STAG Industrial, Inc. (NYSE:STAG) Given Consensus Recommendation of “Hold” by Analysts

Shares of STAG Industrial, Inc. (NYSE:STAG) have been given a consensus rating of “Hold” by the eight analysts that are covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $41.13.

A number of brokerages recently issued reports on STAG. Wells Fargo & Company decreased their target price on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Barclays dropped their target price on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Evercore ISI raised their price target on STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Finally, Wedbush upped their price objective on shares of STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, August 5th.

STAG Industrial Price Performance

STAG Industrial stock opened at $36.13 on Friday. The stock has a market capitalization of $6.58 billion, a P/E ratio of 36.49 and a beta of 1.09. STAG Industrial has a 12-month low of $34.09 and a 12-month high of $41.63. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. The firm’s 50-day moving average is $38.20 and its two-hundred day moving average is $37.58.

STAG Industrial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.1233 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 4.10%. STAG Industrial’s payout ratio is 149.49%.

Institutional Investors Weigh In On STAG Industrial

Large investors have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. boosted its position in STAG Industrial by 247.8% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,467 shares of the real estate investment trust’s stock worth $214,000 after purchasing an additional 3,895 shares during the period. Edgestream Partners L.P. purchased a new stake in shares of STAG Industrial in the third quarter worth about $370,000. Verition Fund Management LLC grew its stake in shares of STAG Industrial by 140.4% in the third quarter. Verition Fund Management LLC now owns 22,963 shares of the real estate investment trust’s stock valued at $898,000 after buying an additional 13,411 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of STAG Industrial by 3.7% during the 3rd quarter. Captrust Financial Advisors now owns 24,500 shares of the real estate investment trust’s stock valued at $958,000 after buying an additional 880 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in STAG Industrial by 7.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 107,451 shares of the real estate investment trust’s stock worth $4,200,000 after acquiring an additional 7,877 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

STAG Industrial Company Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.