Key Points
- Insider sale: CEO William Crooker sold 93,732 shares on Feb. 23 at an average price of $39.17, a transaction totaling $3,671,482 disclosed in an SEC filing.
- Quarterly results and dividend: Stag beat estimates with Q4 EPS of $0.66 (vs. $0.63) and revenue of $220.9M (up 10.8% year-over-year), and announced a quarterly dividend of $0.3875 ($1.55 annualized, 3.9% yield) despite a payout ratio of 102.05%.
- Analyst stance: The stock carries an average MarketBeat rating of "Hold" with a mean target of $39.50 (mixed analyst views: 3 Buys, 6 Holds, 1 Sell), roughly in line with the current share price near $39.30.
Stag Industrial, Inc. (NYSE:STAG - Get Free Report) Director Virgis Colbert sold 18,000 shares of the company's stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $38.08, for a total value of $685,440.00. Following the completion of the sale, the director owned 4,210 shares of the company's stock, valued at $160,316.80. This represents a 81.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Stag Industrial Stock Down 0.6%
Stag Industrial stock opened at $39.28 on Tuesday. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $39.98. The business has a fifty day moving average of $37.73 and a two-hundred day moving average of $37.35. The firm has a market cap of $7.50 billion, a P/E ratio of 26.90 and a beta of 1.06. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.89.
Stag Industrial (NYSE:STAG - Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.03. The firm had revenue of $220.90 million during the quarter, compared to analysts' expectations of $213.66 million. Stag Industrial had a return on equity of 7.68% and a net margin of 32.35%.The firm's quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 EPS. On average, analysts forecast that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.
Stag Industrial Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $0.3875 dividend. This represents a $1.55 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, March 31st. Stag Industrial's dividend payout ratio (DPR) is presently 102.05%.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on STAG shares. Robert W. Baird set a $40.00 price target on shares of Stag Industrial in a research note on Tuesday, February 17th. Citigroup upped their target price on Stag Industrial from $35.00 to $40.00 and gave the company a "neutral" rating in a research report on Tuesday, November 11th. JPMorgan Chase & Co. raised their target price on Stag Industrial from $39.00 to $40.00 and gave the stock a "neutral" rating in a research note on Thursday, February 19th. iA Financial set a $39.00 price target on Stag Industrial in a research note on Tuesday, January 13th. Finally, Barclays restated an "underweight" rating and issued a $39.00 price objective (down from $40.00) on shares of Stag Industrial in a research note on Tuesday, January 13th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $39.50.
View Our Latest Research Report on Stag Industrial
Hedge Funds Weigh In On Stag Industrial
Institutional investors have recently modified their holdings of the stock. Knights of Columbus Asset Advisors LLC purchased a new stake in shares of Stag Industrial in the third quarter worth about $1,127,000. Versor Investments LP purchased a new position in Stag Industrial during the third quarter valued at approximately $922,000. Wolverine Asset Management LLC lifted its holdings in Stag Industrial by 408.0% in the third quarter. Wolverine Asset Management LLC now owns 129,263 shares of the real estate investment trust's stock valued at $4,562,000 after acquiring an additional 103,820 shares during the period. Channing Capital Management LLC boosted its position in Stag Industrial by 8.3% in the 3rd quarter. Channing Capital Management LLC now owns 2,186,846 shares of the real estate investment trust's stock worth $77,174,000 after purchasing an additional 167,093 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in Stag Industrial by 5.6% in the 3rd quarter. New York State Common Retirement Fund now owns 1,111,531 shares of the real estate investment trust's stock worth $39,226,000 after purchasing an additional 58,958 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company's stock.
About Stag Industrial
(
Get Free Report)
Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company's portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.
Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.
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