Wall Street Zen Downgrades Stag Industrial (NYSE:STAG) to Sell

Stag Industrial (NYSE:STAG) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Several other equities analysts have also recently issued reports on the company. Citigroup lifted their price target on Stag Industrial from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Robert W. Baird lifted their target price on Stag Industrial from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Cantor Fitzgerald assumed coverage on shares of Stag Industrial in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $37.00 price target on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Stag Industrial in a report on Monday, December 22nd. Finally, Evercore ISI lifted their price objective 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. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $38.89.

Stag Industrial Stock Up 0.4%

Stag Industrial stock opened at $36.91 on Friday. Stag Industrial has a 52 week low of $28.61 and a 52 week high of $39.73. The stock has a market cap of $6.89 billion, a price-to-earnings ratio of 28.39 and a beta of 1.06. The company’s 50-day moving average price is $38.23 and its two-hundred day moving average price is $36.81. 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 (NYSE:STAG) last posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.02. Stag Industrial had a net margin of 29.24% and a return on equity of 6.84%. The business had revenue of $211.12 million during the quarter, compared to analysts’ expectations of $210.26 million. During the same period last year, the firm posted $0.60 earnings per share. The business’s revenue was up 10.7% on a year-over-year basis. On average, analysts expect that Stag Industrial will post 2.47 EPS for the current fiscal year.

Insider Activity

In related news, EVP Michael Chase sold 13,144 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $38.75, for a total value of $509,330.00. Following the completion of the sale, the executive vice president owned 9,422 shares in the company, valued at approximately $365,102.50. This represents a 58.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Stag Industrial

Several large investors have recently added to or reduced their stakes in the company. 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. Measured Wealth Private Client Group LLC purchased a new stake in shares of Stag Industrial during the 3rd quarter valued at about $27,000. Chung Wu Investment Group LLC bought a new position in shares of Stag Industrial in the 2nd quarter valued at about $29,000. Root Financial Partners LLC bought a new position in shares of Stag Industrial in the 3rd quarter valued at about $43,000. Finally, EverSource Wealth Advisors LLC grew its position in Stag Industrial by 270.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 1,048 shares in the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

Stag Industrial Company Profile

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.