STAG Industrial, Inc. (NYSE:STAG) Given Consensus Rating of “Hold” by Brokerages

Shares of STAG Industrial, Inc. (NYSE:STAG) have earned a consensus rating of “Hold” from the eight analysts that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $39.89.

Several equities analysts have issued reports on the company. BNP Paribas assumed coverage on STAG Industrial in a research note on Tuesday, June 4th. They issued a “neutral” rating and a $39.00 target price on the stock. Barclays dropped their price target on STAG Industrial from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday, May 24th. Finally, Wedbush boosted their price target on STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday.

Insider Buying and Selling at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $34.81, for a total value of $1,044,300.00. Following the completion of the transaction, the director now directly owns 8,304 shares of the company’s stock, valued at $289,062.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Benjamin S. Butcher sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $34.81, for a total transaction of $1,044,300.00. Following the completion of the transaction, the director now directly owns 8,304 shares of the company’s stock, valued at approximately $289,062.24. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Benjamin S. Butcher sold 34,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $40.78, for a total value of $1,386,520.00. Following the transaction, the director now directly owns 8,758 shares of the company’s stock, valued at $357,151.24. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of STAG Industrial by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 26,237,263 shares of the real estate investment trust’s stock worth $1,008,560,000 after buying an additional 176,332 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of STAG Industrial by 22.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,248,373 shares of the real estate investment trust’s stock worth $206,051,000 after buying an additional 961,420 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of STAG Industrial by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,832,545 shares of the real estate investment trust’s stock worth $111,206,000 after buying an additional 104,190 shares during the period. Dimensional Fund Advisors LP increased its position in shares of STAG Industrial by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,660,590 shares of the real estate investment trust’s stock worth $104,456,000 after purchasing an additional 39,739 shares in the last quarter. Finally, Boston Trust Walden Corp increased its position in shares of STAG Industrial by 1.0% during the second quarter. Boston Trust Walden Corp now owns 2,552,752 shares of the real estate investment trust’s stock worth $92,052,000 after purchasing an additional 25,779 shares in the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

STAG Industrial Price Performance

Shares of STAG stock opened at $39.46 on Wednesday. The stock’s 50-day moving average is $36.91 and its 200 day moving average is $36.90. STAG Industrial has a 1-year low of $31.69 and a 1-year high of $41.63. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.60 and a quick ratio of 1.75. The company has a market cap of $7.18 billion, a P/E ratio of 39.46, a PEG ratio of 5.69 and a beta of 1.09.

STAG Industrial Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be issued a $0.1233 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This is an increase from STAG Industrial’s previous dividend of $0.12. This represents a yield of 3.63%. STAG Industrial’s payout ratio is presently 148.00%.

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.