STAG Industrial (NYSE:STAG) Reaches New 1-Year Low – Should You Sell?

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on STAG. Wells Fargo & Company dropped their price target on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Barclays decreased their price target 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, Raymond James upped 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. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, STAG Industrial currently has an average rating of “Hold” and a consensus target price of $41.00.

STAG Industrial Trading Down 2.3 %

The firm has a 50-day moving average price of $36.07 and a 200-day moving average price of $37.67. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market cap of $6.02 billion, a PE ratio of 33.38 and a beta of 1.07.

STAG Industrial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.1233 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial’s payout ratio is 149.49%.

Institutional Trading of STAG Industrial

A number of large investors have recently made changes to their positions in the stock. Point72 DIFC Ltd purchased a new position in shares of STAG Industrial during the 3rd quarter valued at about $717,000. Geode Capital Management LLC raised its position in shares of STAG Industrial by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust’s stock valued at $133,077,000 after purchasing an additional 21,925 shares during the period. BNP Paribas Financial Markets boosted its holdings in STAG Industrial by 169.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 132,412 shares of the real estate investment trust’s stock worth $5,176,000 after buying an additional 83,296 shares during the period. Earnest Partners LLC increased its stake in STAG Industrial by 2.2% in the 2nd quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust’s stock worth $131,727,000 after buying an additional 78,189 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings in STAG Industrial by 314.5% during the third quarter. Los Angeles Capital Management LLC now owns 145,520 shares of the real estate investment trust’s stock valued at $5,688,000 after acquiring an additional 110,410 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.