STAG Industrial, Inc. (NYSE:STAG) Receives Consensus Rating of “Hold” from Analysts

STAG Industrial, Inc. (NYSE:STAGGet Free Report) has received an average rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $38.00.

Several equities research analysts recently weighed in on STAG shares. Raymond James reduced their target price on STAG Industrial from $39.00 to $37.00 and set an “outperform” rating for the company in a report on Tuesday, October 31st. Robert W. Baird reissued a “neutral” rating and set a $41.00 price objective (up previously from $38.00) on shares of STAG Industrial in a research report on Friday, January 5th. Finally, Royal Bank of Canada cut STAG Industrial from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $42.00 to $39.00 in a research report on Friday, November 3rd.

Get Our Latest Stock Analysis on STAG Industrial

Insider Activity at STAG Industrial

In related news, CEO William R. Crooker sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $38.84, for a total value of $971,000.00. Following the completion of the sale, the chief executive officer now owns 7,522 shares of the company’s stock, valued at $292,154.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Jeffrey M. Sullivan sold 19,650 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $38.84, for a total transaction of $763,206.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William R. Crooker sold 25,000 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $38.84, for a total transaction of $971,000.00. Following the completion of the sale, the chief executive officer now owns 7,522 shares of the company’s stock, valued at approximately $292,154.48. The disclosure for this sale can be found here. Insiders sold 87,890 shares of company stock valued at $3,333,708 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Spire Wealth Management increased its stake in STAG Industrial by 124.1% in the 4th quarter. Spire Wealth Management now owns 688 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 381 shares during the last quarter. AllSquare Wealth Management LLC bought a new position in STAG Industrial in the second quarter valued at approximately $27,000. Eagle Bay Advisors LLC acquired a new position in shares of STAG Industrial during the 2nd quarter worth approximately $27,000. Fifth Third Bancorp boosted its holdings in shares of STAG Industrial by 121.3% in the 3rd quarter. Fifth Third Bancorp now owns 905 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 496 shares during the last quarter. Finally, HHM Wealth Advisors LLC bought a new position in shares of STAG Industrial in the fourth quarter valued at $31,000. 88.68% of the stock is owned by institutional investors and hedge funds.

STAG Industrial Stock Performance

Shares of STAG opened at $37.54 on Wednesday. The company’s fifty day moving average is $37.96 and its 200-day moving average is $36.23. STAG Industrial has a 12 month low of $31.01 and a 12 month high of $39.61. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.73. The firm has a market cap of $6.82 billion, a price-to-earnings ratio of 36.80, a price-to-earnings-growth ratio of 8.68 and a beta of 1.03.

STAG Industrial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be issued a dividend of $0.1233 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.48 dividend on an annualized basis and a yield of 3.94%. STAG Industrial’s dividend payout ratio is 145.10%.

STAG Industrial Company Profile

(Get Free Report

We are a REIT focused on the acquisition, ownership and operation of industrial properties throughout the United States. We seek to (i) identify properties for acquisition that offer relative value across all locations, industrial property types, and tenants through the principled application of our proprietary risk assessment model, (ii) operate our properties in an efficient, cost-effective manner, and (iii) capitalize our business appropriately given the characteristics of our assets.

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Analyst Recommendations for STAG Industrial (NYSE:STAG)

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