Stag Industrial (NYSE:STAG) Raised to Hold at Wall Street Zen

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

A number of other research analysts have also commented on the company. Citigroup increased their price objective on Stag Industrial from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Evercore ISI boosted their price objective on Stag Industrial from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Industrial Alliance Securities set a $37.00 target price on shares of Stag Industrial in a research report on Wednesday, October 1st. Wells Fargo & Company lifted their price target on shares of Stag Industrial from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Monday, November 10th. Finally, Cantor Fitzgerald initiated coverage on shares of Stag Industrial in a research note on Wednesday, October 1st. They set a “neutral” rating and a $37.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Stag Industrial currently has an average rating of “Hold” and a consensus target price of $38.89.

Stag Industrial Trading Down 0.3%

STAG opened at $38.75 on Friday. Stag Industrial has a 1-year low of $28.61 and a 1-year high of $39.73. The stock has a market capitalization of $7.24 billion, a PE ratio of 29.81 and a beta of 1.06. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.89. The firm has a 50-day moving average price of $38.03 and a two-hundred day moving average price of $36.59.

Stag Industrial (NYSE:STAG) last released its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 EPS for the quarter, beating the consensus estimate of $0.63 by $0.02. The business 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 was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share. As a group, equities analysts anticipate that Stag Industrial will post 2.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Stag Industrial news, EVP Michael Chase sold 13,144 shares of the stock in a transaction dated Wednesday, November 5th. The stock was 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 directly owned 9,422 shares in the company, valued at $365,102.50. This represents a 58.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Larry T. Guillemette sold 2,004 shares of the firm’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $35.20, for a total value of $70,540.80. Following the sale, the director directly owned 38,666 shares in the company, valued at approximately $1,361,043.20. This represents a 4.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Stag Industrial

Several hedge funds have recently bought and sold shares of the stock. Swiss Life Asset Management Ltd acquired a new position in shares of Stag Industrial in the third quarter valued at approximately $298,000. JPMorgan Chase & Co. lifted its position in Stag Industrial by 12.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,495,511 shares of the real estate investment trust’s stock valued at $52,778,000 after acquiring an additional 170,639 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in Stag Industrial by 34.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 5,841 shares of the real estate investment trust’s stock worth $206,000 after purchasing an additional 1,511 shares during the period. CIBC Bancorp USA Inc. bought a new position in Stag Industrial during the 3rd quarter worth about $1,732,000. Finally, Coldstream Capital Management Inc. increased its holdings in Stag Industrial by 1.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 68,032 shares of the real estate investment trust’s stock worth $2,401,000 after purchasing an additional 918 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

About Stag Industrial

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.