Price Target at $28.25

Stag Industrial Inc (NYSE:STAG) has been assigned an average rating of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $28.25.

A number of analysts recently commented on STAG shares. Zacks Investment Research upgraded Stag Industrial from a “sell” rating to a “hold” rating in a research report on Friday, November 16th. Raymond James dropped their price objective on Stag Industrial from $29.50 to $28.50 and set an “outperform” rating for the company in a research report on Monday, November 5th.

NYSE:STAG opened at $26.79 on Thursday. The firm has a market cap of $2.92 billion, a PE ratio of 15.14, a PEG ratio of 3.04 and a beta of 1.02. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.85 and a quick ratio of 0.85. Stag Industrial has a 52-week low of $22.42 and a 52-week high of $29.07.

Stag Industrial (NYSE:STAG) last released its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.38). The firm had revenue of $89.00 million for the quarter, compared to analyst estimates of $87.49 million. Stag Industrial had a return on equity of 3.74% and a net margin of 14.96%. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last year, the firm earned $0.43 EPS. On average, analysts expect that Stag Industrial will post 1.77 EPS for the current fiscal year.

The company also recently disclosed a dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be paid a $0.118 dividend. This is a positive change from Stag Industrial’s previous dividend of $0.12. The ex-dividend date of this dividend is Thursday, November 29th. Stag Industrial’s payout ratio is currently 84.02%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in STAG. Frontier Capital Management Co. LLC acquired a new position in shares of Stag Industrial in the 2nd quarter valued at about $45,939,000. BlackRock Inc. lifted its stake in shares of Stag Industrial by 16.8% in the 3rd quarter. BlackRock Inc. now owns 10,827,026 shares of the real estate investment trust’s stock valued at $297,742,000 after purchasing an additional 1,559,294 shares in the last quarter. Janus Henderson Group PLC acquired a new position in shares of Stag Industrial in the 2nd quarter valued at about $41,477,000. Victory Capital Management Inc. acquired a new position in shares of Stag Industrial in the 2nd quarter valued at about $30,312,000. Finally, Vanguard Group Inc. lifted its stake in shares of Stag Industrial by 5.8% in the 3rd quarter. Vanguard Group Inc. now owns 14,841,260 shares of the real estate investment trust’s stock valued at $408,135,000 after purchasing an additional 813,941 shares in the last quarter. 83.61% of the stock is currently owned by institutional investors and hedge funds.

Stag Industrial Company Profile

STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (“REIT”) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.

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Analyst Recommendations for Stag Industrial (NYSE:STAG)

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