Brokerages Set STAG Industrial, Inc. (NYSE:STAG) Target Price at $40.38

Shares of STAG Industrial, Inc. (NYSE:STAG) have been assigned a consensus rating of “Hold” from the seven brokerages that are covering the company, MarketBeat reports. Four 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 target among analysts that have covered the stock in the last year is $40.14.

A number of research firms have issued reports on STAG. Raymond James boosted their price target on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. 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, January 28th. Finally, Royal Bank of Canada decreased 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, January 27th.

STAG Industrial Stock Performance

NYSE STAG opened at $32.18 on Monday. The stock has a market cap of $6.01 billion, a price-to-earnings ratio of 30.94 and a beta of 0.96. The business has a fifty day moving average of $34.94 and a 200-day moving average of $35.65. STAG Industrial has a fifty-two week low of $28.61 and a fifty-two week high of $41.63. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86.

STAG Industrial (NYSE:STAG) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. As a group, analysts predict that STAG Industrial will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Increases Dividend

The company also recently announced a dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.1242 per share. This represents a yield of 4.25%. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s dividend payout ratio (DPR) is currently 143.27%.

Insiders Place Their Bets

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total value of $1,755,000.00. Following the completion of the transaction, the director now owns 9,632 shares in the company, valued at approximately $338,083.20. This represents a 83.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of STAG Industrial

Several hedge funds have recently added to or reduced their stakes in STAG. Versant Capital Management Inc increased its stake in shares of STAG Industrial by 204.9% during the first quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 506 shares during the period. Sugar Maple Asset Management LLC bought a new position in shares of STAG Industrial in the fourth quarter valued at $43,000. Quarry LP acquired a new position in shares of STAG Industrial in the 4th quarter worth $62,000. Hilltop National Bank lifted its holdings in shares of STAG Industrial by 19.2% during the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 362 shares during the last quarter. Finally, Principal Securities Inc. increased its stake in STAG Industrial by 20.7% in the 4th quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 510 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

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.