STAG Industrial, Inc. (NYSE:STAG) Receives $39.13 Average Target Price from Analysts

Shares of STAG Industrial, Inc. (NYSE:STAG) have earned a consensus rating of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $39.13.

Several analysts recently commented on the stock. Royal Bank of Canada raised their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, February 16th. BMO Capital Markets restated an “outperform” rating and set a $42.00 price target (up from $41.00) on shares of STAG Industrial in a report on Monday, April 8th. Robert W. Baird restated a “neutral” rating and set a $41.00 price target (up from $38.00) on shares of STAG Industrial in a report on Friday, January 5th. Finally, Barclays began coverage on shares of STAG Industrial in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 price objective on the stock.

STAG Industrial Stock Performance

STAG stock opened at $34.74 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market cap of $6.32 billion, a P/E ratio of 32.17, a P/E/G ratio of 4.99 and a beta of 1.02. The firm has a 50 day simple moving average of $37.45 and a 200 day simple moving average of $36.84. STAG Industrial has a 52 week low of $31.69 and a 52 week high of $39.61.

STAG Industrial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $0.1233 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend is Friday, June 28th. STAG Industrial’s dividend payout ratio is 137.04%.

Hedge Funds Weigh In On STAG Industrial

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of STAG Industrial by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 26,060,931 shares of the real estate investment trust’s stock valued at $1,023,152,000 after purchasing an additional 110,453 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of STAG Industrial by 22.4% in the fourth 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 acquiring an additional 961,420 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of STAG Industrial by 3.8% in the fourth 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 acquiring an additional 104,190 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of STAG Industrial by 1.5% in 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 acquiring an additional 39,739 shares during the last quarter. Finally, Boston Trust Walden Corp grew its stake in shares of STAG Industrial by 1.1% in the fourth quarter. Boston Trust Walden Corp now owns 2,539,129 shares of the real estate investment trust’s stock worth $99,686,000 after acquiring an additional 28,304 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

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.