JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Stag Industrial (NYSE:STAG) Stock

Stag Industrial (NYSE:STAG) had its target price lifted by research analysts at JPMorgan Chase & Co. from $39.00 to $40.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 1.18% from the company’s previous close.

A number of other equities research analysts also recently commented on the company. Citigroup boosted their target price on Stag Industrial from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Barclays reaffirmed an “underweight” rating and set a $39.00 price objective (down from $40.00) on shares of Stag Industrial in a report on Tuesday, January 13th. Wells Fargo & Company raised their target price on shares of Stag Industrial from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Monday, November 10th. Evercore restated an “outperform” rating on shares of Stag Industrial in a research report on Friday, February 13th. Finally, iA Financial set a $39.00 price target on shares of Stag Industrial in a research note on Tuesday, January 13th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Stag Industrial has an average rating of “Hold” and an average target price of $39.50.

Stag Industrial Price Performance

Shares of NYSE:STAG opened at $39.54 on Thursday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a fifty day moving average price of $37.70 and a 200 day moving average price of $37.28. Stag Industrial has a fifty-two week low of $28.61 and a fifty-two week high of $39.88. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 27.08 and a beta of 1.06.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The company had revenue of $220.90 million for the quarter, compared to the consensus estimate of $213.66 million. Stag Industrial had a net margin of 32.35% and a return on equity of 7.68%. Stag Industrial’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 EPS. As a group, sell-side analysts expect that Stag Industrial will post 2.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stag Industrial

Several hedge funds have recently added to or reduced their stakes in STAG. Private Trust Co. NA lifted its stake in Stag Industrial by 2,183.9% in the second quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 677 shares during the last quarter. Clearstead Advisors LLC raised its holdings in shares of Stag Industrial by 193.6% in the fourth quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 482 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in shares of Stag Industrial during the 3rd quarter worth approximately $27,000. Root Financial Partners LLC bought a new stake in shares of Stag Industrial during the 3rd quarter worth approximately $43,000. Finally, International Assets Investment Management LLC purchased a new position in Stag Industrial during the 4th quarter valued at $51,000. 88.67% of the stock is currently owned by institutional investors.

Stag Industrial Company Profile

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.