Brokerages Set STAG Industrial, Inc. (NYSE:STAG) PT at $41.13

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

A number of equities research analysts recently issued reports on STAG shares. Evercore ISI raised their price target on STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Wedbush raised their price target on STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Barclays decreased their price target on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Finally, Wells Fargo & Company decreased their price target on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th.

Institutional Investors Weigh In On STAG Industrial

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of STAG Industrial in the 1st quarter worth $3,222,000. BNP Paribas Financial Markets raised its position in shares of STAG Industrial by 12.9% in the 1st quarter. BNP Paribas Financial Markets now owns 119,156 shares of the real estate investment trust’s stock worth $4,580,000 after acquiring an additional 13,574 shares in the last quarter. Texas Permanent School Fund Corp raised its position in shares of STAG Industrial by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 158,909 shares of the real estate investment trust’s stock worth $6,108,000 after acquiring an additional 2,078 shares in the last quarter. SG Americas Securities LLC grew its stake in STAG Industrial by 1,527.8% during the 1st quarter. SG Americas Securities LLC now owns 64,118 shares of the real estate investment trust’s stock worth $2,465,000 after buying an additional 60,179 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in STAG Industrial by 4.2% during the 1st quarter. Oppenheimer & Co. Inc. now owns 162,001 shares of the real estate investment trust’s stock worth $6,227,000 after buying an additional 6,579 shares during the last quarter. 88.67% of the stock is owned by institutional investors.

STAG Industrial Price Performance

Shares of STAG Industrial stock opened at $36.79 on Friday. STAG Industrial has a one year low of $33.99 and a one year high of $41.63. 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 stock has a market cap of $6.70 billion, a price-to-earnings ratio of 37.16 and a beta of 1.09. The stock has a 50 day moving average price of $38.33 and a 200-day moving average price of $37.59.

STAG Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.1233 per share. This represents a $1.48 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial’s dividend payout ratio (DPR) is presently 149.49%.

STAG Industrial Company Profile

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.