Stag Industrial (NYSE:STAG – Get Free Report) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Monday.
Several other brokerages also recently issued reports on STAG. Wells Fargo & Company cut their price target on shares of Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. Barclays raised their price objective on shares of Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, July 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stag Industrial in a research note on Friday, July 31st. Raymond James Financial began coverage on Stag Industrial in a report on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 target price on the stock. Finally, Robert W. Baird set a $138.00 price target on Stag Industrial in a research report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $50.50.
Check Out Our Latest Analysis on STAG
Stag Industrial Trading Up 0.3%
Stag Industrial (NYSE:STAG – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.37). Stag Industrial had a net margin of 28.04% and a return on equity of 6.79%. The company had revenue of $224.37 million during the quarter, compared to analyst estimates of $223.04 million. During the same period in the prior year, the firm earned $0.63 EPS. Stag Industrial’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, sell-side analysts predict that Stag Industrial will post 2.63 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Pacific Heights Asset Management LLC boosted its stake in Stag Industrial by 25.0% during the 4th quarter. Pacific Heights Asset Management LLC now owns 500,000 shares of the real estate investment trust’s stock worth $18,380,000 after acquiring an additional 100,000 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Stag Industrial during the second quarter valued at approximately $3,693,000. Bessemer Group Inc. increased its stake in Stag Industrial by 8.0% in the fourth quarter. Bessemer Group Inc. now owns 834,733 shares of the real estate investment trust’s stock valued at $30,684,000 after purchasing an additional 61,675 shares in the last quarter. Geode Capital Management LLC raised its holdings in Stag Industrial by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 3,830,915 shares of the real estate investment trust’s stock worth $140,851,000 after purchasing an additional 65,502 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in Stag Industrial in the first quarter worth $3,444,000. Institutional investors own 88.67% of the company’s stock.
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.
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