Brokerages Set STAG Industrial, Inc. (NYSE:STAG) Target Price at $41.13

STAG Industrial, Inc. (NYSE:STAG) has been assigned an average recommendation of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $41.13.

Several equities analysts recently commented on STAG shares. Wells Fargo & Company reduced their target price on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Evercore ISI raised their price objective on STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Wedbush boosted their target price on STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, Barclays dropped their target price on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, October 28th.

Institutional Investors Weigh In On STAG Industrial

Several institutional investors and hedge funds have recently bought and sold shares of STAG. J.Safra Asset Management Corp raised its holdings in shares of STAG Industrial by 708.5% during the first quarter. J.Safra Asset Management Corp now owns 663 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 581 shares in the last quarter. Centerpoint Advisors LLC bought a new stake in STAG Industrial in the second quarter valued at $25,000. GAMMA Investing LLC increased its position in STAG Industrial by 56.1% during the 2nd quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 326 shares during the period. UMB Bank n.a. raised its holdings in STAG Industrial by 54.1% in the 3rd quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 306 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new position in STAG Industrial in the 2nd quarter worth $38,000. Hedge funds and other institutional investors own 88.67% of the company’s stock.

STAG Industrial Stock Up 0.5 %

Shares of NYSE STAG opened at $37.38 on Friday. The stock has a market capitalization of $6.81 billion, a P/E ratio of 37.76 and a beta of 1.09. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. STAG Industrial has a one year low of $33.99 and a one year high of $41.63. The firm’s 50 day simple moving average is $38.47 and its two-hundred day simple moving average is $37.55.

STAG Industrial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.1233 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 3.96%. STAG Industrial’s dividend payout ratio is presently 149.49%.

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.