Stag Industrial (NYSE:STAG) Downgraded to “Underweight” Rating by Barclays

Stag Industrial (NYSE:STAG) was downgraded by equities researchers at Barclays from an “equal weight” rating to an “underweight” rating in a report issued on Tuesday, Marketbeat.com reports. They currently have a $39.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $40.00. Barclays‘s price objective suggests a potential upside of 3.70% from the stock’s previous close.

STAG has been the subject of a number of other research reports. Wall Street Zen downgraded shares of Stag Industrial from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stag Industrial in a research note on Monday, December 22nd. Industrial Alliance Securities set a $39.00 price objective on shares of Stag Industrial in a research report on Tuesday. Evercore ISI lifted their target price on shares of Stag Industrial from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Finally, Robert W. Baird upped their price target on shares of Stag Industrial from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Stag Industrial has a consensus rating of “Hold” and a consensus price target of $39.33.

Stag Industrial Trading Down 0.1%

STAG traded down $0.04 during trading on Tuesday, reaching $37.61. 143,649 shares of the company’s stock were exchanged, compared to its average volume of 1,212,626. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.89. Stag Industrial has a one year low of $28.61 and a one year high of $39.73. The firm has a fifty day moving average price of $38.13 and a two-hundred day moving average price of $36.87. The stock has a market capitalization of $7.02 billion, a PE ratio of 28.93 and a beta of 1.06.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.02. The company had revenue of $211.12 million for the quarter, compared to analysts’ expectations of $210.26 million. Stag Industrial had a net margin of 29.24% and a return on equity of 6.84%. Stag Industrial’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 earnings per share. As a group, equities research analysts forecast that Stag Industrial will post 2.47 earnings per share for the current fiscal year.

Insider Transactions at Stag Industrial

In related news, EVP Michael Chase sold 13,144 shares of Stag Industrial stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $38.75, for a total transaction of $509,330.00. Following the transaction, the executive vice president owned 9,422 shares of the company’s stock, valued at $365,102.50. The trade was a 58.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STAG. Park Avenue Securities LLC lifted its holdings in Stag Industrial by 3.5% during the third quarter. Park Avenue Securities LLC now owns 7,639 shares of the real estate investment trust’s stock valued at $270,000 after purchasing an additional 260 shares during the last quarter. Benjamin Edwards Inc. grew its position in shares of Stag Industrial by 4.7% during the 3rd quarter. Benjamin Edwards Inc. now owns 6,230 shares of the real estate investment trust’s stock valued at $220,000 after purchasing an additional 282 shares in the last quarter. Tectonic Advisors LLC grew its position in Stag Industrial by 2.4% during the second quarter. Tectonic Advisors LLC now owns 13,018 shares of the real estate investment trust’s stock worth $472,000 after buying an additional 304 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Stag Industrial by 4.2% in the second quarter. ProShare Advisors LLC now owns 8,275 shares of the real estate investment trust’s stock worth $300,000 after purchasing an additional 332 shares during the last quarter. Finally, AlphaQuest LLC raised its position in shares of Stag Industrial by 3.3% during the 3rd quarter. AlphaQuest LLC now owns 10,875 shares of the real estate investment trust’s stock valued at $384,000 after buying an additional 350 shares in the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

About Stag Industrial

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.