Stag Industrial Inc (STAG) Receives $28.83 Consensus Price Target from Analysts

Shares of Stag Industrial Inc (NYSE:STAG) have earned an average recommendation of “Hold” from the eleven brokerages that are presently covering the stock, reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $28.83.

Several brokerages have recently weighed in on STAG. JPMorgan Chase & Co. cut shares of Stag Industrial from an “overweight” rating to a “neutral” rating and set a $27.00 price target on the stock. in a research note on Friday, June 15th. UBS Group lifted their price target on shares of Stag Industrial from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, June 21st.

STAG stock traded down $0.11 on Wednesday, hitting $28.39. The company had a trading volume of 605,139 shares, compared to its average volume of 625,739. Stag Industrial has a 12-month low of $22.42 and a 12-month high of $29.07. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $2.96 billion, a P/E ratio of 16.80, a P/E/G ratio of 3.01 and a beta of 1.07.

Stag Industrial (NYSE:STAG) last issued its earnings results on Tuesday, July 31st. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. Stag Industrial had a net margin of 19.24% and a return on equity of 5.08%. The company had revenue of $85.47 million for the quarter, compared to analysts’ expectations of $84.32 million. equities analysts predict that Stag Industrial will post 1.79 earnings per share for the current year.

The firm also recently declared a monthly dividend, which will be paid on Monday, September 17th. Stockholders of record on Friday, August 31st will be paid a dividend of $0.1183 per share. This represents a $1.42 annualized dividend and a dividend yield of 5.00%. The ex-dividend date of this dividend is Thursday, August 30th. Stag Industrial’s dividend payout ratio is presently 84.02%.

Several institutional investors have recently modified their holdings of the company. Optimum Investment Advisors purchased a new position in shares of Stag Industrial during the 1st quarter valued at $119,000. Stratos Wealth Partners LTD. lifted its stake in shares of Stag Industrial by 1,243.8% during the 1st quarter. Stratos Wealth Partners LTD. now owns 5,375 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 4,975 shares in the last quarter. Clear Harbor Asset Management LLC bought a new stake in Stag Industrial in the 2nd quarter valued at $201,000. M&T Bank Corp bought a new stake in Stag Industrial in the 1st quarter valued at $208,000. Finally, Private Advisor Group LLC bought a new stake in Stag Industrial in the 2nd quarter valued at $212,000. Institutional investors and hedge funds own 84.41% of the company’s stock.

About Stag Industrial

STAG Industrial, Inc (the ?Company?) is an industrial real estate operating company focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (?REIT?) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.

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Analyst Recommendations for Stag Industrial (NYSE:STAG)

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