STAG Industrial, Inc. (NYSE:STAG) Receives $39.13 Average Target Price from Analysts

Shares of STAG Industrial, Inc. (NYSE:STAG) have received an average rating of “Hold” from the seven research firms that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and two 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 $39.13.

STAG has been the subject of a number of recent research reports. BMO Capital Markets reissued an “outperform” rating and issued a $42.00 target price (up previously from $41.00) on shares of STAG Industrial in a research report on Monday, April 8th. Robert W. Baird reissued a “neutral” rating and issued a $41.00 price objective (up previously from $38.00) on shares of STAG Industrial in a report on Friday, January 5th. Royal Bank of Canada increased their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Friday, February 16th. Finally, Barclays initiated coverage on shares of STAG Industrial in a research report on Wednesday, March 27th. They issued an “equal weight” rating and a $40.00 price target for the company.

STAG Industrial Stock Performance

NYSE:STAG opened at $34.48 on Monday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.76. The stock has a 50 day simple moving average of $37.20 and a 200 day simple moving average of $36.83. STAG Industrial has a 1-year low of $31.69 and a 1-year high of $39.61. The stock has a market cap of $6.27 billion, a P/E ratio of 31.93, a PEG ratio of 4.87 and a beta of 1.02.

STAG Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $0.1233 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend is Friday, June 28th. STAG Industrial’s payout ratio is presently 137.04%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. AE Wealth Management LLC increased its stake in shares of STAG Industrial by 44.2% in the 3rd quarter. AE Wealth Management LLC now owns 54,618 shares of the real estate investment trust’s stock valued at $1,885,000 after purchasing an additional 16,735 shares during the last quarter. SG Americas Securities LLC raised its stake in STAG Industrial by 87.3% during the third quarter. SG Americas Securities LLC now owns 34,856 shares of the real estate investment trust’s stock worth $1,203,000 after acquiring an additional 16,247 shares in the last quarter. Impact Partnership Wealth LLC bought a new position in shares of STAG Industrial in the third quarter worth about $189,000. Integrated Investment Consultants LLC boosted its stake in shares of STAG Industrial by 2.4% in the 3rd quarter. Integrated Investment Consultants LLC now owns 13,196 shares of the real estate investment trust’s stock valued at $455,000 after purchasing an additional 309 shares in the last quarter. Finally, Tectonic Advisors LLC bought a new stake in shares of STAG Industrial during the 3rd quarter valued at approximately $267,000. 88.67% of the stock is owned by institutional investors.

STAG Industrial Company Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.