Stag Industrial (NYSE:STAG) Sets New 12-Month Low – Time to Sell?

Stag Industrial, Inc. (NYSE:STAG – Get Free Report) reached a new 52-week low during trading on Wednesday. The company traded as low as $35.36 and last traded at $35.4350, with a volume of 546344 shares traded. The stock had previously closed at $36.12.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on STAG shares. Evercore restated an “outperform” rating on shares of Stag Industrial in a research note on Monday, September 14th. Barclays boosted their price target on Stag Industrial from $38.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday, July 16th. Wall Street Zen upgraded shares of Stag Industrial from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. Weiss Ratings lowered shares of Stag Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, September 25th. Finally, Wells Fargo & Company cut their price objective on shares of Stag Industrial from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 1st. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $41.11.

View Our Latest Report on STAG

Stag Industrial Trading Up 0.1%

The company has a market cap of $6.92 billion, a P/E ratio of 27.65 and a beta of 0.95. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.93. The business has a 50 day moving average price of $36.99 and a 200-day moving average price of $37.94.

Stag Industrial (NYSE:STAG – Get Free Report) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.37). Stag Industrial had a return on equity of 6.79% and a net margin of 28.04%.The firm had revenue of $224.37 million for the quarter, compared to analyst estimates of $223.04 million. During the same quarter in the previous year, the firm posted $0.63 earnings per share. Stag Industrial’s quarterly revenue was up 8.1% on a year-over-year basis. Analysts forecast that Stag Industrial, Inc. will post 2.63 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.3875 per share. This represents a $1.55 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, September 30th. Stag Industrial’s payout ratio is 119.23%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in STAG. GAMMA Investing LLC raised its stake in Stag Industrial by 13.8% in the 3rd quarter. GAMMA Investing LLC now owns 3,711 shares of the real estate investment trust’s stock valued at $133,000 after acquiring an additional 451 shares during the period. Congress Asset Management Co. raised its position in shares of Stag Industrial by 21.1% in the third quarter. Congress Asset Management Co. now owns 296,731 shares of the real estate investment trust’s stock valued at $10,626,000 after purchasing an additional 51,637 shares during the period. Moody National Bank Trust Division lifted its stake in shares of Stag Industrial by 5.7% during the 3rd quarter. Moody National Bank Trust Division now owns 43,482 shares of the real estate investment trust’s stock worth $1,557,000 after buying an additional 2,360 shares during the last quarter. Central Pacific Bank Trust Division raised its holdings in Stag Industrial by 6.5% in the 3rd quarter. Central Pacific Bank Trust Division now owns 6,390 shares of the real estate investment trust’s stock valued at $229,000 after acquiring an additional 390 shares during the period. Finally, Cim Investment Management Inc. boosted its holdings in shares of Stag Industrial by 7.4% during the second quarter. Cim Investment Management Inc. now owns 12,377 shares of the real estate investment trust’s stock worth $471,000 after acquiring an additional 855 shares during the period. 88.67% of the stock is currently owned by institutional investors.

Stag Industrial Company Profile

(Get Free Report)

STAG Industrial, Inc (NYSE: STAG) is a real estate investment trust (REIT) that owns, operates and acquires industrial properties across the United States. The company focuses primarily on single-tenant properties, with a portfolio designed to serve businesses involved in manufacturing, logistics, distribution and warehousing.

STAG Industrial seeks to generate rental income through long-term leases with tenants operating in a range of industries. Its properties are generally located in established industrial markets and are supported by demand for distribution and logistics facilities, including those serving e-commerce and supply-chain operations.

Founded in 2010 and headquartered in Boston, Massachusetts, STAG Industrial became a publicly traded company in 2011.

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