ValuEngine lowered shares of Stag Industrial (NYSE:STAG) from a buy rating to a hold rating in a report released on Friday morning.

Several other brokerages also recently issued reports on STAG. BidaskClub downgraded Stag Industrial from a hold rating to a sell rating in a report on Friday, October 6th. Ladenburg Thalmann Financial Services reiterated a buy rating on shares of Stag Industrial in a report on Friday, November 3rd. TheStreet upgraded Stag Industrial from a c rating to a b- rating in a report on Tuesday, November 14th. JPMorgan Chase & Co. upgraded Stag Industrial from a neutral rating to an overweight rating and set a $30.00 price target for the company in a report on Friday, December 15th. Finally, Zacks Investment Research downgraded Stag Industrial from a hold rating to a sell rating in a report on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of $28.50.

Shares of Stag Industrial (STAG) opened at $23.69 on Friday. The company has a market capitalization of $2,230.00, a price-to-earnings ratio of 43.07, a PEG ratio of 2.61 and a beta of 1.09. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.62. Stag Industrial has a twelve month low of $23.35 and a twelve month high of $28.95.

In other Stag Industrial news, CEO Benjamin S. Butcher sold 68,180 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $26.41, for a total value of $1,800,633.80. Following the completion of the transaction, the chief executive officer now directly owns 140,268 shares of the company’s stock, valued at approximately $3,704,477.88. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO William R. Crooker sold 31,889 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $26.41, for a total transaction of $842,188.49. Following the completion of the transaction, the chief financial officer now directly owns 46,493 shares of the company’s stock, valued at $1,227,880.13. The disclosure for this sale can be found here. Over the last quarter, insiders sold 165,069 shares of company stock valued at $4,359,472. 2.00% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the business. San Francisco Sentry Investment Group CA purchased a new position in Stag Industrial in the 2nd quarter valued at about $117,000. Verition Fund Management LLC purchased a new position in Stag Industrial in the 2nd quarter valued at about $200,000. Teacher Retirement System of Texas purchased a new position in Stag Industrial in the 3rd quarter valued at about $200,000. Ameritas Investment Partners Inc. boosted its position in Stag Industrial by 13.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,846 shares of the real estate investment trust’s stock valued at $217,000 after buying an additional 903 shares during the last quarter. Finally, Aperio Group LLC purchased a new position in Stag Industrial in the 4th quarter valued at about $216,000. 82.39% of the stock is owned by institutional investors.

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About Stag Industrial

STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.

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Analyst Recommendations for Stag Industrial (NYSE:STAG)

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