STAG Industrial (NYSE:STAG) Lifted to Outperform at Wedbush

Wedbush upgraded shares of STAG Industrial (NYSE:STAG) from a neutral rating to an outperform rating in a research report released on Monday morning, MarketBeat.com reports. They currently have $44.00 price target on the real estate investment trust’s stock, up from their prior price target of $38.00.

A number of other analysts have also recently weighed in on the stock. BNP Paribas initiated coverage on shares of STAG Industrial in a research report on Tuesday, June 4th. They set a neutral rating and a $39.00 price target for the company. Barclays decreased their price target on shares of STAG Industrial from $40.00 to $39.00 and set an equal weight rating for the company in a research report on Friday, May 24th. Finally, BMO Capital Markets reaffirmed an outperform rating and set a $42.00 price target (up from $41.00) on shares of STAG Industrial in a research report on Monday, April 8th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, STAG Industrial has a consensus rating of Hold and an average target price of $39.50.

STAG Industrial Stock Down 1.6 %

Shares of NYSE STAG opened at $39.63 on Monday. STAG Industrial has a 52-week low of $31.69 and a 52-week high of $40.68. The firm has a fifty day moving average of $36.10 and a 200-day moving average of $36.79. The stock has a market capitalization of $7.22 billion, a PE ratio of 39.63, a P/E/G ratio of 5.67 and a beta of 1.09. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.78.

STAG Industrial Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.1233 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.48 dividend on an annualized basis and a yield of 3.73%. STAG Industrial’s dividend payout ratio is currently 148.00%.

Insiders Place Their Bets

In other news, Director Benjamin S. Butcher sold 30,000 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $34.81, for a total value of $1,044,300.00. Following the sale, the director now owns 8,304 shares in the company, valued at approximately $289,062.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On STAG Industrial

A number of institutional investors have recently modified their holdings of STAG. J.Safra Asset Management Corp raised its stake in STAG Industrial by 708.5% during the first quarter. J.Safra Asset Management Corp now owns 663 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 581 shares during the period. Spire Wealth Management raised its stake in STAG Industrial by 124.1% during the fourth quarter. Spire Wealth Management now owns 688 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 381 shares during the period. Fidelis Capital Partners LLC acquired a new stake in STAG Industrial during the first quarter worth about $29,000. HHM Wealth Advisors LLC acquired a new stake in STAG Industrial during the fourth quarter worth about $31,000. Finally, GAMMA Investing LLC raised its stake in STAG Industrial by 56.1% during the second quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 326 shares during the period. Institutional investors and hedge funds 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.