Stag Industrial Inc (NYSE:STAG) has earned an average rating of “Buy” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $29.70.

A number of research firms recently commented on STAG. Berenberg Bank began coverage on Stag Industrial in a research report on Tuesday, April 23rd. They set a “hold” rating and a $30.00 price objective for the company. Zacks Investment Research upgraded Stag Industrial from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. LADENBURG THALM/SH SH upped their price objective on Stag Industrial from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, February 20th. ValuEngine cut Stag Industrial from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Finally, TheStreet upgraded Stag Industrial from a “c+” rating to a “b” rating in a research report on Thursday, February 21st.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc boosted its stake in shares of Stag Industrial by 5.8% in the third quarter. Vanguard Group Inc now owns 14,841,260 shares of the real estate investment trust’s stock worth $408,135,000 after acquiring an additional 813,941 shares during the period. Zimmer Partners LP bought a new position in Stag Industrial during the fourth quarter valued at approximately $63,247,000. Geode Capital Management LLC boosted its stake in Stag Industrial by 11.4% during the fourth quarter. Geode Capital Management LLC now owns 1,121,785 shares of the real estate investment trust’s stock valued at $27,909,000 after buying an additional 114,578 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in Stag Industrial by 8.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 35,229 shares of the real estate investment trust’s stock valued at $876,000 after buying an additional 2,613 shares during the last quarter. Finally, Advisory Services Network LLC boosted its stake in Stag Industrial by 74.0% during the fourth quarter. Advisory Services Network LLC now owns 3,513 shares of the real estate investment trust’s stock valued at $87,000 after buying an additional 1,494 shares during the last quarter. Institutional investors and hedge funds own 81.07% of the company’s stock.

Shares of NYSE STAG traded up $0.15 during mid-day trading on Monday, hitting $31.28. 38,957 shares of the stock traded hands, compared to its average volume of 873,867. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.28 and a current ratio of 1.28. Stag Industrial has a 52 week low of $23.24 and a 52 week high of $31.30. The company has a market capitalization of $3.91 billion, a P/E ratio of 17.47, a price-to-earnings-growth ratio of 3.57 and a beta of 0.95. The stock has a fifty day moving average of $29.62.

Stag Industrial (NYSE:STAG) last released its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.39). The firm had revenue of $95.70 million for the quarter, compared to the consensus estimate of $95.19 million. Stag Industrial had a net margin of 19.44% and a return on equity of 4.63%. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Analysts forecast that Stag Industrial will post 1.82 EPS for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.1192 dividend. This represents a $1.43 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date is Thursday, June 27th. Stag Industrial’s payout ratio is 79.89%.

Stag Industrial Company Profile

STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition, ownership, and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (“REIT”) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.

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Analyst Recommendations for Stag Industrial (NYSE:STAG)

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