Lift Archives - Page 3 of 3

February 21, 2022

Truist Financial Analysts Lift Earnings Estimates for Devon Energy Co. (NYSE:DVN)

Devon Energy Co. (NYSE:DVN) – Investment analysts at Truist Financial boosted their Q1 2022 earnings estimates for Devon Energy in a research note issued on Wednesday, February 16th. Truist Financial analyst N. Dingmann now anticipates that the energy company will post earnings per share of $1.39 for the quarter, up from their prior estimate of $1.34. Truist Financial has a “Buy” rating and a $65.00 price target on the stock. Devon Energy (NYSE:DVN) last posted its quarterly earnings results on Monday, February 14th. The energy company reported $1.39 EPS for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.15. Devon Energy had a return on equity of 26.76{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a net margin of 23.60{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

DVN has been the topic of a number of other reports. Credit Suisse Group boosted their price target on Devon Energy from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, February 16th. StockNews.com raised Devon Energy from a “hold” rating to a “buy” rating in a report on Thursday. Benchmark raised Devon Energy from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Wednesday, November 3rd. Barclays upped their price objective on Devon Energy from $49.00 to $51.00 and gave the company an “overweight” rating in a research report on Thursday, January 13th. Finally, Citigroup upped their price objective on Devon Energy from $39.00 to $57.00 in a research note on Thursday, January 20th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $48.19.

(Ad)

This guide will help you identify and execute an options trading strategy that fits your specific needs and risk profile.

Take your trading to the next level with the Options Strategy Guide.

NYSE DVN opened at $54.78 on Monday. The stock’s 50 day moving average is $48.09 and its 200 day moving average is $40.31. The company has a current ratio of 1.38, a quick ratio of 1.21 and a debt-to-equity ratio of 0.69. Devon Energy has a 12 month low of $19.61 and a 12 month high of $56.42. The stock has a market cap of $37.09 billion, a PE ratio of 13.14, a P/E/G ratio of 0.23 and a beta of 2.87.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp lifted its position in Devon Energy by 1.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the second quarter. State Street Corp now owns 40,381,741 shares of the energy company’s stock worth $1,178,743,000 after buying an additional 460,138 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Devon Energy by 36.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the second quarter. Price T Rowe Associates Inc. MD now owns 32,658,423 shares of the energy company’s stock worth $953,299,000 after buying an additional 8,679,826 shares in the last quarter. Invesco Ltd. lifted its position in Devon Energy by 0.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the third quarter. Invesco Ltd. now owns 25,897,429 shares of the energy company’s stock worth $919,617,000 after buying an additional 84,866 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Devon Energy by 9.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the third quarter. Bank of New York Mellon Corp now owns 14,567,536 shares of the energy company’s stock worth $517,294,000 after buying an additional 1,270,392 shares in the last quarter. Finally, GQG Partners LLC lifted its position in Devon Energy by 4.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the fourth quarter. GQG Partners LLC now owns 14,507,422 shares of the energy company’s stock worth $638,965,000 after buying an additional 595,212 shares in the last quarter. Institutional investors and hedge funds own 88.11{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

In other Devon Energy news, CAO Jeremy D. Humphers sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 14th. The stock was sold at an average price of $40.64, for a total value of $81,280.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Tana K. Cashion sold 41,883 shares of the firm’s stock in a transaction that occurred on Tuesday, December 14th. The shares were sold at an average price of $40.13, for a total value of $1,680,764.79. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,812 shares of company stock worth $1,801,555. 0.59{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by corporate insiders.

Devon Energy announced that its board has approved a share buyback plan on Tuesday, November 2nd that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the energy company to buy up to 3.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 31st. Investors of record on Monday, March 14th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 7.30{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. This is a positive change from Devon Energy’s previous quarterly dividend of $0.84. The ex-dividend date is Friday, March 11th. Devon Energy’s dividend payout ratio (DPR) is 10.55{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

About Devon Energy

Devon Energy Corp. engages in the exploration, development, and production of oil and natural gas properties. It develops and operates Delaware Basin, Eagle Ford, Heavy Oil, Baarnett Shale, STACK, and Rockies Oil. The company was founded by J. Larry Nichols and John W. Nichols in 1971 and is headquartered in Oklahoma City, OK.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Devon Energy right now?

