STAG Industrial, Inc. (NYSE:STAG – Get Rating)'s share price hit a new 52-week low on Friday . The stock traded as low as $29.35 and last traded at $29.81, with a volume of 4593 shares traded. The stock had previously closed at $29.74.
Wall Street Analyst Weigh In
A number of research analysts have commented on the company. Wells Fargo & Company decreased their price target on STAG Industrial from $43.00 to $41.00 and set an "overweight" rating on the stock in a research note on Thursday, August 11th. Jefferies Financial Group decreased their price target on STAG Industrial from $47.00 to $43.00 and set a "buy" rating on the stock in a research note on Thursday, June 30th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $45.25.
Get STAG Industrial alerts:STAG Industrial Stock Performance
The company has a debt-to-equity ratio of 0.70, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market capitalization of $5.30 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 2.76 and a beta of 0.98. The firm has a 50 day moving average price of $31.98 and a 200-day moving average price of $34.46.
STAG Industrial Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be paid a $0.1217 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date of this dividend is Thursday, September 29th. STAG Industrial's dividend payout ratio is presently 114.06%.Hedge Funds Weigh In On STAG Industrial
Hedge funds have recently made changes to their positions in the company. Eagle Bay Advisors LLC purchased a new position in shares of STAG Industrial during the second quarter worth about $27,000. Wolff Wiese Magana LLC grew its holdings in shares of STAG Industrial by 133.8% during the second quarter. Wolff Wiese Magana LLC now owns 982 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 562 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in shares of STAG Industrial by 2,252.3% during the second quarter. SRS Capital Advisors Inc. now owns 1,035 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 991 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of STAG Industrial during the first quarter worth about $35,000. Finally, Prospera Financial Services Inc purchased a new position in shares of STAG Industrial during the first quarter worth about $40,000. Hedge funds and other institutional investors own 84.13% of the company's stock.
STAG Industrial Company Profile
(Get Rating)
STAG Industrial, Inc (NYSE: STAG) is a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. By targeting this type of property, STAG has developed an investment strategy that helps investors find a powerful balance of income plus growth.
Featured Articles
- Get a free copy of the StockNews.com research report on STAG Industrial (STAG)
- Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
- MarketBeat: Week in Review 9/19 – 9/23
- Why Does Tesla Stock Remain Resilient?
- Is Costco's Post-Earnings Price Weakness A Good Time To Buy?
- Will Crowdstrike Get A Boost From Increased EPS Guidance?
Receive News & Ratings for STAG Industrial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STAG Industrial and related companies with MarketBeat.com's FREE daily email newsletter.