STAG Industrial, Inc. (NYSE:STAG) Receives $40.38 Average Price Target from Analysts

Shares of STAG Industrial, Inc. (NYSE:STAG - Get Free Report) have been assigned a consensus rating of "Hold" from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $40.14.

Several research analysts recently commented on STAG shares. Royal Bank of Canada reduced their price objective on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating for the company in a research note on Monday, January 27th. Barclays reduced their target price on shares of STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 28th.

Insider Transactions at STAG Industrial

In other news, Director Benjamin S. Butcher sold 50,000 shares of the firm'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 transaction of $1,755,000.00. Following the completion of the sale, the director now owns 9,632 shares in the company, valued at $338,083.20. This trade represents a 83.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company's stock.

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Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. FMR LLC raised its position in 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 purchasing an additional 2,088,839 shares during the period. Earnest Partners LLC raised its holdings in STAG Industrial by 6.6% in the 4th 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 lifted its position in STAG Industrial by 5.9% in the fourth quarter. Nuveen Asset Management LLC now owns 3,679,641 shares of the real estate investment trust's stock valued at $124,445,000 after buying an additional 204,948 shares during the last quarter. Geode Capital Management LLC boosted its stake 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 buying an additional 18,009 shares during the period. Finally, Channing Capital Management LLC increased its position in shares of STAG Industrial by 7.8% during the fourth quarter. Channing Capital Management LLC now owns 2,259,638 shares of the real estate investment trust's stock valued at $76,421,000 after acquiring an additional 164,284 shares during the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

STAG Industrial Price Performance

Shares of STAG Industrial stock traded up $0.49 on Monday, reaching $31.39. The company's stock had a trading volume of 1,612,296 shares, compared to its average volume of 1,192,725. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $5.86 billion, a P/E ratio of 30.18 and a beta of 0.96. The stock has a 50-day moving average price of $34.83 and a 200-day moving average price of $35.54. STAG Industrial has a 52-week low of $28.61 and a 52-week high of $41.63.

STAG Industrial (NYSE:STAG - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. Analysts expect that STAG Industrial will post 2.47 EPS for the current year.

STAG Industrial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.1242 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date of this dividend is Monday, June 30th. STAG Industrial's dividend payout ratio (DPR) is presently 143.27%.

About STAG Industrial

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.