Stag Industrial, Inc. (STAG) Given Consensus Rating of “Buy” by Brokerages
Shares of Stag Industrial, Inc. (NYSE:STAG) have been given a consensus rating of “Buy” by the ten ratings firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $27.58.
Several equities research analysts have recently commented on STAG shares. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Stag Industrial in a report on Wednesday, August 2nd. Jefferies Group LLC restated a “buy” rating and set a $32.00 price objective (up previously from $30.00) on shares of Stag Industrial in a report on Sunday, June 25th. BidaskClub downgraded Stag Industrial from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. ValuEngine upgraded Stag Industrial from a “hold” rating to a “buy” rating in a report on Friday. Finally, Evercore ISI upgraded Stag Industrial from an “in-line” rating to an “outperform” rating and set a $30.00 price objective for the company in a report on Monday, August 14th.
Shares of Stag Industrial (NYSE:STAG) opened at 28.03 on Friday. Stag Industrial has a 1-year low of $21.21 and a 1-year high of $28.75. The company’s 50-day moving average price is $27.55 and its 200-day moving average price is $26.54. The company has a market capitalization of $2.59 billion, a PE ratio of 104.59 and a beta of 1.22.
Stag Industrial (NYSE:STAG) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.41 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. The firm had revenue of $72.20 million during the quarter, compared to the consensus estimate of $71.44 million. Stag Industrial had a return on equity of 3.97% and a net margin of 12.22%. The company’s quarterly revenue was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.38 earnings per share.
The business also recently declared a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a dividend of $0.1175 per share. The ex-dividend date is Wednesday, November 29th. This represents a $1.41 annualized dividend and a yield of 5.03%. Stag Industrial’s dividend payout ratio (DPR) is currently 503.57%.
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A number of large investors have recently made changes to their positions in STAG. Teachers Advisors LLC increased its stake in shares of Stag Industrial by 21.7% in the fourth quarter. Teachers Advisors LLC now owns 140,126 shares of the real estate investment trust’s stock valued at $3,345,000 after buying an additional 24,955 shares during the period. Bank of Montreal Can increased its stake in shares of Stag Industrial by 98.4% in the first quarter. Bank of Montreal Can now owns 83,522 shares of the real estate investment trust’s stock valued at $2,089,000 after buying an additional 41,428 shares during the period. Retirement Systems of Alabama increased its stake in shares of Stag Industrial by 17.7% in the first quarter. Retirement Systems of Alabama now owns 104,889 shares of the real estate investment trust’s stock valued at $2,624,000 after buying an additional 15,800 shares during the period. Nationwide Fund Advisors increased its stake in shares of Stag Industrial by 523.9% in the first quarter. Nationwide Fund Advisors now owns 273,170 shares of the real estate investment trust’s stock valued at $6,835,000 after buying an additional 229,386 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of Stag Industrial by 22.8% in the first quarter. State of New Jersey Common Pension Fund D now owns 325,500 shares of the real estate investment trust’s stock valued at $8,144,000 after buying an additional 60,500 shares during the period. Institutional investors and hedge funds own 81.25% 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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