Stag Industrial, Inc. (STAG) Stock Rating Upgraded by UBS AG
Stag Industrial, Inc. (NYSE:STAG) was upgraded by investment analysts at UBS AG from a “sell” rating to a “neutral” rating in a research note issued to investors on Friday, The Fly reports.
A number of other research firms have also recently issued reports on STAG. ValuEngine raised Stag Industrial from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Jefferies Group LLC reissued a “buy” rating and set a $32.00 target price (up from $30.00) on shares of Stag Industrial in a research note on Sunday, June 25th. Raymond James Financial, Inc. increased their target price on Stag Industrial from $27.50 to $28.50 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. BidaskClub cut shares of Stag Industrial from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Finally, Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Stag Industrial in a research note on Wednesday, August 2nd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $27.50.
Stag Industrial (NYSE STAG) traded up 0.85% during mid-day trading on Friday, hitting $28.59. 118,291 shares of the company traded hands. The company’s 50-day moving average price is $27.59 and its 200 day moving average price is $26.65. Stag Industrial has a one year low of $21.21 and a one year high of $28.75. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 106.68 and a beta of 1.21.
Stag Industrial (NYSE:STAG) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.41. Stag Industrial had a return on equity of 3.97% and a net margin of 12.22%. The business had revenue of $72.20 million during the quarter, compared to analysts’ expectations of $71.44 million. During the same period in the prior year, the business earned $0.38 EPS. Stag Industrial’s revenue for the quarter was up 19.9% compared to the same quarter last year. On average, analysts anticipate that Stag Industrial will post ($0.01) earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brookfield Asset Management Inc. boosted its holdings in shares of Stag Industrial by 7.3% in the 2nd quarter. Brookfield Asset Management Inc. now owns 2,674,778 shares of the real estate investment trust’s stock valued at $73,824,000 after buying an additional 181,999 shares during the last quarter. Phocas Financial Corp. boosted its holdings in shares of Stag Industrial by 2.9% in the 2nd quarter. Phocas Financial Corp. now owns 23,609 shares of the real estate investment trust’s stock valued at $652,000 after buying an additional 666 shares during the last quarter. WFG Advisors LP boosted its holdings in shares of Stag Industrial by 10,100.0% in the 2nd quarter. WFG Advisors LP now owns 8,160 shares of the real estate investment trust’s stock valued at $225,000 after buying an additional 8,080 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of Stag Industrial in the 2nd quarter valued at approximately $200,000. Finally, Ameritas Investment Partners Inc. boosted its holdings in shares of Stag Industrial by 13.0% in the 2nd 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 during the last quarter. 81.25% of the stock is owned by institutional investors.
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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