Stag Industrial (NYSE:STAG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

According to Zacks, “STAG Industrial, Inc. operates as a real estate company focused on the acquisition, ownership and management of single-tenant industrial properties throughout the United States. STAG Industrial, Inc. is based in United States. “

Separately, Raymond James dropped their price objective on Stag Industrial from $29.50 to $28.50 and set an “outperform” rating on the stock in a research note on Monday, November 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Stag Industrial currently has a consensus rating of “Hold” and a consensus price target of $28.25.

STAG opened at $26.27 on Tuesday. Stag Industrial has a one year low of $22.42 and a one year high of $29.07. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $2.92 billion, a PE ratio of 15.54, a PEG ratio of 3.03 and a beta of 1.02.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.38). Stag Industrial had a return on equity of 3.74% and a net margin of 14.96%. The firm had revenue of $89.00 million during the quarter, compared to the consensus estimate of $87.49 million. During the same period in the prior year, the firm posted $0.43 EPS. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. On average, research analysts forecast that Stag Industrial will post 1.77 EPS for the current year.

Institutional investors have recently made changes to their positions in the company. Point72 Hong Kong Ltd raised its position in shares of Stag Industrial by 161.6% during the third quarter. Point72 Hong Kong Ltd now owns 3,922 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 2,423 shares during the period. Canton Hathaway LLC acquired a new position in Stag Industrial during the third quarter valued at $140,000. First Hawaiian Bank acquired a new position in Stag Industrial during the third quarter valued at $148,000. Clear Harbor Asset Management LLC acquired a new position in Stag Industrial during the second quarter valued at $201,000. Finally, Private Advisor Group LLC acquired a new position in Stag Industrial during the second quarter valued at $212,000. 83.61% of the stock is currently owned by institutional investors.

Stag Industrial Company Profile

STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (“REIT”) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.

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