Before you consider Devon Energy, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Devon Energy wasn’t on the list.

While Devon Energy currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

February 5, 2022

Capital One Financial Analysts Lift Earnings Estimates for Denbury Inc. (NYSE:DEN)

Denbury Inc. (NYSE:DEN) – Inventory analysts at Cash One particular Financial boosted their Q1 2022 earnings per share estimates for Denbury in a notice issued to investors on Wednesday, February 2nd. Funds One particular Financial analyst R. Tullis now expects that the business will generate $1.36 per share for the quarter, up from their earlier estimate of $1.25. Cash One Fiscal also issued estimates for Denbury’s Q4 2022 earnings at $1.72 EPS.

A variety of other analysts have also a short while ago weighed in on DEN. Financial institution of The us assumed coverage on Denbury in a study report on Monday, January 10th. They issued a “neutral” score and a $92.00 cost focus on for the corporation. Zacks Financial investment Analysis lower Denbury from a “purchase” rating to a “keep” score in a research report on Thursday, January 27th. Wolfe Analysis assumed protection on Denbury in a research report on Tuesday, December 14th. They set an “outperform” rating and a $117.00 value aim for the company. Tudor Pickering assumed coverage on Denbury in a investigation report on Tuesday, November 23rd. They set a “invest in” score and a $109.00 rate objective for the firm. Last but not least, Tudor, Pickering, Holt & Co. assumed protection on Denbury in a study report on Tuesday, November 23rd. They set a “acquire” rating for the firm. Three study analysts have rated the inventory with a hold rating and seven have specified a acquire rating to the stock. In accordance to MarketBeat.com, the inventory has a consensus score of “Acquire” and a consensus price target of $95.97.

Shares of NYSE:DEN opened at $73.57 on Friday. Denbury has a fifty-two week very low of $31.83 and a fifty-two week significant of $91.30. The organization has a 50-working day transferring ordinary of $76.42 and a two-hundred day shifting typical of $74.16. The stock has a sector capitalization of $3.69 billion, a P/E ratio of -29.91 and a beta of 3.42. Denbury (NYSE:DEN) last introduced its quarterly earnings results on Thursday, November 4th. The organization noted $.74 earnings for every share for the quarter, topping analysts’ consensus estimates of $.59 by $.15. Denbury experienced a good return on equity of 12.51{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a damaging net margin of 10.80{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The corporation had earnings of $343.74 million throughout the quarter, as opposed to analysts’ expectations of $269.57 million.

(Advert)

Hey, Tim Sykes here… and if you really do not know how to place these vintage investing patterns… then seize my totally free Book proper now… Furthermore, I’ll share my #1 rule for trading Penny Shares.

Institutional investors and hedge money have lately modified their holdings of the stock. Dim Forest Cash Management LP amplified its stake in Denbury by 885.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} for the duration of the 3rd quarter. Darkish Forest Capital Administration LP now owns 601 shares of the firm’s inventory valued at $42,000 following obtaining an further 540 shares through the time period. CWM LLC purchased a new stake in shares of Denbury in the 4th quarter valued at around $66,000. Ellevest Inc. acquired a new stake in shares of Denbury in the 3rd quarter valued at about $69,000. Shell Asset Management Co. purchased a new stake in shares of Denbury in the 2nd quarter valued at close to $138,000. Finally, Xponance Inc. acquired a new stake in shares of Denbury in the 2nd quarter valued at somewhere around $212,000.

About Denbury

Denbury Inc, an independent electrical power enterprise, focuses on developing oil from experienced oil fields in the Gulf Coast and Rocky Mountain regions. The enterprise holds passions in many oil and natural fuel houses situated in Mississippi, Texas, and Louisiana in the Gulf Coast location and in Montana, North Dakota, and Wyoming in the Rocky Mountain region.

Featured Tale: What is Expense of Financial debt?

This instantaneous news warn was created by narrative science know-how and economical data from MarketBeat in purchase to present audience with the fastest and most correct reporting. This story was reviewed by MarketBeat’s editorial group prior to publication. Be sure to ship any thoughts or opinions about this story to [email protected]

Must you devote $1,000 in Denbury ideal now?

