STAG Industrial (NYSE:STAG) Hits New 52-Week Low - Should You Sell?

STAG Industrial, Inc. (NYSE:STAG - Get Free Report)'s share price hit a new 52-week low on Monday . The stock traded as low as $30.80 and last traded at $31.46, with a volume of 448828 shares. The stock had previously closed at $32.88.

Wall Street Analyst Weigh In

STAG has been the subject of several recent research reports. Barclays cut their price target on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a report on Tuesday, January 28th. Royal Bank of Canada cut their target price 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. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $40.14.

STAG Industrial Price Performance

The stock has a 50-day simple moving average of $34.83 and a 200 day simple moving average of $35.54. The company has a market cap of $5.86 billion, a PE ratio of 30.18 and a beta of 0.96. 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 (NYSE:STAG - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. Equities analysts expect that STAG Industrial, Inc. will post 2.47 EPS for the current year.

Remove Ads

STAG Industrial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.1242 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.75%. STAG Industrial's payout ratio is currently 143.27%.

Insider Activity at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the business's stock in a transaction dated 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 sale, the director now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Versant Capital Management Inc boosted its position in STAG Industrial by 204.9% in the 1st quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 506 shares during the period. Sugar Maple Asset Management LLC acquired a new stake in STAG Industrial in the 4th quarter valued at about $43,000. Quarry LP purchased a new position in shares of STAG Industrial in the 4th quarter valued at about $62,000. Hilltop National Bank grew its position in shares of STAG Industrial by 19.2% during the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust's stock worth $76,000 after buying an additional 362 shares in the last quarter. Finally, Principal Securities Inc. increased its stake in shares of STAG Industrial by 20.7% during the fourth quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust's stock worth $101,000 after buying an additional 510 shares during the period. Institutional investors and hedge funds own 88.67% of the company's stock.

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.