According to Zacks, “STAG Industrial, Inc. operates as a real estate company focused on the acquisition, ownership and management of single-tenant industrial properties throughout the United States. STAG Industrial, Inc. is based in United States. “
Several other research analysts have also recently weighed in on the stock. Berenberg Bank assumed coverage on shares of Stag Industrial in a research report on Tuesday, April 23rd. They issued a “hold” rating and a $30.00 price objective for the company. DA Davidson boosted their price objective on shares of Stag Industrial to $32.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. ValuEngine cut shares of Stag Industrial from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. TheStreet upgraded shares of Stag Industrial from a “c+” rating to a “b” rating in a research report on Thursday, February 21st. Finally, LADENBURG THALM/SH SH boosted their price objective on shares of Stag Industrial from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, February 20th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $29.25.
Shares of STAG opened at $29.71 on Thursday. The company has a market capitalization of $3.73 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 3.34 and a beta of 1.04. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.28 and a current ratio of 1.28. Stag Industrial has a one year low of $23.24 and a one year high of $29.89.
Stag Industrial (NYSE:STAG) last posted its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.39). Stag Industrial had a return on equity of 4.63% and a net margin of 19.44%. The company had revenue of $95.70 million during the quarter, compared to the consensus estimate of $95.19 million. During the same quarter last year, the firm earned $0.43 EPS. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, sell-side analysts expect that Stag Industrial will post 1.83 EPS for the current fiscal year.
Institutional investors have recently modified their holdings of the business. Lindbrook Capital LLC raised its position in shares of Stag Industrial by 418.8% during the 1st quarter. Lindbrook Capital LLC now owns 991 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 800 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Stag Industrial during the 1st quarter valued at $36,000. Public Employees Retirement System of Ohio raised its position in shares of Stag Industrial by 45.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,365 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 426 shares during the last quarter. Private Capital Group LLC raised its position in shares of Stag Industrial by 242.9% during the 4th quarter. Private Capital Group LLC now owns 1,728 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 1,224 shares during the last quarter. Finally, Athena Capital Advisors LLC bought a new stake in shares of Stag Industrial during the 4th quarter valued at $50,000. Institutional investors own 75.85% of the company’s stock.
About Stag Industrial
STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition, ownership, and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (REIT) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.
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