Analysts Set STAG Industrial, Inc. (NYSE:STAG) Target Price at $41.00

STAG Industrial, Inc. (NYSE:STAG) has been given an average rating of “Moderate Buy” by the eight ratings firms that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $41.00.

Several equities analysts have weighed in on STAG shares. 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 research report on Monday, October 28th. Wells Fargo & Company dropped their price objective on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Finally, Raymond James increased their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th.

STAG Industrial Trading Up 0.2 %

Shares of NYSE STAG opened at $34.34 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $6.26 billion, a PE ratio of 34.69 and a beta of 1.09. STAG Industrial has a twelve month low of $32.27 and a twelve month high of $41.63. The stock has a fifty day simple moving average of $34.88 and a 200-day simple moving average of $37.44.

STAG Industrial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.1242 per share. This represents a $1.49 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend is Monday, March 31st. STAG Industrial’s dividend payout ratio is presently 149.49%.

Institutional Trading of STAG Industrial

A number of institutional investors have recently modified their holdings of STAG. UMB Bank n.a. increased its position in shares of STAG Industrial by 54.1% in the third quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 306 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new stake in STAG Industrial in the 4th quarter valued at about $43,000. Coastline Trust Co purchased a new position in STAG Industrial during the 3rd quarter valued at about $55,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in STAG Industrial during the second quarter worth about $57,000. Finally, GAMMA Investing LLC lifted its holdings in shares of STAG Industrial by 72.7% in the third 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 in the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

STAG Industrial Company Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.