STAG Industrial (NYSE:STAG) Hits New 12-Month Low – Here’s What Happened

STAG Industrial, Inc. (NYSE:STAG) hit a new 52-week low on Wednesday . The company traded as low as $33.97 and last traded at $33.97, with a volume of 1266103 shares. The stock had previously closed at $35.38.

Analyst Ratings Changes

STAG has been the topic of several recent analyst reports. Raymond James raised their price target on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Wells Fargo & Company lowered their target price on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Evercore ISI boosted their price target on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Finally, Barclays lowered their price objective on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $41.00.

STAG Industrial Trading Up 2.2 %

The stock has a market capitalization of $6.18 billion, a P/E ratio of 34.28 and a beta of 1.07. The stock’s fifty day moving average price is $36.80 and its two-hundred day moving average price is $37.72. 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 Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.1233 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 4.36%. STAG Industrial’s payout ratio is 149.49%.

Institutional Investors Weigh In On STAG Industrial

A number of large investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC lifted its position in STAG Industrial by 122.0% during the third quarter. Sanctuary Advisors LLC now owns 21,583 shares of the real estate investment trust’s stock valued at $787,000 after buying an additional 11,859 shares during the period. Coldstream Capital Management Inc. boosted its stake in STAG Industrial by 4.4% during the third quarter. Coldstream Capital Management Inc. now owns 54,517 shares of the real estate investment trust’s stock worth $2,131,000 after acquiring an additional 2,306 shares in the last quarter. Geode Capital Management LLC grew its holdings in STAG Industrial by 0.6% in 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 during the period. Guardian Wealth Management Inc. increased its stake in shares of STAG Industrial by 2.1% during the third quarter. Guardian Wealth Management Inc. now owns 46,446 shares of the real estate investment trust’s stock valued at $1,816,000 after purchasing an additional 965 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of STAG Industrial by 1.2% during the third 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 purchasing an additional 3,944 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

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.