STAG Industrial, Inc. (NYSE:STAG) Receives $40.38 Consensus Price Target from Brokerages

STAG Industrial, Inc. (NYSE:STAG - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eight ratings firms that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $40.38.

Several research analysts have weighed in on the company. Royal Bank of Canada lowered their target price on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a research note on Monday, January 27th. Raymond James lifted their target price on STAG Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Finally, Barclays lowered their target price on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 28th.

Insider Buying and Selling

In related news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the completion of the transaction, the director now directly owns 9,632 shares of the company's stock, valued at approximately $338,083.20. The trade was a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by insiders.

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Hedge Funds Weigh In On STAG Industrial

Several hedge funds and other institutional investors have recently bought and sold shares of STAG. FMR LLC raised its holdings in STAG Industrial by 145.5% during the third quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust's stock worth $271,132,000 after purchasing an additional 4,111,268 shares during the last quarter. Norges Bank acquired a new position in shares of STAG Industrial in the fourth quarter worth $75,471,000. Raymond James Financial Inc. acquired a new position in shares of STAG Industrial in the fourth quarter worth $57,561,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of STAG Industrial by 442.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,364,411 shares of the real estate investment trust's stock worth $46,144,000 after acquiring an additional 1,112,757 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of STAG Industrial by 330.5% in the third quarter. Bank of Montreal Can now owns 1,346,149 shares of the real estate investment trust's stock worth $52,823,000 after acquiring an additional 1,033,485 shares during the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

STAG Industrial Stock Performance

NYSE:STAG traded up $0.50 during mid-day trading on Thursday, reaching $35.47. 1,700,098 shares of the stock were exchanged, compared to its average volume of 1,061,727. The company has a 50 day simple moving average of $34.83 and a 200-day simple moving average of $36.42. The stock has a market capitalization of $6.62 billion, a P/E ratio of 34.11 and a beta of 1.05. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. STAG Industrial has a 1 year low of $32.27 and a 1 year high of $41.63.

STAG Industrial (NYSE:STAG - Get Free Report) last released its quarterly 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 return on equity of 5.51% and a net margin of 24.64%. Analysts anticipate that STAG Industrial will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.1242 dividend. This is a boost from STAG Industrial's previous dividend of $0.12. This represents a dividend yield of 4.25%. The ex-dividend date is Friday, February 28th. STAG Industrial's dividend payout ratio (DPR) is currently 143.27%.

STAG Industrial Company Profile

STAG 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.