Stag Industrial Inc (NYSE:STAG) has received an average rating of “Hold” from the ten analysts that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $28.20.
Several analysts have recently commented on the company. UBS Group increased their price objective on Stag Industrial from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, June 21st. Zacks Investment Research downgraded Stag Industrial from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. downgraded Stag Industrial from an “overweight” rating to a “neutral” rating and set a $27.00 price target for the company. in a research report on Friday, June 15th.
Institutional investors and hedge funds have recently modified their holdings of the stock. Canton Hathaway LLC purchased a new stake in shares of Stag Industrial during the third quarter valued at approximately $140,000. Clear Harbor Asset Management LLC purchased a new stake in shares of Stag Industrial during the second quarter valued at approximately $201,000. Private Advisor Group LLC bought a new position in Stag Industrial during the second quarter valued at $212,000. Intrust Bank NA bought a new position in Stag Industrial during the second quarter valued at $233,000. Finally, Aperio Group LLC bought a new position in Stag Industrial during the second quarter valued at $233,000. 84.40% of the stock is owned by institutional investors.
Shares of Stag Industrial stock opened at $25.41 on Wednesday. The company has a market capitalization of $2.87 billion, a PE ratio of 15.04, a P/E/G ratio of 2.92 and a beta of 1.08. Stag Industrial has a 52 week low of $22.42 and a 52 week high of $29.07. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.04 and a quick ratio of 1.04.
Stag Industrial (NYSE:STAG) last issued its quarterly earnings data on Tuesday, July 31st. The real estate investment trust reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. The firm had revenue of $85.47 million during the quarter, compared to the consensus estimate of $84.32 million. Stag Industrial had a return on equity of 5.08% and a net margin of 19.24%. On average, equities research analysts predict that Stag Industrial will post 1.79 earnings per share for the current fiscal year.
The firm also recently declared a monthly dividend, which was paid on Monday, September 17th. Investors of record on Friday, August 31st were given a dividend of $0.1183 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date of this dividend was Thursday, August 30th. Stag Industrial’s payout ratio is 84.02%.
Stag Industrial Company Profile
STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (?REIT?) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.
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