STAG Industrial, Inc. (NYSE:STAG) Receives $41.00 Consensus Target Price from Brokerages

Shares of STAG Industrial, Inc. (NYSE:STAG) have received a consensus rating of “Hold” from the nine research firms that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $41.00.

Several equities research analysts have commented on the stock. Raymond James upped their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Barclays lowered their target price on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Finally, Wells Fargo & Company reduced their price target on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Sanctuary Advisors LLC increased its holdings in STAG Industrial by 122.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 21,583 shares of the real estate investment trust’s stock worth $787,000 after acquiring an additional 11,859 shares in the last quarter. Coldstream Capital Management Inc. grew its position in shares of STAG Industrial by 4.4% in the third quarter. Coldstream Capital Management Inc. now owns 54,517 shares of the real estate investment trust’s stock valued at $2,131,000 after purchasing an additional 2,306 shares during the period. Geode Capital Management LLC increased its stake in shares of STAG Industrial by 0.6% during the third quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust’s stock worth $133,077,000 after purchasing an additional 21,925 shares in the last quarter. Guardian Wealth Management Inc. raised its position in shares of STAG Industrial by 2.1% during the 3rd quarter. Guardian Wealth Management Inc. now owns 46,446 shares of the real estate investment trust’s stock worth $1,816,000 after purchasing an additional 965 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in STAG Industrial by 1.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 331,990 shares of the real estate investment trust’s stock valued at $12,977,000 after buying an additional 3,944 shares in the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

STAG Industrial Stock Performance

Shares of NYSE STAG opened at $33.76 on Friday. The company has a 50 day simple moving average of $36.32 and a two-hundred day simple moving average of $37.72. The stock has a market cap of $6.15 billion, a price-to-earnings ratio of 34.10 and a beta of 1.07. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87. STAG Industrial has a 12 month low of $33.18 and a 12 month high of $41.63.

STAG Industrial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.1233 dividend. This represents a $1.48 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial’s payout ratio is currently 149.49%.

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.