FY2024 EPS Estimates for STAG Industrial Boosted by Wedbush

STAG Industrial, Inc. (NYSE:STAGFree Report) – Equities researchers at Wedbush raised their FY2024 earnings per share (EPS) estimates for STAG Industrial in a report issued on Monday, January 27th. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will post earnings of $2.45 per share for the year, up from their prior forecast of $2.40. The consensus estimate for STAG Industrial’s current full-year earnings is $2.40 per share.

A number of other equities research analysts have also recently commented on STAG. Raymond James increased their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Royal Bank of Canada cut their price objective on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a report on Monday. Wells Fargo & Company lowered their target price on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Finally, Barclays cut their price target on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $40.38.

Read Our Latest Stock Report on STAG

STAG Industrial Stock Down 1.4 %

NYSE STAG opened at $33.91 on Wednesday. The business has a fifty day moving average price of $34.77 and a 200 day moving average price of $37.38. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market cap of $6.18 billion, a P/E ratio of 34.26 and a beta of 1.09. STAG Industrial has a one year low of $32.27 and a one year high of $41.63.

STAG Industrial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.1242 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.49 annualized dividend and a yield of 4.39%. STAG Industrial’s payout ratio is 149.49%.

Institutional Trading of STAG Industrial

A number of hedge funds and other institutional investors have recently modified their holdings of the business. UMB Bank n.a. boosted its position in shares of STAG Industrial by 54.1% during the third quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 306 shares during the period. Values First Advisors Inc. lifted its stake in STAG Industrial by 2.2% during the 4th quarter. Values First Advisors Inc. now owns 14,562 shares of the real estate investment trust’s stock worth $492,000 after acquiring an additional 307 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in STAG Industrial by 3.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 12,025 shares of the real estate investment trust’s stock valued at $407,000 after acquiring an additional 347 shares during the period. Peak Financial Advisors LLC grew its position in STAG Industrial by 3.0% in the 4th quarter. Peak Financial Advisors LLC now owns 12,415 shares of the real estate investment trust’s stock valued at $420,000 after acquiring an additional 356 shares in the last quarter. Finally, Hilltop National Bank increased its stake in STAG Industrial by 19.2% during the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 362 shares during the period. 88.67% of the stock is owned by institutional investors and hedge funds.

About STAG Industrial

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STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.

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