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

Shares of STAG Industrial, Inc. (NYSE:STAG - Get Free Report) have received an average rating of "Hold" from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $41.13.

Several analysts recently commented on the stock. Barclays decreased their price target on shares of STAG Industrial from $42.00 to $40.00 and set an "equal weight" rating for the company in a report on Monday, October 28th. Wells Fargo & Company lowered their price target on shares of STAG Industrial from $41.00 to $38.00 and set an "equal weight" rating on the stock in a report on Monday. Evercore ISI increased their price objective on STAG Industrial from $43.00 to $44.00 and gave the stock an "outperform" rating in a report on Wednesday, August 28th. Finally, Wedbush boosted their target price on STAG Industrial from $44.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, August 5th.

Hedge Funds Weigh In On STAG Industrial

Institutional investors and hedge funds have recently bought and sold shares of the stock. J.Safra Asset Management Corp increased its position in STAG Industrial by 708.5% during the first quarter. J.Safra Asset Management Corp now owns 663 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 581 shares during the period. Centerpoint Advisors LLC acquired a new stake in STAG Industrial during the second quarter worth $25,000. UMB Bank n.a. boosted its stake in STAG Industrial by 54.1% during the third quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust's stock worth $34,000 after buying an additional 306 shares in the last quarter. GAMMA Investing LLC boosted its stake in STAG Industrial by 56.1% during the second quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust's stock worth $33,000 after buying an additional 326 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new stake in STAG Industrial during the second quarter worth $38,000. Institutional investors own 88.67% of the company's stock.

STAG Industrial Trading Up 0.5 %

STAG Industrial stock traded up $0.18 during midday trading on Friday, reaching $37.36. The stock had a trading volume of 1,156,056 shares, compared to its average volume of 1,072,285. STAG Industrial has a twelve month low of $33.99 and a twelve month high of $41.63. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of 37.74 and a beta of 1.09. The firm's fifty day simple moving average is $38.53 and its two-hundred day simple moving average is $37.51.

STAG Industrial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.1233 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial's dividend payout ratio is 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.