Stag Industrial (NYSE:STAG) Downgraded to Sell Rating by Wall Street Zen

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

Several other equities research analysts also recently commented on the stock. Industrial Alliance Securities set a $37.00 price objective on shares of Stag Industrial in a report on Wednesday, October 1st. Evercore ISI boosted their price target on shares of Stag Industrial from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Royal Bank Of Canada upped their price target on shares of Stag Industrial from $38.00 to $42.00 and gave the company a “sector perform” rating in a research note on Thursday, November 6th. Robert W. Baird lifted their price objective on shares of Stag Industrial from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Finally, Citigroup boosted their target price on shares of Stag Industrial from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Stag Industrial currently has a consensus rating of “Hold” and an average price target of $38.89.

Stag Industrial Stock Performance

NYSE:STAG opened at $39.26 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31. The business has a fifty day simple moving average of $37.62 and a two-hundred day simple moving average of $36.45. Stag Industrial has a 1 year low of $28.61 and a 1 year high of $39.73. The company has a market capitalization of $7.33 billion, a P/E ratio of 30.20 and a beta of 0.95.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. The firm had revenue of $211.12 million for the quarter, compared to analysts’ expectations of $210.26 million. Stag Industrial had a return on equity of 6.82% and a net margin of 29.24%.The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.60 EPS. On average, analysts expect that Stag Industrial will post 2.47 earnings per share for the current year.

Insider Buying and Selling at Stag Industrial

In related news, EVP Michael Chase sold 13,144 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $38.75, for a total value of $509,330.00. Following the sale, the executive vice president owned 9,422 shares in the company, 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 filing with the SEC, which is accessible through the SEC website. Also, Director Larry T. Guillemette sold 2,004 shares of the stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $35.20, for a total value of $70,540.80. Following the completion of the sale, the director owned 38,666 shares in the company, valued at $1,361,043.20. This trade represents a 4.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 40,148 shares of company stock valued at $1,502,621 in the last three months. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Stag Industrial

A number of institutional investors have recently added to or reduced their stakes in the business. Private Trust Co. NA raised its holdings in shares of Stag Industrial by 2,183.9% in the 2nd quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 677 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of Stag Industrial during the third quarter worth about $27,000. Chung Wu Investment Group LLC bought a new position in shares of Stag Industrial in the second quarter worth approximately $29,000. Avalon Trust Co purchased a new stake in Stag Industrial in the first quarter valued at approximately $36,000. Finally, Keystone Global Partners LLC bought a new stake in Stag Industrial during the first quarter valued at approximately $41,000. 88.67% of the stock is currently owned by institutional investors.

About Stag Industrial

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.