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

Shares of STAG Industrial, Inc. (NYSE:STAGGet Free Report) have been assigned a consensus rating of “Hold” from the nine ratings firms that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $41.00.

STAG has been the subject of several analyst reports. Raymond James boosted their target price on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Barclays reduced their price objective on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Finally, Wells Fargo & Company lowered 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 research note on Monday, November 4th.

Check Out Our Latest Analysis on STAG Industrial

Institutional Investors Weigh In On STAG Industrial

Institutional investors have recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of 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 in the last quarter. Earnest Partners LLC raised its position in STAG Industrial by 2.2% in the second quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust’s stock worth $131,727,000 after purchasing an additional 78,189 shares in the last quarter. Geode Capital Management LLC lifted its stake in STAG Industrial by 0.6% during the third quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust’s stock worth $133,077,000 after purchasing an additional 21,925 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in STAG Industrial by 7.7% during the third 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of STAG Industrial by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,865,673 shares of the real estate investment trust’s stock worth $103,333,000 after buying an additional 167,532 shares in the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

STAG Industrial Price Performance

Shares of NYSE:STAG opened at $33.82 on Friday. The stock has a market capitalization of $6.16 billion, a P/E ratio of 34.16 and a beta of 1.07. The business has a 50-day moving average of $36.07 and a two-hundred day moving average of $37.67. STAG Industrial has a fifty-two week low of $33.18 and a fifty-two week high of $41.63. 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 Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.1233 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 4.38%. STAG Industrial’s dividend payout ratio is 149.49%.

STAG Industrial Company Profile

(Get Free Report

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.

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Analyst Recommendations for STAG Industrial (NYSE:STAG)

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