STAG Industrial (NYSE:STAG) Hits New 12-Month Low - Time to Sell?

STAG Industrial, Inc. (NYSE:STAG - Get Free Report) hit a new 52-week low on Thursday . The company traded as low as $33.03 and last traded at $33.07, with a volume of 598311 shares changing hands. The stock had previously closed at $33.82.

Analyst Ratings Changes

STAG has been the topic of several recent research reports. Raymond James lifted their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Wells Fargo & Company decreased their price target on shares of STAG Industrial from $41.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Monday, November 4th. Finally, Barclays cut their price objective on STAG Industrial from $42.00 to $40.00 and set an "equal weight" rating for the company in a research report on Monday, October 28th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $41.00.

STAG Industrial Stock Performance

The firm's 50 day simple moving average is $35.98 and its 200-day simple moving average is $37.64. The company has a market capitalization of $6.01 billion, a price-to-earnings ratio of 33.33 and a beta of 1.07. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42.

STAG Industrial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.1233 dividend. This represents a $1.48 annualized dividend and a yield of 4.48%. The ex-dividend date is Tuesday, December 31st. STAG Industrial's dividend payout ratio is currently 149.49%.

Institutional Trading of STAG Industrial

A number of hedge funds have recently made changes to their positions in STAG. UMB Bank n.a. raised its holdings in shares of STAG Industrial by 54.1% during the third quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 306 shares in the last quarter. Resources Management Corp CT ADV increased its position in STAG Industrial by 1.3% in the 2nd quarter. Resources Management Corp CT ADV now owns 29,475 shares of the real estate investment trust's stock worth $1,063,000 after purchasing an additional 370 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of STAG Industrial by 0.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 107,571 shares of the real estate investment trust's stock worth $4,204,000 after purchasing an additional 390 shares in the last quarter. Atria Investments Inc lifted its holdings in shares of STAG Industrial by 1.6% during the 3rd quarter. Atria Investments Inc now owns 26,428 shares of the real estate investment trust's stock valued at $1,033,000 after buying an additional 414 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of STAG Industrial by 0.4% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 111,167 shares of the real estate investment trust's stock valued at $4,346,000 after buying an additional 421 shares in the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

About STAG Industrial

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.