TheStreet upgraded shares of Stag Industrial, Inc. (NYSE:STAG) from a c rating to a b- rating in a research report released on Tuesday.
STAG has been the topic of several other reports. ValuEngine upgraded shares of Stag Industrial from a hold rating to a buy rating in a report on Friday, September 1st. BidaskClub downgraded shares of Stag Industrial from a hold rating to a sell rating in a report on Friday, October 6th. Ladenburg Thalmann Financial Services restated a buy rating on shares of Stag Industrial in a report on Wednesday, August 2nd. UBS AG upgraded shares of Stag Industrial from a sell rating to a neutral rating and raised their target price for the stock from $21.00 to $28.00 in a report on Friday, September 8th. Finally, Jefferies Group LLC restated a buy rating and set a $32.00 target price on shares of Stag Industrial in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $28.25.
Stag Industrial (STAG) opened at $28.30 on Tuesday. Stag Industrial has a one year low of $22.35 and a one year high of $28.95. The firm has a market cap of $2,641.84, a P/E ratio of 16.81, a P/E/G ratio of 3.10 and a beta of 1.24. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.09 and a current ratio of 0.09.
Stag Industrial (NYSE:STAG) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. The firm had revenue of $78.14 million for the quarter, compared to the consensus estimate of $76.17 million. Stag Industrial had a net margin of 18.96% and a return on equity of 5.72%. The business’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period last year, the company posted $0.40 EPS. analysts forecast that Stag Industrial will post 1.69 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This piece was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of US & international copyright laws. The correct version of this piece can be read at https://www.dispatchtribunal.com/2017/11/17/stag-industrial-inc-stag-raised-to-b-at-thestreet.html.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a $0.1183 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.02%. Stag Industrial’s dividend payout ratio (DPR) is presently 261.12%.
In other news, EVP Peter S. Fearey sold 1,033 shares of Stag Industrial stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $28.71, for a total value of $29,657.43. Following the sale, the executive vice president now directly owns 2,506 shares in the company, valued at $71,947.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Moors & Cabot Inc. raised its holdings in shares of Stag Industrial by 0.4% in the second quarter. Moors & Cabot Inc. now owns 14,790 shares of the real estate investment trust’s stock valued at $410,000 after purchasing an additional 62 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Stag Industrial by 0.8% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,045 shares of the real estate investment trust’s stock worth $360,000 after buying an additional 103 shares during the last quarter. Spirit of America Management Corp NY increased its holdings in Stag Industrial by 2.5% during the second quarter. Spirit of America Management Corp NY now owns 20,500 shares of the real estate investment trust’s stock worth $566,000 after buying an additional 500 shares during the last quarter. Amalgamated Bank increased its holdings in Stag Industrial by 5.9% during the first quarter. Amalgamated Bank now owns 9,892 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 549 shares during the last quarter. Finally, Advisor Group Inc. increased its holdings in Stag Industrial by 1.8% during the second quarter. Advisor Group Inc. now owns 33,751 shares of the real estate investment trust’s stock worth $932,000 after buying an additional 599 shares during the last quarter. Institutional investors own 79.79% of the company’s stock.
About Stag Industrial
STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.
Receive News & Ratings for Stag Industrial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stag Industrial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.