Analysts Set STAG Industrial, Inc. (NYSE:STAG) Target Price at $40.63

Shares of STAG Industrial, Inc. (NYSE:STAG - Get Free Report) have been given an average rating of "Hold" by the seven analysts that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $40.63.

Several research analysts have recently weighed in on STAG shares. BNP Paribas started coverage on STAG Industrial in a research note on Tuesday, June 4th. They set a "neutral" rating and a $39.00 price target for the company. Barclays increased their target price on shares of STAG Industrial from $38.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 14th. Finally, Wedbush boosted their price target on shares of STAG Industrial from $44.00 to $45.00 and gave the company an "outperform" rating in a research report on Monday, August 5th.

STAG Industrial Stock Performance

NYSE STAG traded up $0.55 on Friday, hitting $40.45. 729,013 shares of the stock traded hands, compared to its average volume of 1,104,537. The firm has a market capitalization of $7.37 billion, a price-to-earnings ratio of 40.45, a PEG ratio of 4.07 and a beta of 1.09. The business's fifty day moving average is $38.13 and its two-hundred day moving average is $37.08. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.60 and a current ratio of 1.60. STAG Industrial has a 12 month low of $31.69 and a 12 month high of $41.63.

STAG Industrial Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were given a $0.1233 dividend. This represents a yield of 3.63%. The ex-dividend date was Wednesday, July 31st. This is a boost from STAG Industrial's previous dividend of $0.12. STAG Industrial's dividend payout ratio (DPR) is presently 148.00%.

Insider Buying and Selling at STAG Industrial

In related news, Director Benjamin S. Butcher sold 34,000 shares of the firm's stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $40.78, for a total transaction of $1,386,520.00. Following the transaction, the director now directly owns 8,758 shares in the company, valued at approximately $357,151.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Benjamin S. Butcher sold 34,000 shares of the company's stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $40.78, for a total transaction of $1,386,520.00. Following the completion of the transaction, the director now directly owns 8,758 shares of the company's stock, valued at $357,151.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Benjamin S. Butcher sold 30,000 shares of the firm's stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $34.81, for a total value of $1,044,300.00. Following the completion of the sale, the director now directly owns 8,304 shares in the company, valued at $289,062.24. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Institutional Trading of STAG Industrial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its stake in STAG Industrial by 3.7% in the fourth quarter. Principal Financial Group Inc. now owns 748,765 shares of the real estate investment trust's stock worth $29,397,000 after purchasing an additional 26,700 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of STAG Industrial in the 1st quarter worth about $3,222,000. Centersquare Investment Management LLC increased its stake in shares of STAG Industrial by 24.9% in the 1st quarter. Centersquare Investment Management LLC now owns 129,800 shares of the real estate investment trust's stock worth $4,990,000 after acquiring an additional 25,844 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in STAG Industrial by 22.4% during the 4th 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 acquiring an additional 961,420 shares during the period. Finally, Westfield Capital Management Co. LP boosted its stake in STAG Industrial by 12.3% during the first quarter. Westfield Capital Management Co. LP now owns 967,485 shares of the real estate investment trust's stock worth $37,190,000 after acquiring an additional 106,217 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company's stock.

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.