Stag Industrial, Inc. (NYSE:STAG) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Wednesday, October 25th.
Other equities analysts have also issued research reports about the company. Evercore ISI raised Stag Industrial from an “in-line” rating to an “outperform” rating and set a $30.00 target price on the stock in a report on Monday, August 14th. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Stag Industrial in a report on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $32.00 price objective (up previously from $31.00) on shares of Stag Industrial in a report on Tuesday, August 22nd. UBS AG raised Stag Industrial from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $21.00 to $28.00 in a report on Friday, September 8th. Finally, Raymond James Financial, Inc. raised their price objective on Stag Industrial from $27.50 to $28.50 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. Stag Industrial presently has an average rating of “Buy” and a consensus price target of $28.25.
Stag Industrial (NYSE STAG) traded down $0.09 during trading hours on Wednesday, reaching $28.30. The company’s stock had a trading volume of 369,600 shares, compared to its average volume of 699,845. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.62. The stock has a market cap of $2,671.00, a price-to-earnings ratio of 17.00, a P/E/G ratio of 3.23 and a beta of 1.24. Stag Industrial has a 52 week low of $21.52 and a 52 week high of $28.95.
Stag Industrial (NYSE:STAG) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Stag Industrial had a return on equity of 5.72% and a net margin of 18.96%. The firm had revenue of $78.14 million for the quarter, compared to analysts’ expectations of $76.17 million. During the same period in the prior year, the firm posted $0.40 earnings per share. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. analysts anticipate that Stag Industrial will post 1.68 earnings per share for the current year.
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In other news, EVP Peter S. Fearey sold 1,033 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $28.71, for a total transaction of $29,657.43. Following the completion of the transaction, the executive vice president now directly owns 2,506 shares of the company’s stock, valued at approximately $71,947.26. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.00% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of Stag Industrial by 1,758.0% during the 1st quarter. BlackRock Inc. now owns 8,449,687 shares of the real estate investment trust’s stock valued at $211,412,000 after buying an additional 7,994,905 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Stag Industrial by 4,447.1% during the 2nd quarter. Prudential Financial Inc. now owns 1,508,779 shares of the real estate investment trust’s stock valued at $41,643,000 after acquiring an additional 1,475,598 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Stag Industrial by 12.0% during the 1st quarter. Vanguard Group Inc. now owns 12,690,886 shares of the real estate investment trust’s stock valued at $317,526,000 after acquiring an additional 1,364,728 shares in the last quarter. Oak Ridge Investments LLC acquired a new position in shares of Stag Industrial during the 2nd quarter valued at $37,394,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Stag Industrial by 15.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,950,893 shares of the real estate investment trust’s stock valued at $136,644,000 after acquiring an additional 646,968 shares in the last quarter. 81.07% of the stock is owned by institutional investors and hedge funds.
Stag Industrial Company Profile
STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.
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