In advance of you take into consideration Denbury, you will want to listen to this.

MarketBeat retains monitor of Wall Street’s major-rated and greatest doing exploration analysts and the stocks they advise to their shoppers on a day by day basis. MarketBeat has determined the 5 shares that best analysts are quietly whispering to their consumers to acquire now just before the broader sector catches on… and Denbury wasn’t on the listing.

Even though Denbury now has a “Invest in” rating amongst analysts, top rated-rated analysts believe these five shares are superior buys.

Perspective The 5 Stocks Right here

January 20, 2022

Truist Financial Analysts Lift Earnings Estimates for Safehold Inc. (NYSE:SAFE)

Safehold Inc. (NYSE:SAFE) – Investment analysts at Truist Financial boosted their Q2 2022 earnings estimates for shares of Safehold in a research report issued to clients and investors on Tuesday, January 18th. Truist Financial analyst K. Kim now forecasts that the company will post earnings of $0.43 per share for the quarter, up from their previous forecast of $0.40. Truist Financial also issued estimates for Safehold’s Q3 2022 earnings at $0.47 EPS, Q4 2022 earnings at $0.49 EPS, FY2022 earnings at $1.81 EPS, FY2023 earnings at $2.12 EPS, FY2024 earnings at $2.38 EPS, FY2025 earnings at $2.63 EPS and FY2026 earnings at $2.83 EPS.

Separately, Zacks Investment Research upgraded shares of Safehold from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a research report on Saturday, December 18th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $85.41.

Safehold stock opened at $68.48 on Wednesday. The company has a market cap of $3.87 billion, a P/E ratio of 53.92 and a beta of -0.27. The business has a 50-day simple moving average of $73.20. Safehold has a 1 year low of $66.36 and a 1 year high of $95.29. Safehold (NYSE:SAFE) last posted its quarterly earnings results on Thursday, October 21st. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.03. Safehold had a net margin of 38.37{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 4.57{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The company had revenue of $47.28 million for the quarter, compared to the consensus estimate of $47.12 million. During the same period last year, the firm posted $0.28 EPS.

(Ad)

There aren’t many days left on the calendar… and yet the global semiconductor market grew to $466.2 billion – in spite of the pandemic.

Better still, the chip shortage has created huge opportunities for recurring success.

These four tech companies are well-positioned to take advantage of this rapidly growing demand.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 14th. Stockholders of record on Monday, January 3rd were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, December 31st. This represents a $0.68 annualized dividend and a dividend yield of 0.99{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. Safehold’s dividend payout ratio is currently 53.54{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

In other news, major shareholder Istar Inc. bought 6,287 shares of the company’s stock in a transaction dated Monday, January 3rd. The shares were acquired at an average cost of $79.51 per share, with a total value of $499,879.37. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders bought 250,029 shares of company stock worth $18,437,190. 1.34{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of SAFE. NewEdge Wealth LLC boosted its holdings in shares of Safehold by 154.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the third quarter. NewEdge Wealth LLC now owns 1,277,803 shares of the company’s stock worth $91,861,000 after purchasing an additional 776,597 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Safehold by 35.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the second quarter. Price T Rowe Associates Inc. MD now owns 892,404 shares of the company’s stock worth $70,054,000 after purchasing an additional 234,517 shares during the period. Hood River Capital Management LLC acquired a new stake in shares of Safehold during the third quarter worth approximately $16,143,000. Alliancebernstein L.P. lifted its stake in Safehold by 21.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Alliancebernstein L.P. now owns 1,092,787 shares of the company’s stock valued at $78,560,000 after acquiring an additional 195,805 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Safehold by 7.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the second quarter. Vanguard Group Inc. now owns 2,527,374 shares of the company’s stock valued at $198,399,000 after acquiring an additional 178,443 shares during the last quarter. Institutional investors and hedge funds own 25.61{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Safehold Company Profile

Safehold Inc operates as a real estate investment trust, which focuses on acquiring, owning, managing and capitalizing ground leases. It seeks to provide safe & growing income, as well as capital appreciation to shareholders by building a diversified portfolio of ground leases. The firm’s property is generally leased on a triple net basis with the tenant responsible for taxes, maintenance and insurance, as well as all operating costs and capital expenditures.

