STAG Industrial (NYSE:STAG) Hits New 12-Month Low – Time to Sell?

STAG Industrial, Inc. (NYSE:STAG)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $33.97 and last traded at $33.97, with a volume of 1266103 shares changing hands. The stock had previously closed at $35.38.

Analyst Ratings Changes

STAG has been the subject of several research reports. Evercore ISI increased their price objective on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Barclays lowered 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. Wells Fargo & Company cut their price target on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Finally, Raymond James upped their price objective on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, STAG Industrial has a consensus rating of “Hold” and an average target price of $41.00.

STAG Industrial Stock Performance

The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of 34.31 and a beta of 1.07. 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’s 50 day moving average price is $36.94 and its 200 day moving average price is $37.77.

STAG Industrial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.1233 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date is Tuesday, December 31st. STAG Industrial’s dividend payout ratio is currently 149.49%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC grew its stake in STAG Industrial by 145.5% in the 3rd quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust’s stock valued at $271,132,000 after buying an additional 4,111,268 shares during the last quarter. Bank of Montreal Can grew its position in shares of STAG Industrial by 330.5% in the third quarter. Bank of Montreal Can now owns 1,346,149 shares of the real estate investment trust’s stock valued at $52,823,000 after purchasing an additional 1,033,485 shares during the last quarter. Westfield Capital Management Co. LP increased its stake in shares of STAG Industrial by 36.0% during the third quarter. Westfield Capital Management Co. LP now owns 1,670,586 shares of the real estate investment trust’s stock worth $65,303,000 after purchasing an additional 442,618 shares during the period. Ceredex Value Advisors LLC acquired a new stake in STAG Industrial during the 2nd quarter worth approximately $13,188,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in STAG Industrial by 7.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust’s stock valued at $123,883,000 after purchasing an additional 227,629 shares during the period. 88.67% of the stock is currently owned by institutional investors.

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.