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

STAG Industrial, Inc. (NYSE:STAG - Get Free Report) has been given an average recommendation of "Hold" by the eight brokerages that are presently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $41.13.

Several research firms have recently weighed in on STAG. Wedbush lifted their target price on shares of STAG Industrial from $44.00 to $45.00 and gave the stock an "outperform" rating in a research note on Monday, August 5th. Evercore ISI lifted their target price on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 28th. Barclays reduced their price objective on shares of STAG Industrial from $42.00 to $40.00 and set an "equal weight" rating for the company in a research note on Monday, October 28th. Finally, Wells Fargo & Company reduced their price objective on shares of STAG Industrial from $41.00 to $38.00 and set an "equal weight" rating for the company in a research note on Monday, November 4th.

Institutional Investors Weigh In On STAG Industrial

Institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers boosted its stake in shares of STAG Industrial by 763.9% in the 1st quarter. Cetera Investment Advisers now owns 70,788 shares of the real estate investment trust's stock valued at $2,721,000 after purchasing an additional 62,594 shares in the last quarter. Earnest Partners LLC boosted its stake in shares of STAG Industrial by 2.2% in the 2nd quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust's stock valued at $131,727,000 after purchasing an additional 78,189 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of STAG Industrial by 317.6% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 34,067 shares of the real estate investment trust's stock valued at $1,228,000 after purchasing an additional 25,909 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in STAG Industrial by 314.5% during the 3rd quarter. Los Angeles Capital Management LLC now owns 145,520 shares of the real estate investment trust's stock valued at $5,688,000 after buying an additional 110,410 shares during the last quarter. Finally, Atria Investments Inc bought a new stake in STAG Industrial during the 1st quarter valued at $1,024,000. Hedge funds and other institutional investors own 88.67% of the company's stock.

STAG Industrial Stock Performance

Shares of STAG traded up $0.13 during trading hours on Tuesday, hitting $36.53. The company's stock had a trading volume of 1,241,711 shares, compared to its average volume of 1,070,730. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 36.80 and a beta of 1.07. 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 business has a 50 day simple moving average of $37.49 and a two-hundred day simple moving average of $37.72. STAG Industrial has a 52-week low of $34.09 and a 52-week high of $41.63.

STAG Industrial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.1233 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 4.05%. STAG Industrial's dividend payout ratio is presently 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.