STAG Industrial (NYSE:STAG) Hits New 1-Year Low - Should You Sell?

Shares of STAG Industrial, Inc. (NYSE:STAG - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $33.97 and last traded at $33.97, with a volume of 1266103 shares trading hands. The stock had previously closed at $35.38.

Analysts Set New Price Targets

Several research firms have recently weighed in on STAG. Wells Fargo & Company reduced their price objective on STAG Industrial from $41.00 to $38.00 and set an "equal weight" rating for the company in a research report on Monday, November 4th. Barclays decreased their price target on shares of STAG Industrial from $42.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Monday, October 28th. Evercore ISI upped their price objective on shares of STAG Industrial from $43.00 to $44.00 and gave the company an "outperform" rating in a research report on Wednesday, August 28th. Finally, Raymond James increased their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $41.00.

STAG Industrial Stock Performance

The stock has a 50 day moving average price of $36.94 and a two-hundred day moving average price of $37.77. 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 company has a market capitalization of $6.19 billion, a price-to-earnings ratio of 34.31 and a beta of 1.07.

STAG Industrial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.1233 dividend. This represents a $1.48 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial's dividend payout ratio is 149.49%.

Institutional Trading of STAG Industrial

Several institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC increased its stake in shares of STAG Industrial by 145.5% in the 3rd quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust's stock valued at $271,132,000 after acquiring an additional 4,111,268 shares during the last quarter. Earnest Partners LLC grew its holdings in STAG Industrial by 2.2% during the second 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 during the period. Geode Capital Management LLC increased its stake in STAG Industrial by 0.6% in the third quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust's stock valued at $133,077,000 after purchasing an additional 21,925 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in STAG Industrial by 7.7% in 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 period. Finally, Dimensional Fund Advisors LP boosted its position in shares of STAG Industrial by 6.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,865,673 shares of the real estate investment trust's stock worth $103,333,000 after purchasing an additional 167,532 shares in the last quarter. Institutional investors own 88.67% of the company's stock.

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.

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