Brokerages Set Stag Industrial, Inc. (NYSE:STAG) Price Target at $40.70

Shares of Stag Industrial, Inc. (NYSE:STAG) have received a consensus rating of “Hold” from the ten research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $40.70.

STAG has been the subject of several recent analyst reports. Raymond James Financial initiated coverage on Stag Industrial in a report on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 price objective for the company. Barclays boosted their target price on shares of Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, July 16th. Weiss Ratings lowered shares of Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Wells Fargo & Company cut their price target on shares of Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, June 1st. Finally, Evercore reissued an “outperform” rating and issued a $44.00 price objective on shares of Stag Industrial in a research report on Wednesday, April 29th.

Stag Industrial Stock Performance

STAG opened at $40.69 on Friday. The business’s 50-day simple moving average is $38.85 and its 200 day simple moving average is $38.36. Stag Industrial has a 52-week low of $33.72 and a 52-week high of $42.61. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market capitalization of $7.78 billion, a PE ratio of 31.54 and a beta of 0.97.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.09. Stag Industrial had a return on equity of 6.80% and a net margin of 28.25%.The firm had revenue of $224.21 million during the quarter, compared to the consensus estimate of $221.51 million. During the same period last year, the company earned $0.61 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. As a group, sell-side analysts expect that Stag Industrial will post 2.64 earnings per share for the current fiscal year.

Institutional Trading of Stag Industrial

Several institutional investors and hedge funds have recently bought and sold shares of the business. Clearstead Advisors LLC increased its holdings in shares of Stag Industrial by 193.6% during the 4th quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 482 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in Stag Industrial during the 3rd quarter valued at $27,000. International Assets Investment Management LLC bought a new position in Stag Industrial during the fourth quarter worth $51,000. EverSource Wealth Advisors LLC boosted its position in Stag Industrial by 270.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 1,048 shares during the period. Finally, Root Financial Partners LLC increased its holdings in shares of Stag Industrial by 32.9% in the fourth quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 397 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

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.