Shares of Stag Industrial, Inc. (NYSE:STAG – Get Free Report) have earned an average recommendation of “Hold” from the nine brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $40.00.
Several research firms have weighed in on STAG. Wells Fargo & Company decreased their price target on shares of Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, June 1st. Barclays decreased their price objective on shares of Stag Industrial from $39.00 to $38.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 5th. Robert W. Baird set a $40.00 price objective on shares of Stag Industrial in a research report on Tuesday, February 17th. JPMorgan Chase & Co. raised their price objective on shares of Stag Industrial from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. Finally, Evercore restated an “outperform” rating and set a $44.00 price objective on shares of Stag Industrial in a research report on Wednesday, April 29th.
Read Our Latest Report on STAG
Stag Industrial Stock Up 2.0%
Stag Industrial (NYSE:STAG – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.09. Stag Industrial had a net margin of 28.25% and a return on equity of 6.80%. The business had revenue of $224.21 million for the quarter, compared to the consensus estimate of $221.52 million. During the same period last year, the firm earned $0.61 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, equities analysts forecast that Stag Industrial will post 2.63 EPS for the current year.
Stag Industrial Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Tuesday, June 30th. Stag Industrial’s dividend payout ratio (DPR) is presently 120.16%.
Institutional Trading of Stag Industrial
Several institutional investors and hedge funds have recently modified their holdings of STAG. Norges Bank bought a new stake in shares of Stag Industrial during the 4th quarter valued at $295,644,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Stag Industrial by 434,005.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,098,286 shares of the real estate investment trust’s stock valued at $40,373,000 after purchasing an additional 1,098,033 shares during the period. Heitman Real Estate Securities LLC bought a new stake in Stag Industrial in the 4th quarter valued at $33,558,000. Mackenzie Financial Corp bought a new stake in Stag Industrial in the 4th quarter valued at $25,459,000. Finally, Balyasny Asset Management L.P. increased its holdings in Stag Industrial by 1,818.4% in the 3rd quarter. Balyasny Asset Management L.P. now owns 570,931 shares of the real estate investment trust’s stock valued at $20,148,000 after acquiring an additional 541,170 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors.
About Stag Industrial
Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.
Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.
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