Stag Industrial (NYSE:STAG) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Stag Industrial (NYSE:STAG) had its price target upped by Wells Fargo & Company from $37.00 to $38.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target indicates a potential downside of 3.65% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the company. Robert W. Baird upped their price target on shares of Stag Industrial from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Wall Street Zen cut shares of Stag Industrial from a “hold” rating to a “sell” rating in a report on Saturday. Royal Bank Of Canada increased their price target on shares of Stag Industrial from $38.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 6th. Weiss Ratings raised shares of Stag Industrial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Finally, Evercore ISI upped their price objective on Stag Industrial from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $38.89.

Stag Industrial Price Performance

NYSE STAG opened at $39.44 on Monday. The stock has a market capitalization of $7.37 billion, a price-to-earnings ratio of 30.34 and a beta of 0.95. Stag Industrial has a 1-year low of $28.61 and a 1-year high of $39.51. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31. The business’s fifty day moving average price is $36.90 and its 200-day moving average price is $36.01.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. The company had revenue of $211.12 million during the quarter, compared to analyst estimates of $210.26 million. Stag Industrial had a return on equity of 6.82% and a net margin of 29.24%.Stag Industrial’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share. On average, equities analysts predict that Stag Industrial will post 2.47 earnings per share for the current year.

Insider Transactions at Stag Industrial

In related news, Director Larry T. Guillemette sold 2,004 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $35.20, for a total value of $70,540.80. Following the transaction, the director directly owned 38,666 shares of the company’s stock, valued at approximately $1,361,043.20. The trade was a 4.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Chase sold 13,144 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $38.75, for a total value of $509,330.00. Following the completion of the transaction, the executive vice president owned 9,422 shares of the company’s stock, valued at $365,102.50. The trade was a 58.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 40,148 shares of company stock valued at $1,502,621 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Stag Industrial

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Private Trust Co. NA increased its holdings in Stag Industrial by 2,183.9% in the 2nd quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 677 shares during the last quarter. Chung Wu Investment Group LLC bought a new position in shares of Stag Industrial during the 2nd quarter valued at about $29,000. Avalon Trust Co purchased a new position in shares of Stag Industrial during the first quarter valued at about $36,000. Keystone Global Partners LLC bought a new stake in shares of Stag Industrial in the first quarter worth about $41,000. Finally, Root Financial Partners LLC purchased a new stake in shares of Stag Industrial in the third quarter worth about $43,000. Institutional investors own 88.67% of the company’s stock.

Stag Industrial Company Profile

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.