STAG Industrial (NYSE:STAG) Sets New 1-Year Low – What’s Next?

STAG Industrial, Inc. (NYSE:STAG) hit a new 52-week low on Thursday . The company traded as low as $33.03 and last traded at $33.07, with a volume of 598311 shares changing hands. The stock had previously closed at $33.82.

Analysts Set New Price Targets

Several research firms have recently commented on STAG. 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 report on Monday, November 4th. Barclays lowered their target price on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. Finally, Raymond James raised their price target on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, STAG Industrial has an average rating of “Hold” and an average price target of $41.00.

STAG Industrial Stock Up 1.2 %

The firm has a market capitalization of $6.08 billion, a price-to-earnings ratio of 33.72 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. The business’s 50 day moving average is $35.90 and its 200-day moving average is $37.63.

STAG Industrial Announces Dividend

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 issued a $0.1233 dividend. This represents a $1.48 annualized dividend and a yield of 4.43%. The ex-dividend date is Tuesday, December 31st. STAG Industrial’s dividend payout ratio (DPR) is presently 149.49%.

Institutional Investors Weigh In On STAG Industrial

Hedge funds have recently added to or reduced their stakes in the stock. Point72 DIFC Ltd bought a new stake in shares of STAG Industrial in the third quarter worth about $717,000. Geode Capital Management LLC raised its holdings in shares of STAG Industrial by 0.6% during 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 acquiring an additional 21,925 shares during the period. BNP Paribas Financial Markets lifted its position in STAG Industrial by 169.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 132,412 shares of the real estate investment trust’s stock valued at $5,176,000 after acquiring an additional 83,296 shares in the last quarter. Earnest Partners LLC increased its holdings in STAG Industrial by 2.2% during the 2nd quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust’s stock worth $131,727,000 after purchasing an additional 78,189 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in shares of STAG Industrial by 314.5% during the third quarter. Los Angeles Capital Management LLC now owns 145,520 shares of the real estate investment trust’s stock worth $5,688,000 after buying an additional 110,410 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

About STAG Industrial

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.