Stag Industrial Inc (STAG) Given Average Rating of “Hold” by Brokerages

Shares of Stag Industrial Inc (NYSE:STAG) have been given an average rating of “Hold” by the ten brokerages that are covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $29.25.

Several equities research analysts have issued reports on STAG shares. TheStreet upgraded shares of Stag Industrial from a “c+” rating to a “b” rating in a research report on Thursday, February 21st. LADENBURG THALM/SH SH raised their target price on shares of Stag Industrial from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, February 20th. ValuEngine raised shares of Stag Industrial from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Zacks Investment Research raised shares of Stag Industrial from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Berenberg Bank initiated coverage on shares of Stag Industrial in a report on Tuesday, April 23rd. They set a “hold” rating and a $30.00 target price on the stock.

STAG stock traded down $0.29 during mid-day trading on Thursday, hitting $29.46. 11,432 shares of the company were exchanged, compared to its average volume of 773,599. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $3.74 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 3.34 and a beta of 1.04. Stag Industrial has a 1-year low of $23.24 and a 1-year high of $29.89.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.39). The company had revenue of $95.70 million for the quarter, compared to analyst estimates of $95.19 million. Stag Industrial had a return on equity of 4.63% and a net margin of 19.44%. The company’s revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the business earned $0.43 earnings per share. As a group, research analysts expect that Stag Industrial will post 1.83 EPS for the current year.

The firm also recently announced a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.1192 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.43 annualized dividend and a dividend yield of 4.85%. Stag Industrial’s dividend payout ratio is presently 79.89%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in Stag Industrial by 51.2% in the third quarter. JPMorgan Chase & Co. now owns 262,271 shares of the real estate investment trust’s stock valued at $7,212,000 after acquiring an additional 88,854 shares during the last quarter. Morgan Stanley increased its stake in Stag Industrial by 12.2% in the third quarter. Morgan Stanley now owns 517,427 shares of the real estate investment trust’s stock valued at $14,229,000 after acquiring an additional 56,140 shares during the last quarter. Vanguard Group Inc increased its stake in Stag Industrial by 5.8% in the third quarter. Vanguard Group Inc now owns 14,841,260 shares of the real estate investment trust’s stock valued at $408,135,000 after acquiring an additional 813,941 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Stag Industrial by 7.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 30,070 shares of the real estate investment trust’s stock valued at $748,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in Stag Industrial by 8.0% in the fourth quarter. Bank of Montreal Can now owns 272,388 shares of the real estate investment trust’s stock valued at $6,777,000 after acquiring an additional 20,114 shares during the last quarter. 75.85% of the stock is currently owned by institutional investors.

About Stag Industrial

STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition, ownership, 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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