Stag Industrial Inc (STAG) Rating Reiterated by Royal Bank of Canada
Stag Industrial Inc (NYSE:STAG)‘s stock had its “buy” rating reiterated by investment analysts at Royal Bank of Canada in a research report issued to clients and investors on Friday. They currently have a $26.00 price target on the stock. Royal Bank of Canada’s target price points to a potential upside of 4.88% from the stock’s previous close.
Other equities analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Stag Industrial from a “buy” rating to a “hold” rating in a research report on Thursday, January 12th. Jefferies Group LLC upgraded shares of Stag Industrial from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Thursday, December 1st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $25.25.
Stag Industrial (NYSE:STAG) opened at 24.79 on Friday. Stag Industrial has a 52-week low of $19.01 and a 52-week high of $26.24. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 86.38 and a beta of 1.15. The stock has a 50 day moving average of $24.46 and a 200-day moving average of $23.73.
Stag Industrial (NYSE:STAG) last announced its earnings results on Thursday, February 16th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.47. The firm earned $66.50 million during the quarter, compared to analyst estimates of $55.68 million. Stag Industrial had a negative net margin of 7.25% and a negative return on equity of 2.54%. Stag Industrial’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.40 EPS. On average, analysts expect that Stag Industrial will post ($0.10) EPS for the current year.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, May 15th. Stockholders of record on Friday, April 28th will be given a dividend of $0.1167 per share. The ex-dividend date is Wednesday, April 26th. This represents a $1.40 annualized dividend and a dividend yield of 5.65%. Stag Industrial’s dividend payout ratio (DPR) is -304.35%.
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Institutional investors have recently bought and sold shares of the stock. Hall Laurie J Trustee acquired a new position in Stag Industrial during the fourth quarter valued at $104,000. US Bancorp DE raised its position in Stag Industrial by 20.9% in the third quarter. US Bancorp DE now owns 6,184 shares of the company’s stock valued at $152,000 after buying an additional 1,071 shares during the period. Advisory Services Network LLC raised its position in Stag Industrial by 0.6% in the third quarter. Advisory Services Network LLC now owns 6,332 shares of the company’s stock valued at $155,000 after buying an additional 38 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management raised its position in Stag Industrial by 5.1% in the third quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 8,466 shares of the company’s stock valued at $208,000 after buying an additional 414 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Stag Industrial during the third quarter valued at $219,000. Institutional investors own 77.41% 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.
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