Should you invest $1,000 in Safehold right now?

Before you consider Safehold, you’ll want to hear this.

While Safehold currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

January 8, 2022

Capital One Financial Analysts Lift Earnings Estimates for Occidental Petroleum Co. (NYSE:OXY)

Occidental Petroleum Co. (NYSE:OXY) – Investment analysts at Capital One Financial boosted their FY2021 earnings estimates for Occidental Petroleum in a research note issued on Wednesday, January 5th. Capital One Financial analyst R. Tullis now anticipates that the oil and gas producer will post earnings per share of $2.24 for the year, up from their prior estimate of $2.11. Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Thursday, November 4th. The oil and gas producer reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.21. The business had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.57 billion. Occidental Petroleum had a positive return on equity of 7.75{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a negative net margin of 1.51{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business’s quarterly revenue was up 107.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.84) EPS.

OXY has been the subject of several other reports. Wells Fargo & Company downgraded Occidental Petroleum from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $35.00 to $29.00 in a research note on Wednesday. Truist raised Occidental Petroleum from a “hold” rating to a “buy” rating and upped their price objective for the company from $35.00 to $50.00 in a research note on Monday, October 18th. Citigroup boosted their target price on Occidental Petroleum from $35.00 to $38.00 in a research report on Monday. Zacks Investment Research cut Occidental Petroleum from a “strong-buy” rating to a “hold” rating and set a $31.00 target price on the stock. in a research report on Tuesday, December 28th. Finally, Societe Generale boosted their target price on Occidental Petroleum from $35.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Occidental Petroleum currently has a consensus rating of “Buy” and a consensus target price of $35.67.

(Ad)

As of December 13, 2021, Bitcoin is over $40,000. In fact, some experts believe Bitcoin could replace gold in the future.
But most people aren’t even aware of these 5 stocks in the crypto space…

Occidental Petroleum stock opened at $32.76 on Friday. The stock has a 50-day simple moving average of $30.77 and a 200-day simple moving average of $29.27. The company has a debt-to-equity ratio of 3.39, a quick ratio of 0.89 and a current ratio of 1.08. The company has a market capitalization of $30.60 billion, a P/E ratio of -26.85, a PEG ratio of 0.37 and a beta of 2.32. Occidental Petroleum has a fifty-two week low of $19.00 and a fifty-two week high of $35.75.

A number of large investors have recently made changes to their positions in the business. Crestmont Private Wealth LLC acquired a new stake in Occidental Petroleum during the 4th quarter valued at $54,000. Balyasny Asset Management LLC acquired a new stake in Occidental Petroleum during the 3rd quarter valued at $34,553,000. Patriot Financial Group Insurance Agency LLC grew its holdings in Occidental Petroleum by 51.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 10,662 shares of the oil and gas producer’s stock valued at $315,000 after buying an additional 3,643 shares during the last quarter. American International Group Inc. grew its holdings in Occidental Petroleum by 2.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 3rd quarter. American International Group Inc. now owns 314,186 shares of the oil and gas producer’s stock valued at $9,294,000 after buying an additional 8,063 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Occidental Petroleum by 5.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 3rd quarter. Bank of New York Mellon Corp now owns 8,775,281 shares of the oil and gas producer’s stock worth $259,572,000 after purchasing an additional 444,442 shares during the period. Hedge funds and other institutional investors own 66.34{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 14th. Shareholders of record on Friday, December 10th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.12{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend date is Thursday, December 9th. Occidental Petroleum’s dividend payout ratio (DPR) is presently -3.28{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Occidental Petroleum Company Profile

Occidental Petroleum Corp. engages in the exploration and production of oil and natural gas. It operates through the following segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops and produces oil and condensate, natural gas liquids and natural gas.

Featured Story: Hedge Funds – Risk or Reward?

Should you invest $1,000 in Occidental Petroleum right now?

Before you consider Occidental Petroleum, you’ll want to hear this.

