STAG Industrial, Inc. (NYSE:STAG) Receives $41.13 Average Price Target from Analysts

STAG Industrial, Inc. (NYSE:STAG) has earned an average rating of “Hold” from the eight research firms that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $41.13.

STAG has been the topic of a number of research analyst reports. Barclays cut their target price on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Evercore ISI raised their target price on shares of STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Finally, Wells Fargo & Company cut their target price on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th.

STAG Industrial Stock Performance

Shares of STAG Industrial stock opened at $35.93 on Tuesday. STAG Industrial has a fifty-two week low of $34.09 and a fifty-two week high of $41.63. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market capitalization of $6.55 billion, a P/E ratio of 36.51 and a beta of 1.07. The company’s 50 day moving average price is $37.37 and its two-hundred day moving average price is $37.71.

STAG Industrial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.1233 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.12%. STAG Industrial’s dividend payout ratio (DPR) is presently 149.49%.

Hedge Funds Weigh In On STAG Industrial

A number of hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its holdings in STAG Industrial by 4.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 107,323 shares of the real estate investment trust’s stock valued at $4,126,000 after buying an additional 4,577 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in STAG Industrial by 4.6% in the first quarter. B. Riley Wealth Advisors Inc. now owns 10,666 shares of the real estate investment trust’s stock valued at $410,000 after buying an additional 470 shares during the period. Atria Investments Inc acquired a new position in STAG Industrial in the first quarter valued at $1,024,000. Cetera Investment Advisers lifted its holdings in STAG Industrial by 763.9% in the first quarter. Cetera Investment Advisers now owns 70,788 shares of the real estate investment trust’s stock valued at $2,721,000 after buying an additional 62,594 shares during the period. Finally, Cetera Advisors LLC lifted its holdings in STAG Industrial by 1.0% in the first quarter. Cetera Advisors LLC now owns 40,380 shares of the real estate investment trust’s stock valued at $1,552,000 after buying an additional 409 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

About STAG Industrial

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.