STAG Industrial, Inc. (NYSE:STAG) Receives Average Rating of “Hold” from Analysts

STAG Industrial, Inc. (NYSE:STAGGet Free Report) has received an average rating of “Hold” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $39.00.

A number of research analysts recently issued reports on STAG shares. BNP Paribas started coverage on STAG Industrial in a research note on Tuesday, June 4th. They set a “neutral” rating and a $39.00 price objective for the company. BMO Capital Markets reiterated an “outperform” rating and issued a $42.00 price target (up from $41.00) on shares of STAG Industrial in a research report on Monday, April 8th. Finally, Barclays lowered their target price on shares of STAG Industrial from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday, May 24th.

Check Out Our Latest Stock Report on STAG Industrial

STAG Industrial Stock Performance

NYSE:STAG opened at $35.56 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.75 and a current ratio of 1.75. The stock has a 50-day simple moving average of $35.41 and a two-hundred day simple moving average of $37.02. The firm has a market capitalization of $6.47 billion, a PE ratio of 34.96, a P/E/G ratio of 4.94 and a beta of 1.08. STAG Industrial has a 52-week low of $31.69 and a 52-week high of $39.61.

STAG Industrial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $0.1233 dividend. This represents a $1.48 annualized dividend and a yield of 4.16%. The ex-dividend date is Friday, June 28th. STAG Industrial’s payout ratio is currently 148.00%.

Insider Buying and Selling at STAG Industrial

In related news, Director Benjamin S. Butcher sold 30,000 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $34.81, for a total value of $1,044,300.00. Following the sale, the director now directly owns 8,304 shares in the company, valued at $289,062.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.10% of the company’s stock.

Institutional Trading of STAG Industrial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. bought a new stake in shares of STAG Industrial during the third quarter worth $324,000. J.P. Morgan Private Wealth Advisors LLC lifted its position in shares of STAG Industrial by 1.6% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 25,694 shares of the real estate investment trust’s stock worth $887,000 after purchasing an additional 413 shares during the period. Swiss National Bank boosted its stake in shares of STAG Industrial by 1.0% during the third quarter. Swiss National Bank now owns 394,400 shares of the real estate investment trust’s stock valued at $13,611,000 after purchasing an additional 3,900 shares in the last quarter. Atria Wealth Solutions Inc. increased its holdings in STAG Industrial by 6.4% during the third quarter. Atria Wealth Solutions Inc. now owns 8,105 shares of the real estate investment trust’s stock valued at $281,000 after buying an additional 491 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in STAG Industrial by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,728,355 shares of the real estate investment trust’s stock worth $94,156,000 after buying an additional 73,224 shares during the period. 88.67% of the stock is owned by hedge funds and other institutional investors.

STAG Industrial Company Profile

(Get Free Report

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.

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Analyst Recommendations for STAG Industrial (NYSE:STAG)

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