Stag Industrial (NYSE:STAG) had its price target boosted by LADENBURG THALM/SH SH from $31.00 to $32.00 in a research report sent to investors on Wednesday, The Fly reports. They currently have a buy rating on the real estate investment trust’s stock.
A number of other equities research analysts also recently weighed in on the company. DA Davidson dropped their target price on Stag Industrial to $27.00 and set a neutral rating for the company in a research report on Tuesday, January 1st. Zacks Investment Research downgraded Stag Industrial from a hold rating to a sell rating in a research report on Thursday, January 17th. JMP Securities restated an outperform rating on shares of Stag Industrial in a research report on Wednesday, January 2nd. Raymond James dropped their target price on Stag Industrial from $29.50 to $28.50 and set an outperform rating for the company in a research report on Monday, November 5th. Finally, ValuEngine upgraded Stag Industrial from a hold rating to a buy rating in a report on Friday, February 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $27.92.
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STAG stock opened at $28.29 on Wednesday. The firm has a market cap of $3.20 billion, a PE ratio of 15.80, a PEG ratio of 2.98 and a beta of 1.10. Stag Industrial has a twelve month low of $22.57 and a twelve month high of $29.07. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.83.
Stag Industrial (NYSE:STAG) last released its earnings results on Wednesday, February 13th. The real estate investment trust reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The company had revenue of $93.29 million during the quarter, compared to the consensus estimate of $91.61 million. Stag Industrial had a return on equity of 6.16% and a net margin of 24.98%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.44 earnings per share. On average, equities research analysts predict that Stag Industrial will post 1.87 earnings per share for the current fiscal year.
The business also recently disclosed a monthly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, February 28th will be issued a $0.1192 dividend. The ex-dividend date is Wednesday, February 27th. This represents a $1.43 dividend on an annualized basis and a yield of 5.05%. Stag Industrial’s dividend payout ratio is presently 79.89%.
In related news, CEO Benjamin S. Butcher sold 90,000 shares of the company’s stock in a transaction dated Friday, January 4th. The stock was sold at an average price of $24.28, for a total value of $2,185,200.00. Following the completion of the sale, the chief executive officer now owns 162,088 shares in the company, valued at $3,935,496.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peter S. Fearey sold 6,595 shares of the company’s stock in a transaction dated Monday, January 7th. The shares were sold at an average price of $24.46, for a total value of $161,313.70. The disclosure for this sale can be found here. Insiders sold 252,334 shares of company stock valued at $6,138,541 in the last quarter. 1.70% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio grew its stake in Stag Industrial by 45.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,365 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 426 shares during the period. Private Capital Group LLC grew its stake in Stag Industrial by 242.9% in the fourth quarter. Private Capital Group LLC now owns 1,728 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 1,224 shares during the period. Athena Capital Advisors LLC acquired a new position in Stag Industrial in the fourth quarter valued at about $50,000. Oppenheimer Asset Management Inc. acquired a new position in Stag Industrial in the fourth quarter valued at about $55,000. Finally, Advisory Services Network LLC grew its stake in Stag Industrial by 74.0% in 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 acquiring an additional 1,494 shares during the period. Institutional investors and hedge funds own 83.68% of the company’s stock.
Stag Industrial Company Profile
STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition 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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