STAG Industrial (NYSE:STAG) Sets New 52-Week Low – Should You Sell?

STAG Industrial, Inc. (NYSE:STAG)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $33.03 and last traded at $33.07, with a volume of 598311 shares. The stock had previously closed at $33.82.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on STAG. Barclays lowered their target price on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. Raymond James lifted their price target on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Wells Fargo & Company cut their price target on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, STAG Industrial currently has a consensus rating of “Hold” and an average target price of $41.00.

STAG Industrial Price Performance

The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87. The business has a 50-day moving average price of $35.90 and a two-hundred day moving average price of $37.63. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of 33.72 and a beta of 1.09.

STAG Industrial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.1233 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 4.43%. STAG Industrial’s payout ratio is currently 149.49%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. UMB Bank n.a. lifted its holdings in shares of STAG Industrial by 54.1% during the 3rd quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 306 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new stake in STAG Industrial in the 2nd quarter worth $38,000. Coastline Trust Co purchased a new position in STAG Industrial during the 3rd quarter valued at about $55,000. Point72 Asia Singapore Pte. Ltd. bought a new position in STAG Industrial during the 2nd quarter valued at approximately $57,000. Finally, GAMMA Investing LLC lifted its stake in shares of STAG Industrial by 72.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 659 shares during the period. Hedge funds and other institutional investors own 88.67% of the company’s stock.

STAG Industrial Company Profile

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.