Stag Industrial Inc (NYSE:STAG) – Equities researchers at DA Davidson boosted their Q3 2018 earnings per share (EPS) estimates for shares of Stag Industrial in a note issued to investors on Friday, Zacks Investment Research reports. DA Davidson analyst B. Oxford now expects that the real estate investment trust will earn $0.49 per share for the quarter, up from their prior estimate of $0.47. DA Davidson currently has a “Neutral” rating on the stock. DA Davidson also issued estimates for Stag Industrial’s Q4 2018 earnings at $0.50 EPS, Q1 2019 earnings at $0.50 EPS, Q2 2019 earnings at $0.51 EPS, Q3 2019 earnings at $0.52 EPS, Q4 2019 earnings at $0.53 EPS and FY2019 earnings at $2.06 EPS.
A number of other research analysts also recently issued reports on STAG. TheStreet upgraded Stag Industrial from a “c” rating to a “b-” rating in a research note on Tuesday, November 14th. JPMorgan Chase & Co. upgraded Stag Industrial from a “neutral” rating to an “overweight” rating and set a $30.00 price target on the stock in a research note on Friday, December 15th. Zacks Investment Research downgraded Stag Industrial from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. ValuEngine downgraded Stag Industrial from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Ladenburg Thalmann Financial Services restated a “buy” rating and set a $32.00 price target on shares of Stag Industrial in a research note on Friday, February 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. Stag Industrial presently has a consensus rating of “Buy” and a consensus target price of $29.69.
Stag Industrial (NYSE:STAG) last issued its earnings results on Thursday, February 15th. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.42. Stag Industrial had a return on equity of 2.92% and a net margin of 10.38%. The business had revenue of $81.30 million for the quarter, compared to analyst estimates of $79.83 million. During the same quarter last year, the company earned $0.42 EPS. The business’s quarterly revenue was up 22.3% on a year-over-year basis.
In other Stag Industrial news, COO Stephen C. Mecke sold 30,000 shares of Stag Industrial stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $26.41, for a total value of $792,300.00. Following the transaction, the chief operating officer now directly owns 32,000 shares in the company, valued at approximately $845,120. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William R. Crooker sold 31,889 shares of Stag Industrial stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $26.41, for a total value of $842,188.49. Following the completion of the transaction, the chief financial officer now owns 46,493 shares in the company, valued at $1,227,880.13. The disclosure for this sale can be found here. Insiders sold a total of 165,069 shares of company stock worth $4,359,472 over the last quarter. Company insiders own 2.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Verition Fund Management LLC purchased a new position in shares of Stag Industrial in the 2nd quarter valued at approximately $200,000. Teacher Retirement System of Texas purchased a new stake in shares of Stag Industrial in the third quarter valued at approximately $200,000. Aperio Group LLC purchased a new stake in shares of Stag Industrial in the fourth quarter valued at approximately $216,000. Ameritas Investment Partners Inc. boosted its stake in shares of Stag Industrial by 13.0% in the second quarter. Ameritas Investment Partners Inc. now owns 7,846 shares of the real estate investment trust’s stock valued at $217,000 after buying an additional 903 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Stag Industrial by 76.5% in the third quarter. Envestnet Asset Management Inc. now owns 7,963 shares of the real estate investment trust’s stock valued at $219,000 after buying an additional 3,451 shares in the last quarter. Institutional investors own 84.57% of the company’s stock.
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About Stag Industrial
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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