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

Shares of STAG Industrial, Inc. (NYSE:STAG) have earned an average recommendation of “Hold” from the eight brokerages that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $41.13.

Several brokerages have issued reports on STAG. Barclays dropped their price target 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. Wells Fargo & Company cut their target price on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Finally, Evercore ISI increased their price target on shares of STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th.

Institutional Investors Weigh In On STAG Industrial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Centerpoint Advisors LLC bought a new stake in STAG Industrial in the 2nd quarter worth $25,000. GAMMA Investing LLC boosted its holdings in shares of STAG Industrial by 56.1% during the second quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 326 shares during the period. UMB Bank n.a. grew its stake in shares of STAG Industrial by 54.1% in the third quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 306 shares during the last quarter. Wetzel Investment Advisors Inc. purchased a new position in STAG Industrial during the 2nd quarter valued at about $38,000. Finally, Blue Trust Inc. raised its position in STAG Industrial by 1,728.4% during the 2nd quarter. Blue Trust Inc. now owns 1,353 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 1,279 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors.

STAG Industrial Stock Performance

NYSE STAG opened at $35.79 on Tuesday. STAG Industrial has a 52-week low of $34.09 and a 52-week high of $41.63. The company has a fifty day moving average of $37.24 and a 200-day moving average of $37.71. The company has a market capitalization of $6.52 billion, a P/E ratio of 36.15 and a beta of 1.07. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42.

STAG Industrial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.1233 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 4.14%. STAG Industrial’s dividend payout ratio (DPR) is currently 149.49%.

About STAG Industrial

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.