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

Stag Industrial (NYSE:STAG) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other equities analysts have also issued reports about the company. Citigroup boosted their price target on Stag Industrial from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Wells Fargo & Company lifted their price target on shares of Stag Industrial from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Monday, November 10th. Evercore ISI increased their price objective on shares of Stag Industrial from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Industrial Alliance Securities set a $37.00 target price on shares of Stag Industrial in a research report on Wednesday, October 1st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Stag Industrial in a research note on Monday. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $38.89.

Stag Industrial Price Performance

NYSE STAG opened at $38.75 on Friday. The stock has a 50-day simple moving average of $38.03 and a 200 day simple moving average of $36.57. Stag Industrial has a twelve month low of $28.61 and a twelve month high of $39.73. The stock has a market capitalization of $7.24 billion, a PE ratio of 29.81 and a beta of 1.06. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.06 and a current ratio of 1.06.

Stag Industrial (NYSE:STAG) last released its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. Stag Industrial had a return on equity of 6.84% and a net margin of 29.24%.The firm had revenue of $211.12 million for the quarter, compared to analyst estimates of $210.26 million. During the same quarter last year, the firm posted $0.60 EPS. The company’s revenue was up 10.7% on a year-over-year basis. Research analysts anticipate that Stag Industrial will post 2.47 EPS for the current year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Trust Co. NA grew its stake in shares of Stag Industrial by 2,183.9% during 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 period. Measured Wealth Private Client Group LLC acquired a new stake in Stag Industrial during the 3rd quarter worth approximately $27,000. Chung Wu Investment Group LLC acquired a new position in shares of Stag Industrial during the second quarter worth about $29,000. Keystone Global Partners LLC bought a new position in Stag Industrial in the first quarter valued at $41,000. Finally, Root Financial Partners LLC acquired a new stake in shares of Stag Industrial in the 3rd quarter valued at approximately $43,000. 88.67% of the stock is currently owned by institutional investors.

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.