Headlines about Stag Industrial (NYSE:STAG) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Stag Industrial earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.3002059569399 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Several brokerages have recently weighed in on STAG. J P Morgan Chase & Co upgraded shares of Stag Industrial from a “neutral” rating to an “overweight” rating and set a $30.00 price objective on the stock in a report on Friday. Jefferies Group reiterated a “buy” rating and set a $32.00 price objective on shares of Stag Industrial in a report on Tuesday, September 26th. TheStreet upgraded shares of Stag Industrial from a “c” rating to a “b-” rating in a report on Tuesday, November 14th. BidaskClub lowered shares of Stag Industrial from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 25th. Finally, UBS upgraded shares of Stag Industrial from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $21.00 to $28.00 in a report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. Stag Industrial has a consensus rating of “Buy” and an average price target of $28.50.
Shares of Stag Industrial (NYSE:STAG) traded up $0.05 during mid-day trading on Friday, hitting $28.03. 1,570,000 shares of the stock traded hands, compared to its average volume of 529,186. The stock has a market cap of $2,637.15, a price-to-earnings ratio of 16.78, a P/E/G ratio of 3.10 and a beta of 1.25. Stag Industrial has a 1-year low of $22.70 and a 1-year high of $28.95. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.09 and a current ratio of 0.09.
The firm also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be issued a $0.1183 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $1.42 annualized dividend and a yield of 5.07%. Stag Industrial’s payout ratio is 261.12%.
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About Stag Industrial
STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.
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