STAG Industrial, Inc. (NYSE:STAG) Given Average Recommendation of “Moderate Buy” by Brokerages

STAG Industrial, Inc. (NYSE:STAG) has earned an average rating of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $40.38.

A number of brokerages have issued reports on STAG. Wells Fargo & Company cut their price target 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. Raymond James boosted their price objective on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Royal Bank of Canada lowered their price objective on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research report on Monday, January 27th. Finally, Barclays lowered their price objective on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 28th.

STAG Industrial Stock Down 0.2 %

NYSE STAG opened at $35.14 on Friday. STAG Industrial has a 52 week low of $32.27 and a 52 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. The business’s fifty day simple moving average is $34.24 and its 200-day simple moving average is $36.84. The firm has a market cap of $6.56 billion, a PE ratio of 33.78 and a beta of 1.09.

STAG Industrial (NYSE:STAG) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating 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, equities analysts anticipate that STAG Industrial will post 2.47 earnings per share for the current year.

STAG Industrial Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.1242 dividend. This represents a yield of 4.25%. This is an increase from STAG Industrial’s previous dividend of $0.12. The ex-dividend date of this dividend is Friday, February 28th. STAG Industrial’s dividend payout ratio is 143.27%.

Insider Activity at STAG Industrial

In related news, Director Benjamin S. Butcher sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 directly owns 9,632 shares of the company’s stock, valued at $338,083.20. This represents a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On STAG Industrial

Several large investors have recently modified their holdings of the company. FMR LLC boosted its holdings in shares of STAG Industrial by 30.1% in the fourth quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust’s stock valued at $305,224,000 after acquiring an additional 2,088,839 shares during the period. Earnest Partners LLC boosted its holdings in shares of STAG Industrial by 6.6% in the fourth quarter. Earnest Partners LLC now owns 3,795,425 shares of the real estate investment trust’s stock valued at $128,361,000 after acquiring an additional 235,622 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of STAG Industrial by 5.9% in the fourth quarter. Nuveen Asset Management LLC now owns 3,679,641 shares of the real estate investment trust’s stock valued at $124,445,000 after acquiring an additional 204,948 shares during the period. Geode Capital Management LLC boosted its holdings in shares of STAG Industrial by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 3,421,549 shares of the real estate investment trust’s stock valued at $115,748,000 after acquiring an additional 18,009 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of STAG Industrial by 7.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust’s stock valued at $123,883,000 after acquiring an additional 227,629 shares during the period. 88.67% of the stock is owned by institutional investors and hedge funds.

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.