Analysts Set STAG Industrial, Inc. (NYSE:STAG) PT at $40.38

STAG Industrial, Inc. (NYSE:STAG) has been assigned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $40.38.

A number of research analysts have commented on the company. Barclays lowered their price target on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 28th. Raymond James increased their target price on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada decreased their target price on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research report on Monday, January 27th.

Insider Buying and Selling

In related news, Director Benjamin S. Butcher sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total value of $1,755,000.00. Following the sale, the director now owns 9,632 shares in the company, valued at $338,083.20. This represents a 83.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of STAG Industrial

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 DIFC Ltd purchased a new stake in shares of STAG Industrial in the 3rd quarter worth approximately $717,000. Geode Capital Management LLC boosted its stake in STAG Industrial by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust’s stock valued at $133,077,000 after purchasing an additional 21,925 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in STAG Industrial by 169.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 132,412 shares of the real estate investment trust’s stock valued at $5,176,000 after purchasing an additional 83,296 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in STAG Industrial by 3.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 626,981 shares of the real estate investment trust’s stock valued at $24,509,000 after purchasing an additional 21,764 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in STAG Industrial during the 3rd quarter valued at $566,000. Hedge funds and other institutional investors own 88.67% of the company’s stock.

STAG Industrial Trading Down 0.1 %

STAG opened at $35.44 on Thursday. The business has a 50 day simple moving average of $34.97 and a two-hundred day simple moving average of $36.32. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 34.07 and a beta of 1.05. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. STAG Industrial has a one year low of $32.27 and a one year high of $41.63.

STAG Industrial (NYSE:STAG) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. Analysts predict that STAG Industrial will post 2.47 EPS for the current year.

STAG Industrial Increases Dividend

The business also recently declared a dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.1242 dividend. The ex-dividend date was Friday, February 28th. This represents a dividend yield of 4.25%. This is an increase from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s dividend payout ratio is presently 143.27%.

About STAG Industrial

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.