While Occidental Petroleum currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

December 15, 2021

Capital One Financial Analysts Lift Earnings Estimates for STAG Industrial, Inc. (NYSE:STAG)

STAG Industrial, Inc. (NYSE:STAG) – Equities researchers at Capital One Financial lifted their FY2021 earnings per share estimates for shares of STAG Industrial in a note issued to investors on Thursday, December 9th. Capital One Financial analyst C. Lucas now anticipates that the real estate investment trust will earn $2.06 per share for the year, up from their prior forecast of $2.05. Capital One Financial also issued estimates for STAG Industrial’s Q1 2022 earnings at $0.53 EPS, Q2 2022 earnings at $0.55 EPS, Q4 2022 earnings at $0.56 EPS, FY2022 earnings at $2.19 EPS, Q1 2023 earnings at $0.56 EPS, Q2 2023 earnings at $0.58 EPS, Q3 2023 earnings at $0.58 EPS, FY2023 earnings at $2.31 EPS, FY2024 earnings at $2.45 EPS and FY2025 earnings at $2.59 EPS. STAG Industrial (NYSE:STAG) last announced its quarterly earnings data on Thursday, October 28th. The real estate investment trust reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.21). STAG Industrial had a return on equity of 7.28{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a net margin of 37.23{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The company had revenue of $142.11 million for the quarter, compared to analysts’ expectations of $140.41 million. During the same quarter in the previous year, the business posted $0.46 EPS. The business’s quarterly revenue was up 19.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} compared to the same quarter last year.

A number of other equities analysts also recently commented on the company. Raymond James lifted their price objective on STAG Industrial from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, November 1st. Zacks Investment Research upgraded STAG Industrial from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Friday, November 26th. Finally, Royal Bank of Canada lifted their price objective on STAG Industrial from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, November 8th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $43.67.

(Ad)

The global lithium market is projected to surge 500{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} due to a growing need for lithium-filled batteries. And one junior mining company in a renowned location in South America is in the right place at the right time to capitalize on this megatrend.

Shares of STAG Industrial stock opened at $43.93 on Friday. STAG Industrial has a one year low of $29.40 and a one year high of $45.20. The company has a market cap of $7.46 billion, a price-to-earnings ratio of 34.87, a PEG ratio of 4.11 and a beta of 0.93. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.57 and a current ratio of 1.57. The business’s 50 day moving average price is $42.85 and its 200 day moving average price is $40.88.

A number of large investors have recently bought and sold shares of the business. Johnson Investment Counsel Inc. raised its holdings in shares of STAG Industrial by 10.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 2nd quarter. Johnson Investment Counsel Inc. now owns 59,984 shares of the real estate investment trust’s stock valued at $2,252,000 after buying an additional 5,500 shares during the period. Kempen Capital Management N.V. raised its holdings in shares of STAG Industrial by 6.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 2nd quarter. Kempen Capital Management N.V. now owns 618,563 shares of the real estate investment trust’s stock valued at $23,153,000 after buying an additional 35,250 shares during the period. H&H Retirement Design & Management INC raised its holdings in shares of STAG Industrial by 5.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 3rd quarter. H&H Retirement Design & Management INC now owns 106,026 shares of the real estate investment trust’s stock valued at $4,328,000 after buying an additional 5,184 shares during the period. Amundi purchased a new stake in shares of STAG Industrial in the 2nd quarter valued at $4,393,000. Finally, M&T Bank Corp raised its holdings in shares of STAG Industrial by 3.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 2nd quarter. M&T Bank Corp now owns 13,169 shares of the real estate investment trust’s stock valued at $493,000 after buying an additional 417 shares during the period. Institutional investors own 85.95{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, January 18th. Shareholders of record on Friday, December 31st will be given a $0.1208 dividend. The ex-dividend date of this dividend is Thursday, December 30th. This represents a $1.45 dividend on an annualized basis and a yield of 3.30{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. STAG Industrial’s dividend payout ratio is currently 115.08{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

STAG Industrial Company Profile

STAG Industrial, Inc is a real estate investment trust, which focuses on acquisition, ownership and operation of single-tenant, industrial properties throughout the United States. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.

Further Reading: Are Wall Street analysts’ stock ratings worth following?

Should you invest $1,000 in STAG Industrial right now?

Before you consider STAG Industrial, you’ll want to hear this.

While STAG Industrial currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here