Brokerages Set Stag Industrial, Inc. (NYSE:STAG) Target Price at $38.33

Stag Industrial, Inc. (NYSE:STAG) has received a consensus recommendation of “Hold” from the eight analysts that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $38.00.

A number of brokerages have issued reports on STAG. Evercore ISI increased their target price on shares of Stag Industrial from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Industrial Alliance Securities set a $37.00 price target on shares of Stag Industrial in a report on Wednesday. Cantor Fitzgerald started coverage on shares of Stag Industrial in a report on Wednesday. They set a “neutral” rating and a $37.00 price target for the company. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Stag Industrial in a report on Saturday, September 27th.

Insider Buying and Selling

In related news, Director Benjamin S. Butcher sold 25,000 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $36.91, for a total value of $922,750.00. Following the completion of the transaction, the director owned 7,562 shares of the company’s stock, valued at $279,113.42. This represents a 76.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Larry T. Guillemette sold 2,004 shares of the company’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $35.20, for a total transaction of $70,540.80. Following the completion of the transaction, the director owned 38,666 shares of the company’s stock, valued at approximately $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. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Stag Industrial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Hawaiian Bank increased its position in Stag Industrial by 1.5% in the 1st quarter. First Hawaiian Bank now owns 19,132 shares of the real estate investment trust’s stock valued at $691,000 after acquiring an additional 289 shares during the period. Tectonic Advisors LLC increased its position in shares of Stag Industrial by 2.4% during the second quarter. Tectonic Advisors LLC now owns 13,018 shares of the real estate investment trust’s stock worth $472,000 after buying an additional 304 shares during the period. Signaturefd LLC increased its position in shares of Stag Industrial by 14.0% during the first quarter. Signaturefd LLC now owns 2,586 shares of the real estate investment trust’s stock worth $93,000 after buying an additional 317 shares during the period. ProShare Advisors LLC increased its position in shares of Stag Industrial by 4.2% during the second quarter. ProShare Advisors LLC now owns 8,275 shares of the real estate investment trust’s stock worth $300,000 after buying an additional 332 shares during the period. Finally, Securian Asset Management Inc. increased its position in shares of Stag Industrial by 2.9% during the first quarter. Securian Asset Management Inc. now owns 14,169 shares of the real estate investment trust’s stock worth $512,000 after buying an additional 395 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Stag Industrial Stock Performance

Shares of NYSE:STAG opened at $36.23 on Monday. The company’s 50 day moving average price is $35.56 and its two-hundred day moving average price is $35.10. Stag Industrial has a 12-month low of $28.61 and a 12-month high of $39.21. The firm has a market cap of $6.76 billion, a PE ratio of 28.52 and a beta of 0.92. 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 announced its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.63. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The firm 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 business posted $0.61 EPS. The business’s revenue was up 9.4% compared to the same quarter last year. Equities research analysts predict that Stag Industrial will post 2.47 earnings per share for the current year.

Stag Industrial Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a dividend of $0.1242 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, August 29th. Stag Industrial’s dividend payout ratio is 117.32%.

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.