Shares of STAG Industrial, Inc. (NYSE: STAG) have received a consensus rating of “Buy” from the six analysts who currently cover the stock, reports MarketBeat Ratings. One research analyst rated the stock with a keep recommendation and five gave the company a buy recommendation. The 12-month average target price among analysts who issued ratings on the stock in the past year is $ 44.17.
A number of analysts weighed on STAG shares. Royal Bank of Canada raised its price target on STAG Industrial from $ 46.00 to $ 50.00 and assigned the company an “outperformance” rating in a research note on Monday, November 8. Zacks Investment Research downgraded STAG Industrial from a “custody” rating to a “buy” rating and set a price target of $ 51.00 for the stock in a research note on Wednesday. Finally, Raymond James raised his price target on STAG Industrial from $ 45 to $ 47.00 and gave the company an “outperformance” rating in a research note on Monday, November 1.
Several institutional investors and hedge funds have recently bought and sold shares of STAG. First Bank & Trust increased its stake in STAG Industrial shares by 7.1% in the second quarter. First Bank & Trust now owns 4,292 real estate investment trust shares worth $ 161,000 after purchasing an additional 283 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings of STAG Industrial shares by 2.0% in the third quarter. Nissay Asset Management Corp Japan ADV now owns 14,764 shares of the REIT valued at $ 579,000 after purchasing an additional 287 shares in the last quarter. Ninepoint Partners LP increased its stake in STAG Industrial shares by 6.3% during the third quarter. Ninepoint Partners LP now owns 5,443 REITs worth $ 214,000 after purchasing an additional 323 shares in the last quarter. Stolper Co increased its stake in STAG Industrial shares by 0.7% during the third quarter. Stolper Co now owns 48,538 real estate investment trust shares worth $ 1,905,000 after purchasing an additional 360 shares in the last quarter. Finally, RFG Advisory LLC increased its stake in STAG Industrial shares by 3.1% during the second quarter. RFG Advisory LLC now owns 12,405 real estate investment trust shares worth $ 464,000 after purchasing an additional 374 shares during the last quarter. Institutional investors and hedge funds hold 85.95% of the company’s shares.
NYSE: STAG opened at $ 45.54 on Thursday. The company has a market cap of $ 7.73 billion, a PE ratio of 36.14, a price / earnings-growth ratio of 4.17, and a beta of 0.93. The stock has a fifty-day moving average price of $ 43.25 and a 200-day moving average price of $ 41.18. STAG Industrial has a 12 month low of $ 29.40 and a 12 month high of $ 45.98. The company has a current ratio of 1.57, a quick ratio of 1.57, and a debt ratio of 0.65.
STAG Industrial (NYSE: STAG) last released its results on Thursday, October 28. The REIT reported $ 0.30 in earnings per share (EPS) for the quarter, missing Zacks’ consensus estimate of $ 0.51 from ($ 0.21). The company posted revenue of $ 142.11 million in the quarter, compared to analysts’ expectations of $ 140.41 million. STAG Industrial generated a net margin of 37.23% and a return on equity of 7.28%. The company’s revenue for the quarter increased 19.1% year-over-year. In the same quarter of last year, the company posted earnings per share of $ 0.46. Equity analysts predict that STAG Industrial will post EPS of 2.05 for the current year.
The company also recently announced a monthly dividend, which will be paid on Tuesday, January 18. Shareholders of record on Friday, December 31 will receive a dividend of $ 0.1208 per share. This represents a dividend of $ 1.45 on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Thursday, December 30. STAG Industrial’s dividend distribution rate (DPR) is currently 115.08%.
About STAG Industriel
STAG Industrial, Inc is a real estate investment trust that focuses on the acquisition, ownership and operation of single tenant industrial properties across the United States. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.
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