Stag Industrial’s (STAG) “Hold (C+)” Rating Reaffirmed at Weiss Ratings

Stag Industrial (NYSE:STAG)‘s stock had its “hold (c+)” rating reiterated by equities researchers at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

A number of other research analysts also recently weighed in on the stock. Cantor Fitzgerald assumed coverage on shares of Stag Industrial in a research report on Wednesday, October 1st. They set a “neutral” rating and a $37.00 price objective on the stock. Industrial Alliance Securities set a $37.00 target price on shares of Stag Industrial in a report on Wednesday, October 1st. Finally, Evercore ISI upped their target price on shares of Stag Industrial from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Stag Industrial has an average rating of “Hold” and an average target price of $38.00.

Stag Industrial Stock Down 0.1%

Shares of Stag Industrial stock opened at $38.61 on Friday. The company has a market cap of $7.21 billion, a price-to-earnings ratio of 30.40 and a beta of 0.92. The company’s 50 day moving average is $36.34 and its 200 day moving average is $35.40. Stag Industrial has a twelve month low of $28.61 and a twelve month high of $39.01. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.86.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.63. The company had revenue of $207.44 million for the quarter, compared to the consensus estimate of $206.37 million. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 earnings per share. Research analysts anticipate that Stag Industrial will post 2.47 EPS for the current year.

Insiders Place Their Bets

In related news, Director Larry T. Guillemette sold 2,004 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $35.20, for a total transaction of $70,540.80. Following the completion of the transaction, the director directly owned 38,666 shares of the company’s stock, valued at approximately $1,361,043.20. This trade represents a 4.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Benjamin S. Butcher sold 25,000 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $36.91, for a total transaction of $922,750.00. Following the transaction, the director directly owned 7,562 shares of the company’s stock, valued at $279,113.42. The trade was a 76.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Stag Industrial

Several institutional investors have recently bought and sold shares of STAG. Private Trust Co. NA lifted its position in 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 valued at $26,000 after purchasing an additional 677 shares during the last quarter. Chung Wu Investment Group LLC bought a new stake in shares of Stag Industrial in the 2nd quarter worth about $29,000. Tsfg LLC bought a new stake in shares of Stag Industrial in the 1st quarter worth about $32,000. Avalon Trust Co bought a new stake in shares of Stag Industrial in the 1st quarter worth about $36,000. Finally, Keystone Global Partners LLC bought a new stake in shares of Stag Industrial in the 1st quarter worth about $41,000. Institutional investors own 88.67% of the company’s stock.

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.