Stag Industrial, Inc. (NYSE:STAG) Given Consensus Rating of “Hold” by Analysts

Stag Industrial, Inc. (NYSE:STAG) has earned an average recommendation of “Hold” from the ten analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $39.50.

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Stag Industrial from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. iA Financial set a $39.00 target price on shares of Stag Industrial in a research report on Tuesday, January 13th. Robert W. Baird set a $40.00 price target on shares of Stag Industrial in a report on Tuesday, February 17th. Evercore reiterated an “outperform” rating on shares of Stag Industrial in a research note on Friday, February 13th. Finally, Wall Street Zen upgraded shares of Stag Industrial from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th.

Insider Transactions at Stag Industrial

In other news, Director Virgis Colbert sold 18,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $38.08, for a total transaction of $685,440.00. Following the completion of the transaction, the director directly owned 4,210 shares of the company’s stock, valued at approximately $160,316.80. This trade represents a 81.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William R. Crooker sold 93,732 shares of the firm’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $39.17, for a total transaction of $3,671,482.44. The SEC filing for this sale provides additional information. In the last three months, insiders sold 136,974 shares of company stock valued at $5,345,904. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Stag Industrial

Several institutional investors have recently added to or reduced their stakes in STAG. Norges Bank bought a new position in Stag Industrial during the 4th quarter valued at about $295,644,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Stag Industrial by 434,005.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,098,286 shares of the real estate investment trust’s stock valued at $40,373,000 after purchasing an additional 1,098,033 shares during the last quarter. Heitman Real Estate Securities LLC bought a new position in Stag Industrial during the 4th quarter valued at about $33,558,000. Mackenzie Financial Corp bought a new position in Stag Industrial during the 4th quarter valued at about $25,459,000. Finally, Balyasny Asset Management L.P. lifted its holdings in Stag Industrial by 1,818.4% during the 3rd quarter. Balyasny Asset Management L.P. now owns 570,931 shares of the real estate investment trust’s stock valued at $20,148,000 after purchasing an additional 541,170 shares during the last quarter. 88.67% of the stock is owned by institutional investors.

Stag Industrial Stock Down 1.5%

Shares of NYSE:STAG opened at $39.31 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market cap of $7.51 billion, a PE ratio of 26.92 and a beta of 1.04. Stag Industrial has a 52 week low of $31.79 and a 52 week high of $39.99. The firm has a 50 day simple moving average of $38.04 and a 200 day simple moving average of $37.99.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. The business had revenue of $220.90 million during the quarter, compared to the consensus estimate of $213.66 million. Stag Industrial had a net margin of 32.35% and a return on equity of 7.68%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 EPS. As a group, research analysts expect that Stag Industrial will post 2.63 earnings per share for the current year.

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.