Stag Industrial (NYSE:STAG) Rating Increased to Hold at Wall Street Zen

Stag Industrial (NYSE:STAG) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Sunday.

A number of other equities research analysts have also weighed in on STAG. Wells Fargo & Company lifted their price objective on Stag Industrial from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Monday, November 10th. Cantor Fitzgerald started coverage on Stag Industrial in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $37.00 price target on the stock. Industrial Alliance Securities set a $37.00 price objective on Stag Industrial in a research report on Wednesday, October 1st. Royal Bank Of Canada raised their target price on Stag Industrial from $38.00 to $42.00 and gave the company a “sector perform” rating in a report on Thursday, November 6th. Finally, Evercore ISI upped their price target on shares of Stag Industrial from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Stag Industrial currently has a consensus rating of “Hold” and a consensus target price of $38.89.

Stag Industrial Trading Down 0.6%

NYSE:STAG opened at $38.43 on Friday. Stag Industrial has a 12-month low of $28.61 and a 12-month high of $39.57. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.86. The stock’s 50 day simple moving average is $37.02 and its 200-day simple moving average is $36.11. The firm has a market cap of $7.18 billion, a P/E ratio of 29.56 and a beta of 0.95.

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

Insider Buying and Selling at Stag Industrial

In other Stag Industrial news, Director Larry T. Guillemette sold 2,004 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $35.20, for a total value of $70,540.80. Following the completion of the sale, the director directly owned 38,666 shares of the company’s stock, valued at approximately $1,361,043.20. This represents a 4.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Chase sold 13,144 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $38.75, for a total transaction of $509,330.00. Following the transaction, the executive vice president owned 9,422 shares of the company’s stock, valued at approximately $365,102.50. This trade represents a 58.25% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 40,148 shares of company stock valued at $1,502,621. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. CWM LLC lifted its position in shares of Stag Industrial by 16.2% during the 1st quarter. CWM LLC now owns 13,409 shares of the real estate investment trust’s stock valued at $484,000 after acquiring an additional 1,866 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Stag Industrial during the first quarter valued at $514,000. Signaturefd LLC raised its holdings in Stag Industrial by 14.0% during the 1st quarter. Signaturefd LLC now owns 2,586 shares of the real estate investment trust’s stock worth $93,000 after buying an additional 317 shares during the period. Larson Financial Group LLC raised its holdings in shares of Stag Industrial by 249.8% during the first quarter. Larson Financial Group LLC now owns 2,375 shares of the real estate investment trust’s stock valued at $86,000 after acquiring an additional 1,696 shares during the period. Finally, Victory Capital Management Inc. grew its position in Stag Industrial by 15.5% during the 1st quarter. Victory Capital Management Inc. now owns 507,207 shares of the real estate investment trust’s stock worth $18,320,000 after purchasing an additional 67,910 shares in the last quarter. Institutional investors and hedge funds 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.