STAG Industrial, Inc. (NYSE:STAG) Given Consensus Recommendation of “Hold” by Analysts

STAG Industrial, Inc. (NYSE:STAGGet Free Report) has been given a consensus rating of “Hold” by the five analysts that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $38.50.

STAG has been the subject of a number of research analyst reports. Royal Bank of Canada boosted their target price on STAG Industrial from $39.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, February 16th. Robert W. Baird reissued a “neutral” rating and issued a $41.00 target price (up from $38.00) on shares of STAG Industrial in a research note on Friday, January 5th.

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STAG Industrial Trading Up 1.0 %

NYSE STAG opened at $37.52 on Friday. The stock has a 50-day simple moving average of $38.19 and a 200 day simple moving average of $36.42. The company has a market capitalization of $6.82 billion, a PE ratio of 34.74, a P/E/G ratio of 5.24 and a beta of 1.02. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.76. STAG Industrial has a 12 month low of $31.01 and a 12 month high of $39.61.

STAG Industrial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.1233 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.48 annualized dividend and a dividend yield of 3.94%. STAG Industrial’s dividend payout ratio is currently 137.04%.

Insider Transactions at STAG Industrial

In other news, EVP Jeffrey M. Sullivan sold 19,650 shares of the company’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $38.84, for a total transaction of $763,206.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CAO Jaclyn Paul sold 12,900 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $38.57, for a total transaction of $497,553.00. Following the completion of the transaction, the chief accounting officer now directly owns 10,916 shares of the company’s stock, valued at $421,030.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeffrey M. Sullivan sold 19,650 shares of the stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $38.84, for a total value of $763,206.00. The disclosure for this sale can be found here. Insiders sold 57,550 shares of company stock valued at $2,231,759 over the last three months. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in STAG Industrial by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 26,060,931 shares of the real estate investment trust’s stock valued at $1,023,152,000 after buying an additional 110,453 shares during the period. BlackRock Inc. raised its stake in STAG Industrial by 14.7% in the second quarter. BlackRock Inc. now owns 21,196,174 shares of the real estate investment trust’s stock valued at $760,519,000 after buying an additional 2,724,076 shares during the period. State Street Corp raised its stake in STAG Industrial by 11.6% in the second quarter. State Street Corp now owns 9,782,753 shares of the real estate investment trust’s stock valued at $352,179,000 after buying an additional 1,016,348 shares during the period. Massachusetts Financial Services Co. MA raised its stake in STAG Industrial by 22.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,248,373 shares of the real estate investment trust’s stock valued at $206,051,000 after buying an additional 961,420 shares during the period. Finally, Alliancebernstein L.P. raised its stake in STAG Industrial by 13.9% in the fourth quarter. Alliancebernstein L.P. now owns 4,241,749 shares of the real estate investment trust’s stock valued at $137,051,000 after buying an additional 516,088 shares during the period. 88.68% of the stock is owned by institutional investors and hedge funds.

About STAG Industrial

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We are a REIT focused on the acquisition, ownership and operation of industrial properties throughout the United States. We seek to (i) identify properties for acquisition that offer relative value across all locations, industrial property types, and tenants through the principled application of our proprietary risk assessment model, (ii) operate our properties in an efficient, cost-effective manner, and (iii) capitalize our business appropriately given the characteristics of our assets.

Further Reading

Analyst Recommendations for STAG Industrial (NYSE:STAG)

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