Stag Industrial (NYSE:STAG) Price Target Raised to $40.00 at JPMorgan Chase & Co.

Stag Industrial (NYSE:STAG) had its target price raised by JPMorgan Chase & Co. from $39.00 to $40.00 in a research report released on Thursday,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

Several other research analysts have also commented on STAG. Robert W. Baird set a $40.00 price target on Stag Industrial in a research report on Tuesday. iA Financial set a $39.00 target price on Stag Industrial in a research note on Tuesday, January 13th. Citigroup lifted their target price on Stag Industrial from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Stag Industrial in a research note on Monday, December 22nd. Finally, Barclays reissued an “underweight” rating and issued a $39.00 price objective (down previously from $40.00) on shares of Stag Industrial in a research note on Tuesday, January 13th. Three 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $39.50.

Stag Industrial Trading Up 1.0%

Shares of STAG stock opened at $38.57 on Thursday. Stag Industrial has a 1-year low of $28.61 and a 1-year high of $39.88. The firm has a market cap of $7.37 billion, a PE ratio of 26.42 and a beta of 1.06. The company has a 50-day moving average of $37.66 and a two-hundred day moving average of $37.25. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.90 and a quick ratio of 1.90.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. Stag Industrial had a net margin of 32.35% and a return on equity of 7.68%. The firm had revenue of $220.90 million for the quarter, compared to analyst estimates of $213.66 million. During the same period in the prior year, the business posted $0.61 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, analysts predict that Stag Industrial will post 2.47 EPS for the current year.

Stag Industrial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $0.3875 dividend. This represents a $1.55 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Tuesday, March 31st. Stag Industrial’s dividend payout ratio (DPR) is presently 102.05%.

Institutional Trading of Stag Industrial

Several hedge funds have recently added to or reduced their stakes in STAG. State Street Corp grew its holdings in Stag Industrial by 1.5% during the 2nd quarter. State Street Corp now owns 9,539,842 shares of the real estate investment trust’s stock worth $347,261,000 after acquiring an additional 142,132 shares in the last quarter. Norges Bank purchased a new stake in shares of Stag Industrial during the 4th quarter worth $295,644,000. Alliancebernstein L.P. grew its stake in shares of Stag Industrial by 4.3% during the second quarter. Alliancebernstein L.P. now owns 3,950,923 shares of the real estate investment trust’s stock worth $143,339,000 after purchasing an additional 162,887 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its holdings in Stag Industrial by 10.7% in the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,911,540 shares of the real estate investment trust’s stock valued at $138,038,000 after buying an additional 377,952 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Stag Industrial by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 3,830,915 shares of the real estate investment trust’s stock valued at $140,851,000 after buying an additional 65,502 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Stag Industrial Company Profile

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.