Stag Industrial (NYSE:STAG) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Stag Industrial (NYSE:STAG) from a sell rating to a hold rating in a research note released on Sunday morning.

A number of other analysts also recently commented on the company. Wells Fargo & Company decreased their target price on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, June 1st. Barclays lifted their target price on shares of Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, July 16th. Robert W. Baird set a $138.00 target price on Stag Industrial in a research note on Friday, July 31st. Weiss Ratings restated a “buy (b-)” rating on shares of Stag Industrial in a report on Friday, July 31st. Finally, Evercore reissued an “outperform” rating and set a $44.00 price target on shares of Stag Industrial in a research note on Wednesday, April 29th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $50.50.

Stag Industrial Stock Performance

Shares of STAG stock opened at $36.76 on Friday. The stock has a 50 day simple moving average of $38.80 and a 200-day simple moving average of $38.36. The company has a market cap of $7.09 billion, a price-to-earnings ratio of 28.28 and a beta of 0.96. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.93. Stag Industrial has a 12-month low of $34.33 and a 12-month high of $42.61.

Stag Industrial (NYSE:STAG) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.37). Stag Industrial had a return on equity of 6.79% and a net margin of 28.04%.The company had revenue of $224.37 million for the quarter, compared to analysts’ expectations of $223.04 million. During the same quarter in the previous year, the firm posted $0.63 earnings per share. Stag Industrial’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities analysts forecast that Stag Industrial will post 2.63 EPS for the current year.

Stag Industrial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, September 30th. Stag Industrial’s payout ratio is currently 119.23%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in STAG. Clearstead Advisors LLC grew its holdings in Stag Industrial by 193.6% in the 4th quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 482 shares in the last quarter. Ancora Advisors LLC bought a new stake in shares of Stag Industrial in the 2nd quarter worth $28,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Stag Industrial in the 3rd quarter worth $27,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Stag Industrial in the second quarter valued at $46,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Stag Industrial in the fourth quarter valued at $51,000. 88.67% of the stock is currently owned by institutional investors.

About Stag Industrial

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.