Shares of Stag Industrial Inc (NYSE:STAG) have received an average rating of “Buy” from the nine analysts that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $32.83.
STAG has been the topic of a number of analyst reports. Wells Fargo & Co upgraded shares of Stag Industrial from a “market perform” rating to an “outperform” rating and set a $35.00 price objective on the stock in a research note on Tuesday, December 10th. Zacks Investment Research upgraded shares of Stag Industrial from a “sell” rating to a “hold” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. upgraded shares of Stag Industrial from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $33.00 to $34.00 in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada upgraded shares of Stag Industrial from an “outperform” rating to a “top pick” rating and lifted their price objective for the company from $33.00 to $34.00 in a research note on Wednesday, December 18th.
Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Stag Industrial by 8.4% during the second quarter. Vanguard Group Inc. now owns 17,633,398 shares of the real estate investment trust’s stock worth $533,235,000 after buying an additional 1,368,855 shares in the last quarter. BlackRock Inc. grew its position in shares of Stag Industrial by 13.4% during the second quarter. BlackRock Inc. now owns 12,370,598 shares of the real estate investment trust’s stock worth $374,085,000 after buying an additional 1,460,832 shares in the last quarter. Nuveen Asset Management LLC grew its position in shares of Stag Industrial by 42.5% during the second quarter. Nuveen Asset Management LLC now owns 4,513,208 shares of the real estate investment trust’s stock worth $136,478,000 after buying an additional 1,346,514 shares in the last quarter. State Street Corp grew its position in shares of Stag Industrial by 5.7% during the third quarter. State Street Corp now owns 4,216,196 shares of the real estate investment trust’s stock worth $124,789,000 after buying an additional 226,131 shares in the last quarter. Finally, Earnest Partners LLC acquired a new stake in shares of Stag Industrial during the second quarter worth approximately $101,694,000. 92.93% of the stock is owned by institutional investors and hedge funds.
NYSE STAG opened at $31.43 on Friday. Stag Industrial has a one year low of $25.03 and a one year high of $31.89. The company’s 50 day moving average price is $31.01 and its 200 day moving average price is $30.25. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 4.11 and a beta of 0.86.
Stag Industrial (NYSE:STAG) last posted its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.39). The firm had revenue of $102.42 million for the quarter, compared to analysts’ expectations of $100.78 million. Stag Industrial had a net margin of 19.96% and a return on equity of 4.35%. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 EPS. Sell-side analysts forecast that Stag Industrial will post 1.82 EPS for the current fiscal year.
The company also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.1192 per share. The ex-dividend date is Monday, December 30th. Stag Industrial’s dividend payout ratio is currently 79.89%.
Stag Industrial Company Profile
STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition, ownership, and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (REIT) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.
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