Stag Industrial Inc (STAG) Upgraded at BidaskClub
Stag Industrial Inc (NYSE:STAG) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Saturday.
A number of other equities research analysts also recently weighed in on the stock. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Stag Industrial in a report on Friday. Jefferies Group LLC reissued a “buy” rating and issued a $32.00 price target on shares of Stag Industrial in a report on Tuesday, September 26th. UBS Group AG (USA) raised shares of Stag Industrial from a “sell” rating to a “neutral” rating and upped their price target for the company from $21.00 to $28.00 in a report on Friday, September 8th. ValuEngine raised shares of Stag Industrial from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Evercore ISI raised shares of Stag Industrial from an “in-line” rating to an “outperform” rating and set a $30.00 price target for the company in a report on Monday, August 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $28.25.
Stag Industrial (NYSE:STAG) traded up $0.98 during mid-day trading on Friday, reaching $28.62. 1,148,203 shares of the company traded hands, compared to its average volume of 402,815. The firm has a market capitalization of $2.69 billion, a P/E ratio of 16.73, a P/E/G ratio of 3.17 and a beta of 1.25. Stag Industrial has a 1-year low of $21.21 and a 1-year high of $28.95. 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 (NYSE:STAG) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01. Stag Industrial had a net margin of 1.89% and a negative return on equity of 0.45%. The business had revenue of $78.14 million during the quarter, compared to the consensus estimate of $76.17 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. sell-side analysts expect that Stag Industrial will post 1.68 EPS for the current fiscal year.
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In other Stag Industrial news, EVP Peter S. Fearey sold 1,033 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $28.71, for a total transaction of $29,657.43. Following the sale, the executive vice president now owns 2,506 shares in the company, valued at approximately $71,947.26. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.00% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of STAG. BlackRock Inc. raised its holdings in 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 buying an additional 7,994,905 shares during the period. Prudential Financial Inc. raised its holdings in 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 buying an additional 1,475,598 shares during the period. Oak Ridge Investments LLC acquired a new stake in Stag Industrial during the 2nd quarter worth about $37,394,000. Vanguard Group Inc. raised its holdings in 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 buying an additional 691,105 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in 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 buying an additional 646,968 shares during the period. Hedge funds and other 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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