STAG Industrial (NYSE:STAG) Reaches New 52-Week Low – Here’s Why

STAG Industrial, Inc. (NYSE:STAG)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $30.80 and last traded at $31.46, with a volume of 448828 shares traded. The stock had previously closed at $32.88.

Wall Street Analyst Weigh In

STAG has been the subject of a number of research reports. Royal Bank of Canada reduced their price target on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research report on Monday, January 27th. Raymond James boosted their target price on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, Barclays decreased their target price on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $40.14.

STAG Industrial Stock Performance

The stock has a fifty day moving average of $34.94 and a 200-day moving average of $35.65. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. The stock has a market cap of $6.01 billion, a PE ratio of 30.94 and a beta of 0.96.

STAG Industrial (NYSE:STAG) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. On average, equities analysts forecast that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Increases Dividend

The business also recently announced a dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.1242 per share. This is a positive change from STAG Industrial’s previous dividend of $0.12. This represents a dividend yield of 4.25%. The ex-dividend date of this dividend was Friday, February 28th. STAG Industrial’s payout ratio is presently 143.27%.

Insider Activity

In other news, Director Benjamin S. Butcher sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the sale, the director now owns 9,632 shares of the company’s stock, valued at $338,083.20. The trade was a 83.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On STAG Industrial

Several hedge funds and other institutional investors have recently bought and sold shares of STAG. Geode Capital Management LLC grew its holdings in STAG Industrial by 0.6% in the third 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 last quarter. Swiss National Bank increased its holdings in STAG Industrial by 0.8% during the 4th quarter. Swiss National Bank now owns 358,200 shares of the real estate investment trust’s stock valued at $12,114,000 after acquiring an additional 2,800 shares in the last quarter. Stifel Financial Corp raised its position in STAG Industrial by 5.6% during the third quarter. Stifel Financial Corp now owns 52,278 shares of the real estate investment trust’s stock worth $2,044,000 after acquiring an additional 2,795 shares during the last quarter. Congress Asset Management Co. raised its position in STAG Industrial by 10.1% during the fourth quarter. Congress Asset Management Co. now owns 220,929 shares of the real estate investment trust’s stock worth $7,472,000 after acquiring an additional 20,327 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of STAG Industrial in the fourth quarter valued at about $1,276,000. 88.67% of the stock is owned by institutional investors and hedge funds.

About STAG Industrial

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.