Shares of Stag Industrial Inc (NYSE:STAG) have been assigned an average rating of “Buy” from the thirteen analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $29.31.
Several analysts have recently commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Stag Industrial from $30.00 to $27.00 and set an “overweight” rating on the stock in a research report on Monday. ValuEngine upgraded shares of Stag Industrial from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Ladenburg Thalmann Financial Services restated a “buy” rating and set a $32.00 price objective on shares of Stag Industrial in a research report on Friday, February 16th. Royal Bank of Canada set a $28.00 price objective on shares of Stag Industrial and gave the company a “buy” rating in a research report on Monday, February 26th. Finally, DA Davidson restated a “neutral” rating on shares of Stag Industrial in a research report on Friday, February 16th.
STAG stock opened at $23.87 on Wednesday. The firm has a market cap of $2,317.10, a price-to-earnings ratio of 108.50, a PEG ratio of 2.82 and a beta of 1.14. Stag Industrial has a one year low of $22.42 and a one year high of $28.95. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.13 and a current ratio of 0.13.
Stag Industrial (NYSE:STAG) last issued its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.42. The business had revenue of $81.30 million for the quarter, compared to analysts’ expectations of $79.83 million. Stag Industrial had a net margin of 10.38% and a return on equity of 2.92%. The company’s revenue was up 22.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 EPS. equities research analysts forecast that Stag Industrial will post 1.82 earnings per share for the current fiscal year.
In other Stag Industrial news, COO Stephen C. Mecke sold 30,000 shares of Stag Industrial stock in a transaction on Friday, January 5th. The shares were sold at an average price of $26.41, for a total value of $792,300.00. Following the sale, the chief operating officer now directly owns 32,000 shares in the company, valued at approximately $845,120. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP David G. King sold 35,000 shares of Stag Industrial stock in a transaction on Friday, January 5th. The shares were sold at an average price of $26.41, for a total transaction of $924,350.00. Following the completion of the sale, the executive vice president now owns 35,364 shares in the company, valued at $933,963.24. The disclosure for this sale can be found here. Insiders have sold a total of 165,069 shares of company stock worth $4,359,472 over the last 90 days. Insiders own 2.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in STAG. Alliancebernstein L.P. increased its holdings in Stag Industrial by 28.5% in the 4th quarter. Alliancebernstein L.P. now owns 4,635,191 shares of the real estate investment trust’s stock valued at $126,680,000 after acquiring an additional 1,027,966 shares during the last quarter. Millennium Management LLC increased its holdings in Stag Industrial by 80.8% in the 4th quarter. Millennium Management LLC now owns 1,305,671 shares of the real estate investment trust’s stock valued at $35,684,000 after acquiring an additional 583,560 shares during the last quarter. BlackRock Inc. increased its holdings in Stag Industrial by 4.0% in the 4th quarter. BlackRock Inc. now owns 8,387,711 shares of the real estate investment trust’s stock valued at $229,236,000 after acquiring an additional 326,056 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Stag Industrial by 4.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,171,435 shares of the real estate investment trust’s stock valued at $142,059,000 after acquiring an additional 220,542 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in Stag Industrial by 23.6% in the 4th quarter. Deutsche Bank AG now owns 1,079,429 shares of the real estate investment trust’s stock valued at $29,496,000 after acquiring an additional 205,946 shares during the last quarter. Institutional investors own 84.39% of the company’s stock.
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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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