STAG Industrial, Inc. (NYSE:STAG – Free Report) – Equities researchers at Wedbush increased their FY2024 earnings per share (EPS) estimates for shares of STAG Industrial in a note issued to investors on Monday, January 27th. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will post earnings of $2.45 per share for the year, up from their previous estimate of $2.40. The consensus estimate for STAG Industrial’s current full-year earnings is $2.40 per share.
Several other research analysts have also commented on STAG. Royal Bank of Canada lowered their price objective on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research note on Monday. Wells Fargo & Company decreased their price target on shares of 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 upped their price objective 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, Barclays decreased their target price on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.38.
STAG Industrial Stock Performance
NYSE STAG opened at $34.49 on Wednesday. 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 company has a market cap of $6.28 billion, a P/E ratio of 34.83 and a beta of 1.09. The stock has a 50-day moving average of $34.74 and a two-hundred day moving average of $37.36. STAG Industrial has a 1-year low of $32.27 and a 1-year high of $41.63.
Institutional Trading of STAG Industrial
Institutional investors have recently bought and sold shares of the business. UMB Bank n.a. raised its stake in STAG Industrial by 54.1% during the 3rd quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 306 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new position in shares of STAG Industrial during the fourth quarter worth about $43,000. Coastline Trust Co acquired a new stake in shares of STAG Industrial during the third quarter worth about $55,000. GAMMA Investing LLC lifted its holdings in shares of STAG Industrial by 72.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 659 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of STAG Industrial in the 2nd quarter valued at about $57,000. 88.67% of the stock is owned by hedge funds and other institutional investors.
STAG Industrial Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.1242 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date of this dividend is Monday, March 31st. STAG Industrial’s dividend payout ratio is presently 149.49%.
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.
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