STAG Industrial, Inc. (NYSE:STAG) Receives $41.00 Consensus Target Price from Analysts

Shares of STAG Industrial, Inc. (NYSE:STAG) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $41.00.

Several equities research analysts have weighed in on STAG shares. Wells Fargo & Company cut their price target on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Barclays cut their price target on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Finally, Raymond James boosted their price objective on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th.

Institutional Trading of STAG Industrial

Several large investors have recently added to or reduced their stakes in STAG. FMR LLC lifted its holdings in STAG Industrial by 145.5% in the third quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust’s stock valued at $271,132,000 after acquiring an additional 4,111,268 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of STAG Industrial by 330.5% during the 3rd quarter. Bank of Montreal Can now owns 1,346,149 shares of the real estate investment trust’s stock worth $52,823,000 after purchasing an additional 1,033,485 shares during the period. Westfield Capital Management Co. LP grew its holdings in shares of STAG Industrial by 36.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,670,586 shares of the real estate investment trust’s stock worth $65,303,000 after purchasing an additional 442,618 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of STAG Industrial by 7.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust’s stock worth $123,883,000 after purchasing an additional 227,629 shares during the last quarter. Finally, Heitman Real Estate Securities LLC raised its holdings in STAG Industrial by 19.8% in the 3rd quarter. Heitman Real Estate Securities LLC now owns 1,063,909 shares of the real estate investment trust’s stock valued at $41,588,000 after buying an additional 175,993 shares during the period. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

STAG Industrial Stock Performance

STAG opened at $34.34 on Wednesday. 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 has a 12-month low of $32.27 and a 12-month high of $41.63. The firm has a 50 day moving average of $34.88 and a two-hundred day moving average of $37.44. The firm has a market capitalization of $6.26 billion, a PE ratio of 34.69 and a beta of 1.09.

STAG Industrial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.1242 per share. The ex-dividend date is Monday, March 31st. This represents a $1.49 dividend on an annualized basis and a yield of 4.34%. STAG Industrial’s payout ratio is presently 149.49%.

STAG Industrial Company Profile

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.