Analysts Set Stag Industrial, Inc. (NYSE:STAG) PT at $38.00

Stag Industrial, Inc. (NYSE:STAG) has been assigned a consensus rating of “Hold” from the eight analysts that are currently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $38.00.

STAG has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Stag Industrial in a research note on Friday. Evercore ISI increased their price target on Stag Industrial from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Cantor Fitzgerald assumed coverage on Stag Industrial in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $37.00 target price on the stock. Finally, Industrial Alliance Securities set a $37.00 target price on Stag Industrial in a research report on Wednesday, October 1st.

Stag Industrial Trading Down 0.1%

Shares of Stag Industrial stock opened at $38.61 on Friday. Stag Industrial has a fifty-two week low of $28.61 and a fifty-two week high of $39.01. The firm has a market cap of $7.21 billion, a PE ratio of 30.40 and a beta of 0.92. The business’s fifty day moving average is $36.34 and its two-hundred day moving average is $35.46. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.86.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.63. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%.The company had revenue of $207.44 million for the quarter, compared to analyst estimates of $206.37 million. During the same quarter in the prior year, the company posted $0.61 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. Analysts anticipate that Stag Industrial will post 2.47 earnings per share for the current year.

Stag Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a $0.1242 dividend. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, December 31st. Stag Industrial’s dividend payout ratio (DPR) is 117.32%.

Insider Buying and Selling at Stag Industrial

In related news, Director Benjamin S. Butcher sold 25,000 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $36.91, for a total value of $922,750.00. Following the transaction, the director directly owned 7,562 shares of the company’s stock, valued at approximately $279,113.42. This trade represents a 76.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Larry T. Guillemette sold 2,004 shares of the stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $35.20, for a total value of $70,540.80. Following the completion of the transaction, the director directly owned 38,666 shares in the company, valued at $1,361,043.20. This trade represents a 4.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in STAG. Wealth Enhancement Advisory Services LLC raised its position in Stag Industrial by 8.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,255 shares of the real estate investment trust’s stock valued at $587,000 after purchasing an additional 1,295 shares during the period. Janney Montgomery Scott LLC raised its position in Stag Industrial by 4.7% in the first quarter. Janney Montgomery Scott LLC now owns 12,711 shares of the real estate investment trust’s stock valued at $459,000 after purchasing an additional 571 shares during the period. PFG Investments LLC raised its position in Stag Industrial by 5.4% in the first quarter. PFG Investments LLC now owns 8,302 shares of the real estate investment trust’s stock valued at $300,000 after purchasing an additional 429 shares during the period. Oppenheimer Asset Management Inc. raised its position in Stag Industrial by 4.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 99,760 shares of the real estate investment trust’s stock valued at $3,603,000 after purchasing an additional 4,141 shares during the period. Finally, Asset Management One Co. Ltd. grew its stake in shares of Stag Industrial by 4.9% during the first quarter. Asset Management One Co. Ltd. now owns 376,534 shares of the real estate investment trust’s stock valued at $13,600,000 after acquiring an additional 17,434 shares in the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

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.