Stag Industrial, Inc. (STAG) Given Buy Rating at Ladenburg Thalmann Financial Services
Stag Industrial, Inc. (NYSE:STAG)‘s stock had its “buy” rating reissued by equities research analysts at Ladenburg Thalmann Financial Services in a report issued on Friday.
Several other equities research analysts also recently weighed in on the stock. ValuEngine raised shares of Stag Industrial from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. UBS AG raised shares of Stag Industrial from a “sell” rating to a “neutral” rating and raised their price target for the company from $21.00 to $28.00 in a research report on Friday, September 8th. Jefferies Group LLC reissued a “buy” rating and set a $32.00 price target (up previously from $31.00) on shares of Stag Industrial in a research report on Tuesday, August 22nd. BidaskClub downgraded shares of Stag Industrial from a “hold” rating to a “sell” rating in a research report on Friday, October 6th. Finally, Evercore ISI upgraded shares of Stag Industrial from an “in-line” rating to an “outperform” rating and set a $30.00 target price on the stock in a report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. Stag Industrial currently has an average rating of “Buy” and a consensus price target of $28.25.
Shares of Stag Industrial (STAG) traded up $0.98 on Friday, hitting $28.62. 1,148,203 shares of the company traded hands, compared to its average volume of 355,962. The company has a market capitalization of $2,692.66, a P/E ratio of 17.14, a P/E/G ratio of 3.25 and a beta of 1.24. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.63. Stag Industrial has a 12 month low of $21.21 and a 12 month high of $28.95.
Stag Industrial (NYSE:STAG) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The company had revenue of $78.14 million during the quarter, compared to the consensus estimate of $76.17 million. Stag Industrial had a net margin of 18.96% and a return on equity of 5.99%. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 earnings per share. equities analysts predict that Stag Industrial will post 1.67 earnings per share for the current fiscal year.
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In related news, EVP Peter S. Fearey sold 1,033 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $28.71, for a total value of $29,657.43. Following the sale, the executive vice president now owns 2,506 shares in the company, valued at $71,947.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.00% of the company’s stock.
A number of hedge funds have recently modified their holdings of STAG. BlackRock Inc. boosted its stake in shares of Stag Industrial by 1,758.0% during the 1st quarter. BlackRock Inc. now owns 8,449,687 shares of the real estate investment trust’s stock worth $211,412,000 after acquiring an additional 7,994,905 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Stag Industrial by 4,447.1% during the 2nd quarter. Prudential Financial Inc. now owns 1,508,779 shares of the real estate investment trust’s stock worth $41,643,000 after acquiring an additional 1,475,598 shares during the last quarter. Oak Ridge Investments LLC purchased a new position in shares of Stag Industrial during the 2nd quarter worth $37,394,000. Vanguard Group Inc. boosted its stake in shares of Stag Industrial by 5.4% during the 2nd quarter. Vanguard Group Inc. now owns 13,381,991 shares of the real estate investment trust’s stock worth $369,344,000 after acquiring an additional 691,105 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Stag Industrial by 15.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,950,893 shares of the real estate investment trust’s stock worth $136,644,000 after acquiring an additional 646,968 shares during the last quarter. Institutional investors own 81.06% of the company’s stock.
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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