Shares of STAG Industrial, Inc. (NYSE:STAG - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight research firms that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $40.38.
A number of research analysts have recently weighed in on the stock. Royal Bank of Canada cut their price target on shares of STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a report on Monday, January 27th. Barclays dropped their target price on shares of STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 28th. Finally, Raymond James lifted their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Wednesday, December 11th.
Get Our Latest Stock Report on STAG Industrial
Insider Activity at STAG Industrial
In other news, Director Benjamin S. Butcher sold 50,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total value of $1,755,000.00. Following the completion of the transaction, the director now owns 9,632 shares in the company, valued at $338,083.20. This represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.10% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC boosted its holdings in shares of STAG Industrial by 30.1% in the fourth quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust's stock valued at $305,224,000 after buying an additional 2,088,839 shares during the period. Earnest Partners LLC boosted its holdings in shares of STAG Industrial by 6.6% in the fourth quarter. Earnest Partners LLC now owns 3,795,425 shares of the real estate investment trust's stock valued at $128,361,000 after buying an additional 235,622 shares during the period. Nuveen Asset Management LLC boosted its holdings in STAG Industrial by 5.9% during the fourth quarter. Nuveen Asset Management LLC now owns 3,679,641 shares of the real estate investment trust's stock worth $124,445,000 after purchasing an additional 204,948 shares during the last quarter. Geode Capital Management LLC boosted its holdings in STAG Industrial by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 3,421,549 shares of the real estate investment trust's stock worth $115,748,000 after purchasing an additional 18,009 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in STAG Industrial by 7.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust's stock worth $123,883,000 after purchasing an additional 227,629 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company's stock.
STAG Industrial Stock Up 1.4 %
STAG stock traded up $0.49 during midday trading on Thursday, reaching $35.46. The company had a trading volume of 784,265 shares, compared to its average volume of 1,062,386. STAG Industrial has a 1 year low of $32.27 and a 1 year high of $41.63. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $6.62 billion, a P/E ratio of 34.10 and a beta of 1.05. The company has a 50 day moving average of $34.75 and a two-hundred day moving average of $36.49.
STAG Industrial (NYSE:STAG - Get Free Report) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. On average, equities research analysts expect that STAG Industrial will post 2.47 earnings per share for the current fiscal year.
STAG Industrial Increases Dividend
The company also recently disclosed a dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.1242 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a yield of 4.25%. This is a boost from STAG Industrial's previous dividend of $0.12. STAG Industrial's payout ratio is currently 143.27%.
About STAG Industrial
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Get Free ReportSTAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.
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