STAG Industrial, Inc. (NYSE:STAG) Receives $41.00 Average PT from Brokerages

STAG Industrial, Inc. (NYSE:STAG) has earned an average rating of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $41.00.

Several analysts recently weighed in on STAG shares. Wells Fargo & Company dropped their price objective 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. Raymond James lifted their price objective on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, Barclays lowered their price target on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, October 28th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. raised its position in STAG Industrial by 9.0% during the second quarter. American Century Companies Inc. now owns 65,587 shares of the real estate investment trust’s stock valued at $2,365,000 after purchasing an additional 5,402 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in STAG Industrial by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,865,673 shares of the real estate investment trust’s stock worth $103,333,000 after buying an additional 167,532 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in STAG Industrial by 12.1% in the second quarter. Mercer Global Advisors Inc. ADV now owns 11,774 shares of the real estate investment trust’s stock worth $425,000 after buying an additional 1,274 shares in the last quarter. Hsbc Holdings PLC grew its position in STAG Industrial by 14.6% during the second quarter. Hsbc Holdings PLC now owns 124,487 shares of the real estate investment trust’s stock valued at $4,485,000 after acquiring an additional 15,855 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of STAG Industrial by 63.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,229 shares of the real estate investment trust’s stock worth $80,000 after acquiring an additional 868 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

STAG Industrial Stock Performance

NYSE:STAG opened at $34.34 on Wednesday. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 34.69 and a beta of 1.09. 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 has a fifty-two week low of $32.27 and a fifty-two week high of $41.63. The stock has a fifty day moving average price of $34.88 and a 200-day moving average price of $37.42.

STAG Industrial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.1242 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.49 annualized dividend and a dividend yield of 4.34%. STAG Industrial’s payout ratio is currently 150.51%.

STAG Industrial Company Profile

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.